Cullen Capital Management LLC Sells 51,362 Shares of Duke Energy Co. (NYSE:DUK)

Cullen Capital Management LLC reduced its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,141,529 shares of the utilities provider's stock after selling 51,362 shares during the period. Duke Energy makes up approximately 2.6% of Cullen Capital Management LLC's investment portfolio, making the stock its 6th biggest position. Cullen Capital Management LLC owned about 0.28% of Duke Energy worth $230,728,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Resona Asset Management Co. Ltd. acquired a new stake in shares of Duke Energy during the 4th quarter worth approximately $32,525,000. Smith Moore & CO. increased its stake in shares of Duke Energy by 3.0% in the 4th quarter. Smith Moore & CO. now owns 19,035 shares of the utilities provider's stock valued at $2,051,000 after purchasing an additional 554 shares during the last quarter. Uniting Wealth Partners LLC acquired a new position in shares of Duke Energy during the 4th quarter worth $213,000. ExodusPoint Capital Management LP bought a new stake in shares of Duke Energy during the 4th quarter worth $163,819,000. Finally, Grant Private Wealth Management Inc acquired a new stake in Duke Energy in the fourth quarter valued at about $274,000. Institutional investors and hedge funds own 65.31% of the company's stock.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of research reports. Guggenheim increased their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Barclays raised their target price on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a research report on Tuesday. BMO Capital Markets lowered their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday. UBS Group raised their price objective on Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. upped their target price on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.87.

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Duke Energy Trading Down 0.5 %

Shares of NYSE:DUK traded down $0.63 during midday trading on Thursday, reaching $115.68. The company's stock had a trading volume of 2,007,415 shares, compared to its average volume of 4,005,322. The firm has a 50 day moving average price of $116.78 and a two-hundred day moving average price of $113.88. Duke Energy Co. has a fifty-two week low of $92.75 and a fifty-two week high of $125.27. The firm has a market capitalization of $89.89 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.79 and a beta of 0.39. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data 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%. As a group, analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current year.

About Duke Energy

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.