Twin Capital Management Inc. Buys 2,766 Shares of Duke Energy Co. (NYSE:DUK)

Twin Capital Management Inc. increased its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,038 shares of the utilities provider's stock after buying an additional 2,766 shares during the quarter. Twin Capital Management Inc.'s holdings in Duke Energy were worth $3,883,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Duke Energy during the third quarter worth $29,000. Parkworth Wealth Management Inc. bought a new stake in Duke Energy during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth approximately $30,000. Rakuten Securities Inc. raised its stake in shares of Duke Energy by 1,500.0% in the fourth 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 bought a new stake in Duke Energy during the 4th quarter worth approximately $31,000. Institutional investors own 65.31% of the company's stock.

Duke Energy Trading Up 1.7 %

Shares of DUK stock traded up $1.97 on Friday, reaching $118.81. The company had a trading volume of 6,054,003 shares, compared to its average volume of 3,369,563. The company has a 50-day moving average of $116.98 and a 200-day moving average of $113.90. Duke Energy Co. has a 12 month low of $92.75 and a 12 month high of $125.27. The stock has a market cap of $92.32 billion, a PE ratio of 20.81, a PEG ratio of 2.79 and a beta of 0.39. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52.

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Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results 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 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 year.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Barclays upped their price target on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group boosted their target price on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Guggenheim increased their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley boosted their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.