Sky Investment Group LLC raised its position in shares of Duke Energy Co. (NYSE:DUK) by 0.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 36,702 shares of the utilities provider’s stock after purchasing an additional 298 shares during the quarter. Sky Investment Group LLC’s holdings in Duke Energy were worth $3,543,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its position in shares of Duke Energy by 63.9% in the 4th quarter. FMR LLC now owns 8,728,974 shares of the utilities provider’s stock worth $799,224,000 after acquiring an additional 3,404,795 shares in the last quarter. Brookfield Asset Management Inc. acquired a new stake in shares of Duke Energy during the 4th quarter worth approximately $140,645,000. Canada Pension Plan Investment Board lifted its position in shares of Duke Energy by 278.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 977,972 shares of the utilities provider’s stock valued at $89,544,000 after acquiring an additional 719,678 shares during the period. Morgan Stanley boosted its stake in Duke Energy by 10.1% during the fourth quarter. Morgan Stanley now owns 5,456,092 shares of the utilities provider’s stock worth $499,562,000 after acquiring an additional 498,409 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Duke Energy by 157.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 570,546 shares of the utilities provider’s stock valued at $51,411,000 after purchasing an additional 348,947 shares during the period. Institutional investors own 63.48% of the company’s stock.
NYSE DUK traded down $0.16 on Thursday, hitting $100.93. 13,957 shares of the stock traded hands, compared to its average volume of 3,294,815. The firm has a market capitalization of $77.64 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 4.88 and a beta of 0.23. The business’s fifty day moving average is $94.64 and its two-hundred day moving average is $92.50. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.33 and a current ratio of 0.52. Duke Energy Co. has a 12 month low of $77.58 and a 12 month high of $101.83.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,802 shares of the stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $89.35, for a total transaction of $161,008.70. Following the sale, the senior vice president now owns 5,794 shares in the company, valued at $517,693.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.
DUK has been the subject of a number of research analyst reports. Credit Suisse Group boosted their target price on Duke Energy from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective on Duke Energy from $97.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday. KeyCorp reduced their price objective on shares of Duke Energy from $106.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday. Bank of America lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and set a $94.00 target price on the stock. in a report on Friday, February 12th. Finally, Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research note on Friday, April 16th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Duke Energy currently has an average rating of “Hold” and an average price target of $102.00.
About Duke Energy
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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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