Duke Energy Co. (NYSE:DUK) Shares Bought by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,262 shares of the utilities provider’s stock after acquiring an additional 1,623 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Duke Energy were worth $3,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DUK. Wellington Management Group LLP raised its position in shares of Duke Energy by 4.6% in the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after buying an additional 1,002,157 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Duke Energy by 9,164.0% in the fourth quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock valued at $95,031,000 after buying an additional 968,723 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Duke Energy by 242.3% in the fourth quarter. Nordea Investment Management AB now owns 1,044,174 shares of the utilities provider’s stock valued at $101,348,000 after buying an additional 739,112 shares during the last quarter. FMR LLC raised its position in shares of Duke Energy by 11.0% in the third quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock valued at $635,952,000 after buying an additional 715,069 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in Duke Energy by 273.2% during the third quarter. Adage Capital Partners GP L.L.C. now owns 766,313 shares of the utilities provider’s stock worth $67,635,000 after purchasing an additional 561,000 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of several research analyst reports. Bank of America upped their price target on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. BMO Capital Markets dropped their price target on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Scotiabank dropped their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, Mizuho upped their price target on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Duke Energy currently has a consensus rating of “Hold” and an average target price of $100.62.

Duke Energy Stock Up 0.1 %

Shares of DUK stock traded up $0.07 on Thursday, hitting $99.03. The stock had a trading volume of 2,540,754 shares, compared to its average volume of 2,996,189. The firm has a market capitalization of $76.40 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 2.61 and a beta of 0.46. The stock’s 50 day moving average is $94.73 and its 200-day moving average is $93.67. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $100.13.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. As a group, research analysts expect that Duke Energy Co. will post 5.99 earnings per share for the current year.

Insider Activity

In related news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the sale, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Duke Energy 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.