Rockefeller Capital Management L.P. Has $16.32 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Rockefeller Capital Management L.P. cut its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,611 shares of the utilities provider's stock after selling 15,205 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Duke Energy were worth $16,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC increased its position in Duke Energy by 7.9% during the fourth quarter. Sterling Capital Management LLC now owns 57,732 shares of the utilities provider's stock worth $6,220,000 after buying an additional 4,213 shares during the last quarter. Heritage Trust Co acquired a new stake in Duke Energy during the 4th quarter valued at $266,000. Jaffetilchin Investment Partners LLC boosted its position in Duke Energy by 13.4% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 20,255 shares of the utilities provider's stock worth $2,182,000 after purchasing an additional 2,386 shares during the period. Argent Trust Co increased its holdings in shares of Duke Energy by 6.3% in the fourth quarter. Argent Trust Co now owns 52,625 shares of the utilities provider's stock valued at $5,670,000 after purchasing an additional 3,106 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Duke Energy by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 339,452 shares of the utilities provider's stock valued at $36,573,000 after purchasing an additional 2,130 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DUK shares. Jefferies Financial Group upped their price target on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Guggenheim boosted their price target on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Barclays increased their price objective on 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. boosted their target price on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets lowered their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.87.

Duke Energy Price Performance

DUK traded up $1.30 during trading on Friday, hitting $121.65. 3,409,730 shares of the stock traded hands, compared to its average volume of 3,381,113. The business has a 50 day moving average price of $117.56 and a 200 day moving average price of $114.09. The company has a market cap of $94.52 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a twelve month low of $95.98 and a twelve month high of $125.27. 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 (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Equities research analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

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.