one8zero8 LLC Purchases New Position in Duke Energy Co. (NYSE:DUK)

one8zero8 LLC bought 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 filing with the SEC. The fund bought 65,165 shares of the utilities provider's stock, valued at approximately $7,021,000. Duke Energy accounts for about 1.5% of one8zero8 LLC's investment portfolio, making the stock its 14th largest position.

Several other hedge funds have also modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Duke Energy during the 3rd quarter worth approximately $29,000. Parkworth Wealth Management Inc. acquired a new position in Duke Energy during the fourth quarter worth $28,000. Rakuten Securities Inc. grew its holdings in Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Duke Energy in the fourth quarter valued at $31,000. Finally, CGC Financial Services LLC raised its stake in shares of Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after buying an additional 242 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on DUK. Guggenheim raised their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. BMO Capital Markets lifted their price objective on Duke Energy from $123.00 to $128.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Morgan Stanley increased their target price on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a report on Thursday. Scotiabank boosted their price target on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.64.

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Duke Energy Trading Up 0.7 %

DUK stock traded up $0.86 on Thursday, hitting $120.17. 4,343,901 shares of the company were exchanged, compared to its average volume of 3,735,811. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The stock has a market capitalization of $93.37 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $121.46. The business's fifty day moving average is $113.66 and its two-hundred day moving average is $113.61.

Duke Energy (NYSE:DUK - Get Free Report) last released 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%. As a group, research analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 14th were given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Friday, February 14th. Duke Energy's dividend payout ratio (DPR) is presently 73.20%.

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.