Aster Capital Management DIFC Ltd Sells 16,842 Shares of Duke Energy Co. (NYSE:DUK)

Aster Capital Management DIFC Ltd cut its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 95.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 865 shares of the utilities provider's stock after selling 16,842 shares during the period. Aster Capital Management DIFC Ltd's holdings in Duke Energy were worth $93,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parkworth Wealth Management Inc. acquired a new position in shares of Duke Energy in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC bought a new stake in shares of Duke Energy in the fourth quarter worth about $30,000. Sierra Ocean LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $31,000. Rakuten Securities Inc. lifted its holdings in shares of Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Finally, CGC Financial Services LLC increased its stake in Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after purchasing an additional 242 shares in the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Stock Performance

NYSE:DUK traded up $1.19 on Monday, hitting $120.13. The company's stock had a trading volume of 677,591 shares, compared to its average volume of 3,363,662. Duke Energy Co. has a one year low of $92.75 and a one year high of $125.27. The firm has a market capitalization of $93.34 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The stock has a fifty day moving average of $116.98 and a two-hundred day moving average of $113.89. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52.

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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, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Research analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on DUK. UBS Group lifted their price target on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Morgan Stanley upped their target price on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Barclays boosted their price target on Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Jefferies Financial Group increased their price objective on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Guggenheim boosted their target price on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.87.

Duke Energy 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.