Jump Financial LLC Trims Stock Position in Duke Energy Co. (NYSE:DUK)

Jump Financial LLC reduced its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,005 shares of the utilities provider's stock after selling 6,540 shares during the quarter. Jump Financial LLC's holdings in Duke Energy were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Duke Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock worth $7,852,731,000 after acquiring an additional 779,054 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Duke Energy by 0.7% in 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 purchasing an additional 124,863 shares during the period. Geode Capital Management LLC grew its holdings in Duke Energy by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider's stock valued at $1,930,833,000 after purchasing an additional 385,612 shares during the period. Charles Schwab Investment Management Inc. increased its position in Duke Energy by 1.6% in 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 in the last quarter. Finally, Federated Hermes Inc. increased its holdings in Duke Energy by 2.9% in 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 in the last quarter. Hedge funds and other institutional investors own 65.31% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Morgan Stanley raised their price target on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. upped 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. BMO Capital Markets decreased their target price on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group increased their price objective 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.87.

Duke Energy Trading Down 0.6 %

NYSE:DUK traded down $0.73 during midday trading on Thursday, hitting $120.69. 3,197,578 shares of the company traded hands, compared to its average volume of 3,388,659. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The firm's fifty day moving average is $118.01 and its 200-day moving average is $114.22. The firm has a market capitalization of $93.78 billion, a P/E ratio of 21.14, a P/E/G ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 12-month low of $97.49 and a 12-month high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results 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 net margin of 14.90% and a return on equity of 9.50%. On average, sell-side analysts predict that Duke Energy Co. will post 6.33 EPS for the current 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.