Wasatch Advisors LP lessened its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,176 shares of the utilities provider's stock after selling 3,000 shares during the quarter. Wasatch Advisors LP's holdings in Duke Energy were worth $5,729,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Parkworth Wealth Management Inc. acquired a new stake in Duke Energy in the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $30,000. Sierra Ocean LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. boosted its stake in Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after buying an additional 270 shares during the last quarter. Finally, CGC Financial Services LLC grew its holdings in Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after buying an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company's stock.
Duke Energy Stock Up 1.9 %
Shares of DUK traded up $2.25 during midday trading on Tuesday, reaching $122.42. The stock had a trading volume of 667,395 shares, compared to its average volume of 3,366,168. Duke Energy Co. has a 1-year low of $96.68 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 company has a market cap of $95.12 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.79 and a beta of 0.39. The company's fifty day simple moving average is $117.64 and its two-hundred day simple moving average is $114.11.
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 return on equity of 9.50% and a net margin of 14.90%. Equities research analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have recently weighed in on DUK. Morgan Stanley boosted their price target on shares of Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. raised 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. UBS Group raised their target price on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. BMO Capital Markets lowered their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Finally, Barclays increased their target price on shares of Duke Energy from $111.00 to $123.00 and gave the stock 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, Duke Energy presently has an average rating of "Moderate Buy" and a consensus price target of $123.87.
View Our Latest Research Report on DUK
About Duke Energy
(
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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