Cerity Partners LLC Buys 21,549 Shares of Duke Energy Co. (NYSE:DUK)

Cerity Partners LLC lifted its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 299,570 shares of the utilities provider's stock after buying an additional 21,549 shares during the period. Cerity Partners LLC's holdings in Duke Energy were worth $32,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB raised its stake in Duke Energy by 0.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider's stock valued at $3,378,000 after purchasing an additional 93 shares during the period. Pallas Capital Advisors LLC grew its holdings in Duke Energy by 2.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider's stock valued at $372,000 after buying an additional 95 shares in the last quarter. Intergy Private Wealth LLC raised its position in shares of Duke Energy by 4.8% during the fourth quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider's stock valued at $228,000 after buying an additional 96 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Duke Energy by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider's stock worth $779,000 after buying an additional 96 shares in the last quarter. Finally, Missouri Trust & Investment Co boosted its position in shares of Duke Energy by 10.3% during the fourth quarter. Missouri Trust & Investment Co now owns 1,071 shares of the utilities provider's stock worth $115,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several brokerages have recently issued reports on DUK. Guggenheim lifted their target price on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. UBS Group lifted their price objective on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. increased their target price on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Jefferies Financial Group upped their price target on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, BMO Capital Markets reduced their target price on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $123.87.

Duke Energy Trading Up 1.0 %

Shares of NYSE:DUK traded up $1.19 during trading on Monday, reaching $120.13. 677,591 shares of the company were exchanged, compared to its average volume of 3,363,662. 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 firm has a market capitalization of $93.34 billion, a PE ratio of 21.04, a P/E/G ratio of 2.79 and a beta of 0.39. The business's fifty day simple moving average is $116.98 and its 200-day simple moving average is $113.89. Duke Energy Co. has a 12-month low of $92.75 and a 12-month high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last issued 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 return on equity of 9.50% and a net margin of 14.90%. On average, research analysts anticipate that Duke Energy Co. will post 6.33 EPS 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.