Trustcore Financial Services LLC bought a new position in shares of Duke Energy Corp (NYSE:DUK) in the fourth quarter, HoldingsChannel.com reports. The fund bought 7,492 shares of the utilities provider’s stock, valued at approximately $630,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of DUK. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Duke Energy during the third quarter worth $112,000. Shamrock Asset Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth $115,000. Global Trust Asset Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth $115,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Duke Energy during the third quarter worth $131,000. Finally, Acropolis Investment Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth $131,000. 57.18% of the stock is owned by institutional investors.
Duke Energy Corp (NYSE DUK) opened at $76.70 on Monday. Duke Energy Corp has a 12-month low of $72.93 and a 12-month high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The stock has a market capitalization of $53,688.13, a PE ratio of 25.31, a price-to-earnings-growth ratio of 3.99 and a beta of 0.12.
A number of research firms have recently weighed in on DUK. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Morgan Stanley dropped their target price on Duke Energy from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th. SunTrust Banks set a $79.00 price target on Duke Energy and gave the stock a “hold” rating in a research report on Monday, February 12th. UBS Group initiated coverage on Duke Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $91.00 price target on the stock. Finally, Royal Bank of Canada restated a “buy” rating and issued a $91.00 price target on shares of Duke Energy in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $87.18.
Duke Energy Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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