Pinebridge Investments L.P. reduced its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,734 shares of the utilities provider's stock after selling 10,022 shares during the period. Pinebridge Investments L.P.'s holdings in Duke Energy were worth $22,704,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Parkworth Wealth Management Inc. bought a new position in shares of Duke Energy during the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new position in Duke Energy in the fourth quarter valued at approximately $30,000. Sierra Ocean LLC purchased a new position in Duke Energy in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its stake in 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 purchasing an additional 270 shares during the last quarter. Finally, CGC Financial Services LLC lifted its stake in Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 242 shares during the last quarter. 65.31% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
DUK has been the topic of several research analyst reports. Morgan Stanley upped 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. Guggenheim upped their price objective on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. BMO Capital Markets dropped their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. increased their target price on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Finally, UBS Group increased their target price on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $123.87.
View Our Latest Report on DUK
Duke Energy Price Performance
Shares of DUK stock traded up $0.73 on Tuesday, reaching $121.40. The company's stock had a trading volume of 667,170 shares, compared to its average volume of 3,379,191. The company has a market capitalization of $94.33 billion, a P/E ratio of 21.26, a PEG ratio of 2.79 and a beta of 0.39. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a 12-month low of $97.49 and a 12-month high of $125.27. The stock's 50 day simple moving average is $118.54 and its 200-day simple moving average is $114.43.
Duke Energy (NYSE:DUK - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating 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 analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.
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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