Beacon Investment Advisors LLC Buys 395 Shares of Duke Energy Co. (NYSE:DUK)

Beacon Investment Advisors LLC lifted its position in Duke Energy Co. (NYSE:DUK) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,181 shares of the utilities provider’s stock after buying an additional 395 shares during the period. Beacon Investment Advisors LLC’s holdings in Duke Energy were worth $343,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DUK. Parkworth Wealth Management Inc. purchased a new position in Duke Energy during the 4th quarter worth $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth $30,000. Sierra Ocean LLC purchased a new stake in shares of Duke Energy during the fourth quarter valued at $31,000. Rakuten Securities Inc. lifted its holdings in shares of Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 270 shares during the period. Finally, CGC Financial Services LLC lifted its position in 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 purchasing an additional 242 shares during the period. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the topic of a number of recent research reports. UBS Group upped their target price 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 target price on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday, February 21st. Barclays increased their price target on shares of Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, 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 report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.87.

Duke Energy Stock Up 1.1 %

Shares of NYSE DUK opened at $121.65 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The stock has a market cap of $94.52 billion, a P/E ratio of 21.30, a PEG ratio of 2.79 and a beta of 0.39. The business’s fifty day simple moving average is $117.56 and its 200-day simple moving average is $114.07. Duke Energy Co. has a 12-month low of $96.68 and a 12-month high of $125.27.

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

About Duke Energy

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.