Colonial Trust Advisors cut its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,611 shares of the utilities provider's stock after selling 3,752 shares during the quarter. Duke Energy accounts for about 1.2% of Colonial Trust Advisors' portfolio, making the stock its 26th biggest holding. Colonial Trust Advisors' holdings in Duke Energy were worth $13,533,000 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. Morse Asset Management Inc bought a new stake in shares of Duke Energy during the 3rd quarter worth approximately $173,000. Brophy Wealth Management LLC bought a new stake in Duke Energy during the third quarter worth $421,000. Geode Capital Management LLC lifted its stake in Duke Energy by 2.6% in the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider's stock valued at $2,016,846,000 after acquiring an additional 442,302 shares during the last quarter. Chiron Investment Management LLC bought a new position in shares of Duke Energy in the 3rd quarter valued at about $2,016,000. Finally, Toronto Dominion Bank increased its stake in shares of Duke Energy by 14.2% during the 3rd quarter. Toronto Dominion Bank now owns 460,151 shares of the utilities provider's stock worth $53,055,000 after purchasing an additional 57,169 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.
Duke Energy Price Performance
Shares of NYSE:DUK traded up $1.54 during trading on Monday, reaching $120.48. 3,224,854 shares of the company traded hands, compared to its average volume of 3,373,334. The firm has a market capitalization of $93.62 billion, a PE ratio of 21.10, a PEG ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 52 week low of $92.75 and a 52 week high of $125.27. 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 company's 50 day moving average is $116.98 and its two-hundred day moving average is $113.89.
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 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%. As a group, sell-side analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on DUK shares. Barclays boosted their price target on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Guggenheim increased their price target on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Jefferies Financial Group lifted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. UBS Group increased their price objective on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Morgan Stanley lifted their target price on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $123.87.
Check Out Our Latest Research Report on Duke Energy
About Duke Energy
(
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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