Duke Energy Co. (NYSE:DUK) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. lowered its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,770 shares of the utilities provider's stock after selling 17,834 shares during the quarter. APG Asset Management N.V.'s holdings in Duke Energy were worth $25,259,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Advisory Services Network LLC grew its holdings in Duke Energy by 19.6% during the fourth quarter. Advisory Services Network LLC now owns 66,008 shares of the utilities provider's stock valued at $7,112,000 after purchasing an additional 10,809 shares during the period. Greenland Capital Management LP bought a new position in shares of Duke Energy during the 4th quarter valued at approximately $11,985,000. Renaissance Technologies LLC raised its stake in Duke Energy by 148.4% during the 4th quarter. Renaissance Technologies LLC now owns 784,299 shares of the utilities provider's stock worth $84,500,000 after acquiring an additional 468,549 shares during the period. Rollins Financial Advisors LLC lifted its holdings in Duke Energy by 74.0% during the fourth 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 in the last quarter. Finally, Twin Capital Management Inc. boosted its position in shares of Duke Energy by 8.3% in the fourth quarter. Twin Capital Management Inc. now owns 36,038 shares of the utilities provider's stock worth $3,883,000 after purchasing an additional 2,766 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Duke Energy Price Performance

Shares of NYSE:DUK traded up $1.73 during midday trading on Monday, hitting $120.67. The company had a trading volume of 2,227,284 shares, compared to its average volume of 3,373,142. The business's 50-day simple moving average is $116.98 and its 200-day simple moving average is $113.89. The stock has a market cap of $93.76 billion, a price-to-earnings ratio of 21.13, 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 current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $125.27.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Barclays lifted their target price on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. UBS Group increased their price target on Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, BMO Capital Markets reduced their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Duke Energy has a consensus rating of "Moderate Buy" and an average price target of $123.87.

About Duke Energy

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.