Arkos Global Advisors Invests $263,000 in Duke Energy Co. (NYSE:DUK)

Arkos Global Advisors acquired a new position in Duke Energy Co. (NYSE:DUK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,442 shares of the utilities provider's stock, valued at approximately $263,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its stake in shares of Duke Energy by 0.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider's stock worth $3,378,000 after purchasing an additional 93 shares during the last quarter. Pallas Capital Advisors LLC increased its position in Duke Energy by 2.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider's stock worth $372,000 after buying an additional 95 shares during the last quarter. Intergy Private Wealth LLC increased its position in Duke Energy by 4.8% in the fourth quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider's stock worth $228,000 after buying an additional 96 shares during the last quarter. V Square Quantitative Management LLC increased its position in Duke Energy by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider's stock worth $779,000 after buying an additional 96 shares during the last quarter. Finally, Cravens & Co Advisors LLC increased its position in Duke Energy by 3.9% in the fourth quarter. Cravens & Co Advisors LLC now owns 2,624 shares of the utilities provider's stock worth $283,000 after buying an additional 98 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Up 0.3 %

Shares of NYSE DUK traded up $0.41 during mid-day trading on Wednesday, hitting $122.11. 1,757,518 shares of the stock traded hands, compared to its average volume of 3,389,090. The stock has a fifty day moving average price of $118.71 and a 200-day moving average price of $114.48. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The company has a market cap of $94.88 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 52 week low of $97.49 and a 52 week high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.50% and a net margin of 14.90%. Research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current year.

Analysts Set New Price Targets

DUK has been the subject of a number of recent research reports. Barclays raised their target price on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Jefferies Financial Group boosted their target price on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. BMO Capital Markets reduced their target price on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. lifted their price target on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Finally, Guggenheim lifted their price target on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of "Moderate Buy" and a consensus target price 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.