Brightworth cut its stake in Duke Energy Corp (NYSE:DUK) by 15.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,903 shares of the utilities provider’s stock after selling 725 shares during the quarter. Brightworth’s holdings in Duke Energy were worth $337,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in Duke Energy by 28.5% in the 2nd quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock valued at $365,201,000 after buying an additional 1,023,646 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Duke Energy by 69.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock valued at $16,994,000 after buying an additional 87,950 shares during the last quarter. Atria Investments LLC raised its holdings in Duke Energy by 16.3% in the 3rd quarter. Atria Investments LLC now owns 4,475 shares of the utilities provider’s stock valued at $358,000 after buying an additional 626 shares during the last quarter. We Are One Seven LLC bought a new position in Duke Energy in the 3rd quarter valued at approximately $213,000. Finally, Bank of Montreal Can raised its holdings in Duke Energy by 18.7% in the 3rd quarter. Bank of Montreal Can now owns 1,163,725 shares of the utilities provider’s stock valued at $93,121,000 after buying an additional 183,665 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.
Duke Energy stock opened at $90.17 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.46. Duke Energy Corp has a 52-week low of $71.96 and a 52-week high of $91.35. The company has a market cap of $64.37 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 3.65 and a beta of 0.06.
A number of research analysts recently issued reports on DUK shares. Wells Fargo & Co dropped their price objective on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a report on Monday, November 5th. Barclays raised their price objective on shares of Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a report on Monday, November 19th. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Wednesday, December 12th. Finally, Bank of America lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $88.00 to $87.00 in a report on Wednesday, January 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $85.00.
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Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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