Dynamic Technology Lab Private Ltd Trims Position in Duke Energy Co. (NYSE:DUK)

Dynamic Technology Lab Private Ltd decreased its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 91.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,160 shares of the utilities provider's stock after selling 45,181 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Duke Energy were worth $448,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Parkworth Wealth Management Inc. acquired a new stake in Duke Energy during the 4th quarter worth $28,000. WealthTrak Capital Management LLC acquired a new stake in Duke Energy in the 4th quarter valued at about $30,000. Rakuten Securities Inc. boosted its holdings in shares of 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. Sierra Ocean LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $31,000. Finally, CGC Financial Services LLC increased its holdings in shares of Duke Energy by 366.7% in the fourth 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 during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley raised their target price on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Guggenheim increased their price target 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. UBS Group lifted their price target 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. BMO Capital Markets lowered their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Jefferies Financial Group upped their price target on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, February 21st. 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 presently has an average rating of "Moderate Buy" and a consensus price target of $123.87.

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Duke Energy Stock Up 1.1 %

NYSE:DUK traded up $1.25 during trading hours on Monday, hitting $120.19. The company's stock had a trading volume of 545,023 shares, compared to its average volume of 3,363,020. Duke Energy Co. has a 52-week low of $92.75 and a 52-week high of $125.27. The stock has a market capitalization of $93.39 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The stock has a fifty day moving average of $116.98 and a 200-day moving average of $113.89.

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

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.