Broyhill Asset Management Acquires Shares of 5,003 Duke Energy Co. (NYSE:DUK)

Broyhill Asset Management purchased a new position in Duke Energy Co. (NYSE:DUK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,003 shares of the utilities provider's stock, valued at approximately $539,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ExodusPoint Capital Management LP bought a new position in Duke Energy in the 4th quarter worth about $163,819,000. Assenagon Asset Management S.A. boosted its holdings in shares of Duke Energy by 155.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider's stock valued at $201,832,000 after acquiring an additional 1,138,979 shares during the last quarter. Capital Wealth Planning LLC raised its holdings in shares of Duke Energy by 116.5% during the fourth quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock valued at $222,520,000 after purchasing an additional 1,111,581 shares during the last quarter. Vanguard Group Inc. lifted its position in Duke Energy by 1.1% during 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 period. Finally, Amundi raised its stake in Duke Energy by 29.2% during the 4th quarter. Amundi now owns 2,488,849 shares of the utilities provider's stock valued at $269,368,000 after buying an additional 561,784 shares during the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Stock Up 1.1 %

Shares of DUK traded up $1.30 during mid-day trading on Friday, hitting $121.65. 3,409,730 shares of the company traded hands, compared to its average volume of 3,381,113. The company has a market capitalization of $94.52 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The business has a 50 day moving average of $117.56 and a 200 day moving average of $114.09. Duke Energy Co. has a 1-year low of $95.98 and a 1-year high of $125.27.

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 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%. Equities research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DUK shares. UBS Group upped their price objective on Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Jefferies Financial Group upped 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. Barclays upped their price target on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. BMO Capital Markets reduced their price target 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, April 10th. Finally, JPMorgan Chase & Co. raised their price target on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.