Advisory Services Network LLC Purchases 10,809 Shares of Duke Energy Co. (NYSE:DUK)

Advisory Services Network LLC boosted its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,008 shares of the utilities provider's stock after buying an additional 10,809 shares during the quarter. Advisory Services Network LLC's holdings in Duke Energy were worth $7,112,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Greenland Capital Management LP purchased a new position in shares of Duke Energy during the 4th quarter worth about $11,985,000. Renaissance Technologies LLC raised its stake in Duke Energy by 148.4% during the fourth quarter. Renaissance Technologies LLC now owns 784,299 shares of the utilities provider's stock worth $84,500,000 after purchasing an additional 468,549 shares during the period. Rollins Financial Advisors LLC boosted its holdings in shares of Duke Energy by 74.0% in the 4th quarter. Rollins Financial Advisors LLC now owns 9,833 shares of the utilities provider's stock valued at $1,059,000 after purchasing an additional 4,182 shares during the last quarter. Twin Capital Management Inc. grew its stake in shares of Duke Energy by 8.3% during the 4th quarter. Twin Capital Management Inc. now owns 36,038 shares of the utilities provider's stock valued at $3,883,000 after buying an additional 2,766 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Duke Energy by 7.8% in the 4th quarter. Cerity Partners LLC now owns 299,570 shares of the utilities provider's stock worth $32,532,000 after buying an additional 21,549 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

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Duke Energy Stock Performance

Shares of DUK traded up $1.11 during mid-day trading on Monday, hitting $120.05. The company's stock had a trading volume of 936,066 shares, compared to its average volume of 4,053,426. Duke Energy Co. has a one year low of $92.75 and a one year high of $125.27. The stock's 50-day moving average is $116.98 and its two-hundred day moving average is $113.89. The firm has a market capitalization of $93.28 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. As a group, sell-side analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current year.

Analysts Set New Price Targets

DUK has been the subject of a number of research analyst reports. Guggenheim increased their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. BMO Capital Markets cut their target price on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research note on Thursday. UBS Group upped their price target on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Jefferies Financial Group raised their price objective on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Barclays upped their target price on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.87.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.