NewEdge Advisors LLC Boosts Stake in Duke Energy Co. (NYSE:DUK)

NewEdge Advisors LLC increased its stake in Duke Energy Co. (NYSE:DUK) by 9.6% in the 4th quarter, Holdings Channel reports. The fund owned 151,640 shares of the utilities provider’s stock after buying an additional 13,228 shares during the quarter. NewEdge Advisors LLC’s holdings in Duke Energy were worth $16,338,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Parkworth Wealth Management Inc. bought a new position in shares of Duke Energy during the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new stake in Duke Energy in the fourth quarter worth approximately $30,000. Sierra Ocean LLC bought a new position in Duke Energy during the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. raised its stake in shares of Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 270 shares in the last quarter. Finally, CGC Financial Services LLC boosted its stake in shares of 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 purchasing an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.0 %

Shares of Duke Energy stock opened at $120.45 on Thursday. The company’s fifty day simple moving average is $117.34 and its two-hundred day simple moving average is $114.01. Duke Energy Co. has a 12-month low of $93.20 and a 12-month high of $125.27. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The company has a market cap of $93.59 billion, a P/E ratio of 21.09, a PEG ratio of 2.79 and a beta of 0.39.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current year.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of analyst reports. BMO Capital Markets decreased their target price 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. Jefferies Financial Group lifted their price objective on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, February 21st. UBS Group increased their target price on Duke Energy from $123.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Barclays lifted their price target on Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. increased their price objective on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.87.

Duke Energy 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.