Ilmarinen Mutual Pension Insurance Co Raises Stake in Duke Energy Co. (NYSE:DUK)

Ilmarinen Mutual Pension Insurance Co raised its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,000 shares of the utilities provider's stock after purchasing an additional 17,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Duke Energy were worth $14,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Duke Energy in the third quarter worth about $29,000. Parkworth Wealth Management Inc. purchased a new position in shares of Duke Energy during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new position in shares of Duke Energy in the fourth quarter worth approximately $30,000. Rakuten Securities Inc. raised its stake in Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Duke Energy in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 65.31% of the company's stock.

Duke Energy Trading Up 0.8 %

Shares of DUK stock traded up $0.93 during trading hours on Thursday, hitting $117.24. The company had a trading volume of 2,451,885 shares, compared to its average volume of 3,335,495. 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 fifty day moving average is $116.78 and its 200 day moving average is $113.88. Duke Energy Co. has a fifty-two week low of $92.75 and a fifty-two week high of $125.27. The stock has a market capitalization of $91.10 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39.

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Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share 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%. Research analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DUK shares. Morgan Stanley upped their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Scotiabank upped their target price on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. BMO Capital Markets dropped their price objective 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. Guggenheim raised their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their target price 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. 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 MarketBeat, Duke Energy presently has an average rating of "Moderate Buy" and an average 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.