2,442 Shares in Duke Energy Co. (NYSE:DUK) Bought by Arkos Global Advisors

Arkos Global Advisors purchased a new position in shares of Duke Energy Co. (NYSE:DUK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,442 shares of the utilities provider’s stock, valued at approximately $263,000.

Other large investors have also bought and sold shares of the company. Capital Analysts LLC boosted its holdings in shares of Duke Energy by 16.9% during the fourth quarter. Capital Analysts LLC now owns 5,683 shares of the utilities provider’s stock worth $612,000 after purchasing an additional 821 shares during the period. Hayek Kallen Investment Management increased its stake in shares of Duke Energy by 6.2% during the fourth quarter. Hayek Kallen Investment Management now owns 10,346 shares of the utilities provider’s stock valued at $1,115,000 after purchasing an additional 601 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in Duke Energy by 1.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 21,557 shares of the utilities provider’s stock valued at $2,323,000 after buying an additional 223 shares during the last quarter. Stonebridge Capital Advisors LLC increased its holdings in shares of Duke Energy by 1.2% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 114,184 shares of the utilities provider’s stock valued at $12,302,000 after acquiring an additional 1,346 shares in the last quarter. Finally, Hancock Whitney Corp increased its stake in Duke Energy by 4.8% during the 4th quarter. Hancock Whitney Corp now owns 4,368 shares of the utilities provider’s stock valued at $471,000 after purchasing an additional 199 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

Duke Energy stock opened at $119.86 on Friday. The company has a market cap of $93.13 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a twelve month low of $97.49 and a twelve month high of $125.27. The company’s 50-day moving average price is $118.37 and its 200-day moving average price is $114.35. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. On average, equities research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on DUK shares. BMO Capital Markets cut their target price on Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Guggenheim increased their price target on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. UBS Group boosted their price target on Duke Energy from $123.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Jefferies Financial Group lifted their price target on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Barclays upped their price target on Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $123.87.

Duke Energy Company 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.