Canada Pension Plan Investment Board increased its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,712,955 shares of the utilities provider's stock after purchasing an additional 435,999 shares during the period. Canada Pension Plan Investment Board owned 0.22% of Duke Energy worth $184,554,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. ExodusPoint Capital Management LP bought a new stake in Duke Energy during the fourth quarter worth approximately $163,819,000. Assenagon Asset Management S.A. boosted its holdings in shares of Duke Energy by 155.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider's stock worth $201,832,000 after purchasing an additional 1,138,979 shares during the period. Capital Wealth Planning LLC increased its stake in Duke Energy by 116.5% in the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock valued at $222,520,000 after buying an additional 1,111,581 shares during the period. Vanguard Group Inc. increased its stake 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 worth $7,852,731,000 after acquiring an additional 779,054 shares during the last quarter. Finally, Amundi grew its stake in Duke Energy by 29.2% in the fourth quarter. Amundi now owns 2,488,849 shares of the utilities provider's stock valued at $269,368,000 after purchasing an additional 561,784 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.
Duke Energy Stock Down 1.7 %
NYSE DUK traded down $2.07 during trading on Wednesday, reaching $120.46. 1,163,813 shares of the company's stock traded hands, compared to its average volume of 3,370,578. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The company's 50 day simple moving average is $117.81 and its two-hundred day simple moving average is $114.17. Duke Energy Co. has a 12-month low of $96.68 and a 12-month high of $125.27. The firm has a market cap of $93.60 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth 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 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%. As a group, sell-side analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. BMO Capital Markets lowered their target price on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. raised their target price on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Morgan Stanley increased their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. UBS Group upped their price target on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Barclays increased their price objective on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and a consensus price target of $123.87.
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About Duke Energy
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Free Report)
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.
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