Duke Energy Co. (NYSE:DUK) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its position in shares of Duke Energy Co. (NYSE:DUK) by 17.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 523,387 shares of the utilities provider’s stock after acquiring an additional 77,770 shares during the quarter. Mackenzie Financial Corp owned about 0.07% of Duke Energy worth $50,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Shepherd Financial Partners LLC lifted its holdings in shares of Duke Energy by 0.5% in the 1st quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock valued at $2,326,000 after buying an additional 94 shares during the period. First Manhattan Co. lifted its holdings in shares of Duke Energy by 0.9% in the 4th quarter. First Manhattan Co. now owns 11,917 shares of the utilities provider’s stock valued at $1,227,000 after buying an additional 107 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of Duke Energy by 0.6% in the 1st quarter. Belpointe Asset Management LLC now owns 19,405 shares of the utilities provider’s stock valued at $1,872,000 after buying an additional 112 shares during the period. Chemung Canal Trust Co. lifted its holdings in shares of Duke Energy by 0.8% in the 4th quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock valued at $1,405,000 after buying an additional 113 shares during the period. Finally, Exencial Wealth Advisors LLC lifted its holdings in shares of Duke Energy by 1.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 10,031 shares of the utilities provider’s stock valued at $1,033,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DUK. KeyCorp boosted their price objective on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Mizuho upped their price target on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Wells Fargo & Company reduced their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Evercore ISI raised 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 report on Tuesday, January 23rd. Finally, Bank of America upped their price target on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and six have issued 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 $101.17.

Duke Energy Trading Down 1.3 %

DUK opened at $92.86 on Wednesday. Duke Energy Co. has a one year low of $83.06 and a one year high of $100.39. The stock has a market capitalization of $71.64 billion, a PE ratio of 26.16, a P/E/G ratio of 2.50 and a beta of 0.46. The business’s 50 day moving average price is $94.02 and its 200 day moving average price is $93.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the company earned $1.11 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities research analysts expect that Duke Energy Co. will post 5.99 EPS for the current year.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction on Monday, February 12th. The stock was 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 $1,315,697.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% 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 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.