TD Waterhouse Canada Inc. Acquires 2,935 Shares of Duke Energy Co. (NYSE:DUK)

TD Waterhouse Canada Inc. increased its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,942 shares of the utilities provider's stock after acquiring an additional 2,935 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Duke Energy were worth $2,687,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Parkworth Wealth Management Inc. bought a new position in Duke Energy during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC acquired a new position in Duke Energy during the 4th quarter worth $30,000. Rakuten Securities Inc. boosted its position in Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after buying an additional 270 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Duke Energy in the 4th quarter valued at $31,000. Finally, CGC Financial Services LLC lifted its stake in shares of Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 242 shares during the period. 65.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

DUK has been the subject of several recent research reports. Guggenheim boosted their price objective on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. BMO Capital Markets reduced their target price on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Jefferies Financial Group boosted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their price objective on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Finally, UBS Group upped their target price on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Duke Energy presently has an average rating of "Moderate Buy" and an average price target of $123.87.

Duke Energy Stock Performance

Shares of Duke Energy stock traded up $0.51 during trading hours on Tuesday, hitting $121.18. 604,848 shares of the company's stock traded hands, compared to its average volume of 3,920,217. 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 fifty day simple moving average of $118.54 and a 200-day simple moving average of $114.43. Duke Energy Co. has a 12-month low of $97.49 and a 12-month high of $125.27. The stock has a market capitalization of $94.16 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 2.79 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Equities research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

About Duke Energy

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.