Argent Trust Co Has $5.67 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Argent Trust Co boosted its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,625 shares of the utilities provider's stock after buying an additional 3,106 shares during the period. Argent Trust Co's holdings in Duke Energy were worth $5,670,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in Duke Energy during the 3rd quarter worth about $173,000. Brophy Wealth Management LLC acquired a new stake in shares of Duke Energy during the third quarter worth approximately $421,000. Geode Capital Management LLC grew its position in Duke Energy by 2.6% during the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider's stock valued at $2,016,846,000 after purchasing an additional 442,302 shares in the last quarter. Chiron Investment Management LLC acquired a new position in Duke Energy in the 3rd quarter valued at approximately $2,016,000. Finally, Toronto Dominion Bank lifted its position in Duke Energy by 14.2% in the 3rd quarter. Toronto Dominion Bank now owns 460,151 shares of the utilities provider's stock worth $53,055,000 after buying an additional 57,169 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

Shares of Duke Energy stock traded up $1.54 during midday trading on Monday, hitting $120.48. The company had a trading volume of 3,226,175 shares, compared to its average volume of 3,373,339. The stock has a market cap of $93.62 billion, a PE ratio of 21.10, a P/E/G ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 1-year low of $92.75 and a 1-year high of $125.27. The business's 50 day simple moving average is $116.98 and its two-hundred day simple moving average is $113.89. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44.

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Duke Energy (NYSE:DUK - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating 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, equities analysts predict that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of research reports. 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 note on Friday, March 21st. JPMorgan Chase & Co. upped their target price on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. BMO Capital Markets reduced their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday. Morgan Stanley increased their price objective on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, Barclays lifted their target price on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Duke Energy currently has an average 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.