Philadelphia Trust Co. Has $7.13 Million Holdings in Duke Energy Co. (NYSE:DUK)

Philadelphia Trust Co. cut its position in Duke Energy Co. (NYSE:DUK - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,186 shares of the utilities provider's stock after selling 9,960 shares during the period. Philadelphia Trust Co.'s holdings in Duke Energy were worth $7,131,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DUK. Parkworth Wealth Management Inc. bought a new position in Duke Energy in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC bought a new stake in Duke Energy during the 4th quarter worth about $30,000. Rakuten Securities Inc. lifted its position in shares of Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after purchasing an additional 270 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Duke Energy during the fourth quarter valued at approximately $31,000. Finally, CGC Financial Services LLC boosted its position in Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after buying an additional 242 shares during the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Stock Up 1.3 %

NYSE DUK traded up $1.54 during trading hours on Monday, reaching $120.48. 3,226,196 shares of the company's stock were exchanged, compared to its average volume of 3,373,334. 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 Co. has a one year low of $92.75 and a one year high of $125.27. The company's 50-day moving average is $117.11 and its two-hundred day moving average is $113.92. The company has a market capitalization of $93.62 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39.

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Duke Energy (NYSE:DUK - Get Free Report) last issued 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 net margin of 14.90% and a return on equity of 9.50%. On average, analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DUK has been the topic of several research reports. BMO Capital Markets cut their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research note on Thursday. Jefferies Financial Group upped their target price on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Barclays lifted their price target on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Finally, UBS Group lifted their target price on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and a consensus price target of $123.87.

Duke Energy 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.