Sumitomo Mitsui DS Asset Management Company Ltd Purchases 779 Shares of Duke Energy Co. (NYSE:DUK)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Duke Energy Co. (NYSE:DUKFree Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,518 shares of the utilities provider’s stock after purchasing an additional 779 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Duke Energy were worth $8,493,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of Duke Energy by 100,433.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider’s stock worth $808,123,000 after acquiring an additional 7,838,811 shares during the last quarter. Imprint Wealth LLC increased its holdings in shares of Duke Energy by 8,722.3% in the second quarter. Imprint Wealth LLC now owns 1,127,837 shares of the utilities provider’s stock worth $112,784,000 after buying an additional 1,115,053 shares during the period. Morgan Stanley lifted its stake in shares of Duke Energy by 11.5% in the 4th quarter. Morgan Stanley now owns 10,018,171 shares of the utilities provider’s stock valued at $1,031,772,000 after acquiring an additional 1,037,012 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Duke Energy by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after acquiring an additional 1,002,157 shares during the period. Finally, International Assets Investment Management LLC grew its position in Duke Energy by 9,164.0% during the 4th quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock worth $95,031,000 after acquiring an additional 968,723 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

Duke Energy Stock Up 2.4 %

Duke Energy stock opened at $98.24 on Monday. The firm has a market cap of $75.79 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 2.61 and a beta of 0.46. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.39. The stock has a fifty day simple moving average of $94.20 and a two-hundred day simple moving average of $93.43.

Duke Energy (NYSE:DUKGet Free Report) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the prior year, the company posted $1.11 EPS. Duke Energy’s revenue was down 1.9% on a year-over-year basis. Equities analysts predict that Duke Energy Co. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DUK shares. KeyCorp increased their price objective on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Mizuho upped their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Barclays increased their target price on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $101.17.

Read Our Latest Report on DUK

Duke Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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