Firethorn Wealth Partners LLC acquired a new stake in Duke Energy Co. (NYSE:DUK – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,984 shares of the utilities provider’s stock, valued at approximately $523,000.
A number of other hedge funds also recently made changes to their positions in the business. Cohen & Steers Inc. increased its holdings in shares of Duke Energy by 94,828.8% during the third quarter. Cohen & Steers Inc. now owns 1,905,221 shares of the utilities provider’s stock valued at $185,931,000 after acquiring an additional 1,903,214 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Duke Energy by 2.2% during the third quarter. BlackRock Inc. now owns 53,113,065 shares of the utilities provider’s stock valued at $5,183,304,000 after acquiring an additional 1,152,984 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Duke Energy by 142.5% during the third quarter. Renaissance Technologies LLC now owns 1,720,517 shares of the utilities provider’s stock valued at $167,905,000 after acquiring an additional 1,011,167 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Duke Energy by 118.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,819,760 shares of the utilities provider’s stock valued at $190,893,000 after acquiring an additional 984,905 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Duke Energy by 17.6% during the second quarter. Morgan Stanley now owns 5,794,284 shares of the utilities provider’s stock valued at $572,012,000 after buying an additional 867,051 shares during the last quarter. Hedge funds and other institutional investors own 62.12% of the company’s stock.
Several equities research analysts recently commented on the company. BMO Capital Markets cut Duke Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, January 7th. StockNews.com assumed coverage on Duke Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. KeyCorp increased their price objective on Duke Energy from $119.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Citigroup assumed coverage on Duke Energy in a research report on Tuesday, March 22nd. They issued a “buy” rating and a $120.00 target price on the stock. Finally, Bank of America raised Duke Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $108.00 to $110.00 in a research report on Monday, February 14th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Hold” and an average target price of $112.73.
Shares of NYSE DUK traded up $0.68 during trading on Thursday, hitting $113.77. The company had a trading volume of 103,959 shares, compared to its average volume of 2,943,334. The stock has a 50 day simple moving average of $108.39 and a 200 day simple moving average of $104.22. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.42 and a current ratio of 0.62. Duke Energy Co. has a 12 month low of $95.48 and a 12 month high of $116.33. The firm has a market capitalization of $87.59 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 3.41 and a beta of 0.35.
Duke Energy (NYSE:DUK – Get Rating) last posted its quarterly earnings data on Thursday, February 10th. The utilities provider reported $0.94 EPS for the quarter, hitting the consensus estimate of $0.94. Duke Energy had a return on equity of 8.52% and a net margin of 15.57%. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts predict that Duke Energy Co. will post 5.46 EPS for the current year.
About Duke Energy (Get Rating)
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 generation, and nuclear fuel to generate electricity.
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