Rollins Financial Advisors LLC Has $1.06 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Rollins Financial Advisors LLC raised its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 74.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,833 shares of the utilities provider's stock after buying an additional 4,182 shares during the period. Rollins Financial Advisors LLC's holdings in Duke Energy were worth $1,059,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Parkworth Wealth Management Inc. acquired a new position in Duke Energy in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new position in Duke Energy during the third quarter valued at $29,000. WealthTrak Capital Management LLC purchased a new stake in Duke Energy in the 4th quarter worth about $30,000. Sierra Ocean LLC purchased a new position in Duke Energy during the 4th quarter valued at about $31,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Duke Energy by 1,500.0% in the 4th 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 period. 65.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DUK shares. UBS Group boosted their price objective on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Guggenheim upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Morgan Stanley lifted their price objective on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Jefferies Financial Group raised their price target on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Barclays boosted their price target on Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $123.87.

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Duke Energy Stock Performance

NYSE:DUK traded up $1.97 during mid-day trading on Friday, hitting $118.81. 6,054,003 shares of the company's stock traded hands, compared to its average volume of 3,373,922. Duke Energy Co. has a 12 month low of $92.75 and a 12 month high of $125.27. The firm has a market capitalization of $92.32 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The firm has a 50 day moving average of $116.98 and a two-hundred day moving average of $113.89. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52.

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

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.