Redwood Park Advisors LLC Purchases New Position in Duke Energy Co. (NYSE:DUK)

Redwood Park Advisors LLC acquired a new position in shares of Duke Energy Co. (NYSE:DUK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 333 shares of the utilities provider’s stock, valued at approximately $36,000.

Other large investors have also modified their holdings of the company. Parkworth Wealth Management Inc. purchased a new position in Duke Energy during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC purchased a new position in shares of Duke Energy during the fourth quarter worth approximately $30,000. Sierra Ocean LLC acquired a new position in shares of Duke Energy in the 4th quarter valued at $31,000. Rakuten Securities Inc. raised its position in Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Finally, CGC Financial Services LLC grew its position in Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

DUK stock opened at $116.80 on Friday. The firm has a 50 day moving average of $116.85 and a 200-day moving average of $113.88. The company has a market cap of $90.76 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.79 and a beta of 0.39. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a 12-month low of $92.75 and a 12-month high of $125.27.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DUK shares. JPMorgan Chase & Co. increased their target price on shares of Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Scotiabank lifted their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. UBS Group upped their price target on Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Jefferies Financial Group lifted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley upped their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and an average target price of $123.87.

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.