Duke Energy Co. (NYSE:DUK) Stock Position Raised by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 17.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 523,387 shares of the utilities provider’s stock after purchasing an additional 77,770 shares during the quarter. Mackenzie Financial Corp’s holdings in Duke Energy were worth $50,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Wellington Management Group LLP grew its position in Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after purchasing an additional 1,002,157 shares during the last quarter. Morgan Stanley grew its position in Duke Energy by 4.9% in the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after purchasing an additional 492,011 shares during the last quarter. Royal Bank of Canada grew its position in Duke Energy by 2.7% in the 2nd quarter. Royal Bank of Canada now owns 9,635,102 shares of the utilities provider’s stock worth $864,652,000 after purchasing an additional 257,665 shares during the last quarter. Northern Trust Corp grew its position in Duke Energy by 1.9% in the 3rd quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock worth $698,923,000 after purchasing an additional 144,612 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in Duke Energy by 100,433.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider’s stock worth $808,123,000 after purchasing an additional 7,838,811 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

NYSE:DUK opened at $92.86 on Wednesday. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.39. The firm’s fifty day simple moving average is $94.02 and its 200 day simple moving average is $93.21. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $71.64 billion, a PE ratio of 26.16, a PEG ratio of 2.50 and a beta of 0.46.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter in the previous year, the business posted $1.11 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the firm’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 in the company, valued at approximately $1,315,697.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DUK shares. Wells Fargo & Company reduced their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. 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 note on Tuesday, January 23rd. Mizuho increased their target price on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Barclays increased their target price on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Bank of America increased their target price on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.17.

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.