Strategies Wealth Advisors LLC purchased a new position in shares of Duke Energy Co. (NYSE:DUK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,106 shares of the utilities provider's stock, valued at approximately $361,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Morse Asset Management Inc acquired a new position in shares of Duke Energy in the 3rd quarter valued at about $173,000. Invst LLC lifted its holdings in Duke Energy by 19.4% in the third quarter. Invst LLC now owns 2,583 shares of the utilities provider's stock valued at $298,000 after acquiring an additional 419 shares during the period. Virtu Financial LLC acquired a new stake in shares of Duke Energy during the 3rd quarter worth approximately $2,012,000. Te Ahumairangi Investment Management Ltd increased its holdings in shares of Duke Energy by 5.7% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 23,349 shares of the utilities provider's stock valued at $2,677,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Chelsea Counsel Co. lifted its stake in shares of Duke Energy by 14.9% in the 3rd quarter. Chelsea Counsel Co. now owns 2,701 shares of the utilities provider's stock valued at $311,000 after purchasing an additional 350 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on DUK. Guggenheim lifted their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Jefferies Financial Group increased their target price on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. BMO Capital Markets cut their target price on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group raised their price target on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Duke Energy has an average rating of "Moderate Buy" and a consensus price target of $123.87.
Get Our Latest Stock Report on DUK
Duke Energy Stock Up 1.1 %
Shares of DUK stock traded up $1.30 during trading on Friday, reaching $121.65. The company's stock had a trading volume of 3,409,730 shares, compared to its average volume of 3,381,113. The company has a market capitalization of $94.52 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 1-year low of $95.98 and a 1-year 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. The stock's 50-day moving average price is $117.56 and its 200 day moving average price is $114.09.
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 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%. On average, research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current year.
Duke Energy Profile
(
Free Report)
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.
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