Rahlfs Capital LLC Acquires Shares of 15,446 Duke Energy Co. (NYSE:DUK)

Rahlfs Capital LLC purchased a new stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 15,446 shares of the utilities provider's stock, valued at approximately $1,664,000. Duke Energy accounts for approximately 1.6% of Rahlfs Capital LLC's holdings, making the stock its 15th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. United Bank raised its holdings in Duke Energy by 2.7% in the 3rd quarter. United Bank now owns 4,764 shares of the utilities provider's stock worth $549,000 after purchasing an additional 127 shares in the last quarter. Janus Henderson Group PLC boosted its position in Duke Energy by 1.6% during the 3rd quarter. Janus Henderson Group PLC now owns 96,936 shares of the utilities provider's stock valued at $11,173,000 after acquiring an additional 1,500 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of Duke Energy in the 3rd quarter worth approximately $173,000. Quantinno Capital Management LP boosted its position in shares of Duke Energy by 40.9% during the third quarter. Quantinno Capital Management LP now owns 45,386 shares of the utilities provider's stock valued at $5,233,000 after purchasing an additional 13,180 shares in the last quarter. Finally, Wills Financial Group Inc. raised its holdings in Duke Energy by 4.6% in the third quarter. Wills Financial Group Inc. now owns 6,908 shares of the utilities provider's stock worth $796,000 after purchasing an additional 303 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

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Duke Energy Stock Up 0.6 %

Shares of Duke Energy stock traded up $0.66 on Thursday, reaching $116.97. The stock had a trading volume of 2,314,048 shares, compared to its average volume of 3,334,830. The stock has a market capitalization of $90.89 billion, a P/E ratio of 20.41, 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 company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The company has a 50 day moving average price of $116.78 and a 200 day moving average price of $113.88.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share 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, equities research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DUK shares. BMO Capital Markets lowered their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research report on Thursday. Morgan Stanley boosted their price target on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. UBS Group lifted their price objective on Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Scotiabank raised their price target on Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group increased their price objective 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Duke Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.87.

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.