Greenland Capital Management LP Purchases New Shares in Duke Energy Co. (NYSE:DUK)

Greenland Capital Management LP purchased a new position in shares of Duke Energy Co. (NYSE:DUK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 111,242 shares of the utilities provider's stock, valued at approximately $11,985,000. Duke Energy comprises 1.9% of Greenland Capital Management LP's investment portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of DUK. Vanguard Group Inc. boosted its position in Duke Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock worth $7,852,731,000 after purchasing an additional 779,054 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Duke Energy by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider's stock worth $1,949,857,000 after buying an additional 124,863 shares during the period. Geode Capital Management LLC grew its stake in Duke Energy by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider's stock valued at $1,930,833,000 after buying an additional 385,612 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Duke Energy by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider's stock worth $922,529,000 after acquiring an additional 135,665 shares during the period. Finally, Federated Hermes Inc. lifted its position in Duke Energy by 2.9% during the 4th quarter. Federated Hermes Inc. now owns 3,205,479 shares of the utilities provider's stock worth $345,358,000 after acquiring an additional 90,552 shares during the last quarter. Institutional investors own 65.31% of the company's stock.

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Duke Energy Price Performance

DUK traded up $1.97 during midday trading on Friday, reaching $118.81. 6,054,003 shares of the company's stock were exchanged, compared to its average volume of 3,373,922. Duke Energy Co. has a one year low of $92.75 and a one year high of $125.27. The firm has a market capitalization of $92.32 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The business has a 50-day simple moving average of $116.98 and a two-hundred day simple moving average of $113.89. 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 (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, beating 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%. As a group, research analysts predict that Duke Energy Co. will post 6.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. BMO Capital Markets dropped their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research note on Thursday. Barclays upped their price target on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Jefferies Financial Group raised their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Guggenheim upped their target price 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. Finally, Morgan Stanley raised their price target on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Duke Energy presently has a consensus rating of "Moderate Buy" and an average price target of $123.87.

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.