Louisiana State Employees Retirement System Buys 1,900 Shares of Duke Energy Co. (NYSE:DUK)


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Louisiana State Employees Retirement System raised its stake in Duke Energy Co. (NYSE:DUK) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,600 shares of the utilities provider’s stock after acquiring an additional 1,900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Duke Energy were worth $4,595,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ausdal Financial Partners Inc. raised its holdings in Duke Energy by 3.4% in the 4th quarter. Ausdal Financial Partners Inc. now owns 3,301 shares of the utilities provider’s stock valued at $302,000 after acquiring an additional 110 shares during the period. St. Johns Investment Management Company LLC increased its holdings in shares of Duke Energy by 54.7% during the fourth quarter. St. Johns Investment Management Company LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 110 shares during the period. FDx Advisors Inc. increased its holdings in shares of Duke Energy by 0.8% during the fourth quarter. FDx Advisors Inc. now owns 15,007 shares of the utilities provider’s stock worth $1,374,000 after purchasing an additional 112 shares during the period. Western Wealth Management LLC increased its holdings in shares of Duke Energy by 2.2% during the fourth quarter. Western Wealth Management LLC now owns 5,347 shares of the utilities provider’s stock worth $490,000 after purchasing an additional 113 shares during the period. Finally, Wiley BROS. Aintree Capital LLC increased its holdings in shares of Duke Energy by 3.0% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 4,010 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 118 shares during the period. 63.48% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on DUK. Morgan Stanley raised their target price on shares of Duke Energy from $99.00 to $101.00 and gave the stock an “equal weight” rating in a report on Thursday, March 25th. Wells Fargo & Company raised their target price on shares of Duke Energy from $97.00 to $104.00 and gave the stock an “equal weight” rating in a report on Wednesday. Bank of America cut shares of Duke Energy from a “buy” rating to a “neutral” rating and set a $94.00 target price on the stock. in a report on Friday, February 12th. The Goldman Sachs Group cut shares of Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 target price on the stock. in a report on Thursday, January 14th. Finally, Credit Suisse Group lifted their price objective on shares of Duke Energy from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Duke Energy has a consensus rating of “Hold” and a consensus target price of $100.60.

Shares of Duke Energy stock opened at $99.75 on Friday. Duke Energy Co. has a fifty-two week low of $77.58 and a fifty-two week high of $99.89. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.52 and a quick ratio of 0.33. The firm has a market capitalization of $76.73 billion, a P/E ratio of 36.54, a P/E/G ratio of 4.88 and a beta of 0.23. The company’s 50 day moving average price is $92.94 and its two-hundred day moving average price is $92.12.

Duke Energy (NYSE:DUK) last issued its earnings results on Wednesday, February 10th. The utilities provider reported $1.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.03. Duke Energy had a net margin of 8.68% and a return on equity of 8.28%. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates of $6.22 billion. On average, analysts expect that Duke Energy Co. will post 5.09 earnings per share for the current year.

In other Duke Energy news, SVP Dwight L. Jacobs sold 1,802 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The shares were sold at an average price of $89.35, for a total value of $161,008.70. Following the sale, the senior vice president now owns 5,794 shares in the company, valued at $517,693.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.

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

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