Trust Co. of Toledo NA OH boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,514 shares of the utilities provider’s stock after purchasing an additional 1,061 shares during the period. Trust Co. of Toledo NA OH’s holdings in Duke Energy were worth $2,173,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Simon Quick Advisors LLC lifted its position in Duke Energy by 161.2% during the fourth quarter. Simon Quick Advisors LLC now owns 269 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. Greenhouse Wealth Management LLC purchased a new position in Duke Energy during the fourth quarter valued at $25,000. Defined Wealth Management LLC purchased a new position in Duke Energy during the fourth quarter valued at $26,000. Crescent Capital Consulting LLC purchased a new position in Duke Energy during the fourth quarter valued at $27,000. Finally, St. Johns Investment Management Company LLC lifted its position in Duke Energy by 54.7% during the fourth quarter. St. Johns Investment Management Company LLC now owns 311 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 63.48% of the company’s stock.
DUK has been the topic of several research analyst reports. Barclays boosted their price objective on Duke Energy from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, January 28th. Mizuho boosted their price objective on Duke Energy from $93.00 to $96.00 in a research report on Monday, February 1st. The Goldman Sachs Group downgraded Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 price objective on the stock. in a research report on Thursday, January 14th. Credit Suisse Group boosted their price objective on Duke Energy from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, January 29th. Finally, Morgan Stanley boosted their price objective on Duke Energy from $99.00 to $101.00 and gave the company an “equal weight” rating in a research report on Thursday, March 25th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $98.20.
Shares of NYSE:DUK traded down $0.24 during mid-day trading on Thursday, reaching $97.58. The stock had a trading volume of 25,083 shares, compared to its average volume of 3,255,067. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 1.24. The company has a market cap of $75.06 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 4.88 and a beta of 0.23. Duke Energy Co. has a 1 year low of $77.58 and a 1 year high of $98.88. The business’s 50 day moving average price is $91.47 and its 200 day moving average price is $91.49.
Duke Energy (NYSE:DUK) last posted its earnings results on Wednesday, February 10th. The utilities provider reported $1.03 EPS for the quarter, hitting analysts’ consensus estimates of $1.03. The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $6.22 billion. Duke Energy had a return on equity of 8.28% and a net margin of 8.68%. Analysts predict that Duke Energy Co. will post 5.09 earnings per share for the current fiscal year.
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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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