Federated Hermes Inc. Has $345.36 Million Stake in Duke Energy Co. (NYSE:DUK)

Federated Hermes Inc. increased its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,205,479 shares of the utilities provider's stock after purchasing an additional 90,552 shares during the period. Duke Energy accounts for about 0.8% of Federated Hermes Inc.'s holdings, making the stock its 19th biggest holding. Federated Hermes Inc. owned approximately 0.41% of Duke Energy worth $345,358,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Duke Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock valued at $7,852,731,000 after acquiring an additional 779,054 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Duke Energy by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider's stock valued at $1,949,857,000 after buying an additional 124,863 shares during the last quarter. Geode Capital Management LLC boosted its stake in Duke Energy by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider's stock worth $1,930,833,000 after purchasing an additional 385,612 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Duke Energy by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider's stock worth $922,529,000 after buying an additional 135,665 shares during the last quarter. Finally, Amundi grew its stake in shares of Duke Energy by 29.2% in the 4th quarter. Amundi now owns 2,488,849 shares of the utilities provider's stock valued at $269,368,000 after purchasing an additional 561,784 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

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Duke Energy Stock Performance

NYSE:DUK traded up $1.57 during mid-day trading on Friday, hitting $118.41. The stock had a trading volume of 1,675,650 shares, compared to its average volume of 3,347,486. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The stock has a market cap of $92.01 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $125.27. The company's 50 day simple moving average is $116.85 and its 200 day simple moving average is $113.88.

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 net margin of 14.90% and a return on equity of 9.50%. On average, equities research analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

DUK has been the subject of several research analyst reports. UBS Group increased their price objective on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley raised their price target on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Scotiabank upped their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price target 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, BMO Capital Markets lowered their price objective on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research note on Thursday. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.87.

Duke Energy Company 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.