Duke Energy Co. (NYSE:DUK) Stock Holdings Lessened by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lowered its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 422,624 shares of the utilities provider's stock after selling 20,708 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.05% of Duke Energy worth $45,506,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Parkworth Wealth Management Inc. purchased a new position in Duke Energy in the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new position in Duke Energy in the fourth quarter valued at about $30,000. Sierra Ocean LLC acquired a new stake in Duke Energy during the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. increased its holdings in Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Finally, CGC Financial Services LLC raised its position in shares of Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 242 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of Duke Energy stock traded down $0.25 during trading on Thursday, hitting $121.17. The stock had a trading volume of 1,105,667 shares, compared to its average volume of 3,975,337. The business has a fifty day moving average of $118.01 and a two-hundred day moving average of $114.22. The firm has a market cap of $94.15 billion, a P/E ratio of 21.22, a PEG ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a fifty-two week low of $97.49 and a fifty-two week high of $125.27. 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 (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DUK shares. Morgan Stanley lifted their price target 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. BMO Capital Markets dropped their target price on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. UBS Group increased their price target on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Finally, Guggenheim lifted their target price on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Seven equities 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, Duke Energy presently has a consensus rating of "Moderate Buy" and a consensus target price 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.