Azimuth Capital Investment Management LLC Has $9.75 Million Holdings in Duke Energy Co. (NYSE:DUK)

Azimuth Capital Investment Management LLC increased its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,508 shares of the utilities provider's stock after buying an additional 2,347 shares during the period. Azimuth Capital Investment Management LLC's holdings in Duke Energy were worth $9,751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Duke Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock valued at $7,852,731,000 after purchasing an additional 779,054 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Duke Energy by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider's stock valued at $1,949,857,000 after acquiring an additional 124,863 shares during the period. Geode Capital Management LLC increased its position in Duke Energy by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider's stock worth $1,930,833,000 after acquiring an additional 385,612 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Duke Energy by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider's stock valued at $922,529,000 after purchasing an additional 135,665 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Duke Energy by 2.9% in the 4th quarter. Federated Hermes Inc. now owns 3,205,479 shares of the utilities provider's stock valued at $345,358,000 after purchasing an additional 90,552 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on DUK. UBS Group boosted 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. Morgan Stanley upped their target price on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Jefferies Financial Group lifted their price target on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. 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 report on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.87.

Duke Energy Price Performance

DUK stock traded up $1.11 during midday trading on Monday, reaching $120.05. 936,066 shares of the company's stock traded hands, compared to its average volume of 3,364,571. The company has a 50-day simple moving average of $116.98 and a two-hundred day simple moving average of $113.89. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a 1-year low of $92.75 and a 1-year high of $125.27. The company has a market cap of $93.28 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.79 and a beta of 0.39.

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

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.