Rossby Financial LCC Takes $201,000 Position in Duke Energy Co. (NYSE:DUK)

Rossby Financial LCC acquired a new position in Duke Energy Co. (NYSE:DUK) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,868 shares of the utilities provider’s stock, valued at approximately $201,000.

Several other large investors have also recently added to or reduced their stakes in the business. Parkworth Wealth Management Inc. acquired a new position in shares of Duke Energy during the fourth quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new position in Duke Energy during the 4th quarter valued at about $30,000. Sierra Ocean LLC bought a new stake in shares of Duke Energy during the 4th quarter worth about $31,000. Rakuten Securities Inc. lifted its stake in shares of Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 270 shares during the period. Finally, CGC Financial Services LLC increased its stake in shares of Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 242 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $120.41 on Wednesday. The company’s fifty day moving average is $117.23 and its two-hundred day moving average is $113.97. The company has a market cap of $93.56 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 12-month low of $92.75 and a 12-month high of $125.27. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK) last announced 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%. Equities analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on DUK. JPMorgan Chase & Co. increased their price target on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Morgan Stanley raised their target price on Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. UBS Group upped their price target on shares of Duke Energy from $123.00 to $127.00 and gave the company a “neutral” rating in a report 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 stock a “buy” rating in a research note on Friday, February 21st. Finally, BMO Capital Markets cut their target price on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $123.87.

Duke Energy Company 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.