Cresset Asset Management LLC Has $1.54 Million Holdings in Duke Energy Co. (NYSE:DUK)

Cresset Asset Management LLC lowered its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 72.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,275 shares of the utilities provider's stock after selling 37,234 shares during the quarter. Cresset Asset Management LLC's holdings in Duke Energy were worth $1,538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parkworth Wealth Management Inc. acquired a new position in Duke Energy during the fourth quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new position in shares of Duke Energy in the 4th quarter valued at about $30,000. Rakuten Securities Inc. lifted its position 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 worth $31,000 after purchasing an additional 270 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth approximately $31,000. Finally, CGC Financial Services LLC increased its stake 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 during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DUK. Barclays lifted their price objective on Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. UBS Group increased their price target 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. Morgan Stanley raised their price objective on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Wells Fargo & Company boosted their target price on shares of Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, Guggenheim raised their target price on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.00.

Duke Energy Trading Up 3.0%

Duke Energy stock traded up $3.36 during mid-day trading on Thursday, hitting $115.82. 4,176,107 shares of the company's stock were exchanged, compared to its average volume of 3,421,483. Duke Energy Co. has a fifty-two week low of $99.21 and a fifty-two week high of $125.27. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $90.02 billion, a P/E ratio of 20.28, a PEG ratio of 2.79 and a beta of 0.39. The company's 50 day simple moving average is $119.37 and its 200-day simple moving average is $114.54.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The business had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. During the same quarter last year, the company posted $1.44 earnings per share. Duke Energy's quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Friday, May 16th. Duke Energy's dividend payout ratio is presently 69.32%.

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.