Resona Asset Management Co. Ltd. Makes New Investment in Duke Energy Co. (NYSE:DUK)

Resona Asset Management Co. Ltd. acquired a new stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 301,707 shares of the utilities provider's stock, valued at approximately $32,525,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the third quarter valued at approximately $29,000. Parkworth Wealth Management Inc. purchased a new position in Duke Energy during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new position in Duke Energy in the 4th quarter worth about $30,000. Rakuten Securities Inc. boosted its position in shares of Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 270 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Duke Energy during the fourth quarter worth about $31,000. Institutional investors own 65.31% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DUK. Guggenheim upped their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Jefferies Financial Group increased their price target 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. Scotiabank boosted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Morgan Stanley raised their price objective on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Finally, BMO Capital Markets lowered their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $123.87.

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Duke Energy Stock Down 0.5 %

NYSE DUK traded down $0.58 during trading hours on Thursday, reaching $115.73. 1,961,130 shares of the company's stock traded hands, compared to its average volume of 3,333,347. The firm has a market cap of $89.92 billion, a PE ratio of 20.20, a PEG ratio of 2.79 and a beta of 0.39. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a 52-week low of $92.75 and a 52-week high of $125.27. The firm has a 50-day simple moving average of $116.78 and a 200 day simple moving average of $113.88.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

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.