Fayez Sarofim & Co increased its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,546 shares of the utilities provider's stock after purchasing an additional 2,132 shares during the period. Fayez Sarofim & Co's holdings in Duke Energy were worth $5,769,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of Duke Energy by 1.6% during the 4th quarter. Stifel Financial Corp now owns 716,521 shares of the utilities provider's stock worth $77,198,000 after acquiring an additional 11,031 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in Duke Energy by 802.2% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 95,510 shares of the utilities provider's stock worth $10,290,000 after purchasing an additional 84,924 shares in the last quarter. Vectors Research Management LLC lifted its stake in Duke Energy by 18.9% in the 4th quarter. Vectors Research Management LLC now owns 20,105 shares of the utilities provider's stock worth $2,166,000 after purchasing an additional 3,197 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Duke Energy by 13.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,942 shares of the utilities provider's stock worth $2,687,000 after purchasing an additional 2,935 shares in the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Duke Energy during the 4th quarter valued at approximately $438,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently commented on DUK. BMO Capital Markets reduced their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Barclays boosted their price target 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. 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. Jefferies Financial Group lifted their price target on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, 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 report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.87.
Read Our Latest Stock Report on Duke Energy
Duke Energy Price Performance
DUK traded down $0.84 during trading on Friday, reaching $119.86. 2,717,155 shares of the stock were exchanged, compared to its average volume of 3,394,967. The business's 50 day moving average price is $118.37 and its two-hundred day moving average price is $114.38. 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 capitalization of $93.13 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 1 year low of $97.49 and a 1 year high of $125.27.
Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. As a group, equities research analysts anticipate that Duke Energy Co. will post 6.33 earnings per share 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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