Envestnet Asset Management Inc. lifted its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,400,371 shares of the utilities provider's stock after purchasing an additional 249,967 shares during the period. Envestnet Asset Management Inc. owned about 0.31% of Duke Energy worth $258,616,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Perennial Investment Advisors LLC lifted its position in Duke Energy by 14.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 2,103 shares of the utilities provider's stock valued at $227,000 after purchasing an additional 265 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Duke Energy by 10.8% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 10,775 shares of the utilities provider's stock worth $1,161,000 after buying an additional 1,048 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Duke Energy during the 4th quarter valued at $32,525,000. Smith Moore & CO. raised its position in Duke Energy by 3.0% in the fourth quarter. Smith Moore & CO. now owns 19,035 shares of the utilities provider's stock worth $2,051,000 after acquiring an additional 554 shares during the period. Finally, Uniting Wealth Partners LLC bought a new position in shares of Duke Energy in the fourth quarter worth approximately $213,000. 65.31% of the stock is owned by institutional investors.
Duke Energy Stock Performance
DUK stock traded up $1.45 during midday trading on Friday, reaching $118.29. The company had a trading volume of 1,502,315 shares, compared to its average volume of 3,346,976. The firm has a market capitalization of $91.91 billion, a PE ratio of 20.71, a P/E/G ratio of 2.79 and a beta of 0.39. The stock has a 50 day moving average price of $116.85 and a 200 day moving average price of $113.88. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a fifty-two week low of $92.75 and a fifty-two week high of $125.27.
Duke Energy (NYSE:DUK - Get Free Report) last announced its 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 return on equity of 9.50% and a net margin of 14.90%. Analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on DUK shares. Guggenheim boosted their price objective on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. UBS Group raised their price target on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets cut their price objective on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Finally, Barclays boosted their price target on Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.
See Also
Before you consider Duke Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Duke Energy wasn't on the list.
While Duke Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
