Jaffetilchin Investment Partners LLC Grows Holdings in Duke Energy Co. (NYSE:DUK)

Jaffetilchin Investment Partners LLC raised its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,255 shares of the utilities provider's stock after purchasing an additional 2,386 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Duke Energy were worth $2,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Argent Trust Co raised its position in Duke Energy by 6.3% in the fourth quarter. Argent Trust Co now owns 52,625 shares of the utilities provider's stock valued at $5,670,000 after purchasing an additional 3,106 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Duke Energy by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 339,452 shares of the utilities provider's stock valued at $36,573,000 after buying an additional 2,130 shares during the period. Redwood Park Advisors LLC acquired a new stake in Duke Energy during the 4th quarter worth about $36,000. Cutler Capital Management LLC acquired a new position in shares of Duke Energy in the 4th quarter valued at about $113,000. Finally, Texas Yale Capital Corp. boosted its position in shares of Duke Energy by 0.9% during the 4th quarter. Texas Yale Capital Corp. now owns 28,453 shares of the utilities provider's stock valued at $3,066,000 after purchasing an additional 245 shares in the last quarter. Institutional investors own 65.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DUK shares. 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 research report on Friday, March 21st. Barclays boosted their price target on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. BMO Capital Markets decreased their price objective on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday. Guggenheim boosted their target price on 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 Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy presently has an average rating of "Moderate Buy" and an average price target of $123.87.

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Duke Energy Price Performance

Shares of NYSE DUK traded up $1.54 during mid-day trading on Monday, reaching $120.48. The company's stock had a trading volume of 3,226,196 shares, compared to its average volume of 3,373,340. The stock has a market capitalization of $93.62 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 1-year low of $92.75 and a 1-year high of $125.27. The stock has a 50-day moving average of $116.98 and a two-hundred day moving average of $113.89. 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 analysts' consensus estimates 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, equities research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

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.