Cornerstone Capital Inc. Has $2.44 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Cornerstone Capital Inc. lessened its stake in Duke Energy Co. (NYSE:DUK) by 15.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,601 shares of the utilities provider’s stock after selling 4,217 shares during the quarter. Cornerstone Capital Inc.’s holdings in Duke Energy were worth $2,435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB lifted its holdings in Duke Energy by 0.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider’s stock worth $3,378,000 after buying an additional 93 shares during the period. Pallas Capital Advisors LLC lifted its holdings in shares of Duke Energy by 2.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider’s stock valued at $372,000 after buying an additional 95 shares during the period. Intergy Private Wealth LLC lifted its holdings in Duke Energy by 4.8% in the fourth quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider’s stock valued at $228,000 after acquiring an additional 96 shares during the period. V Square Quantitative Management LLC grew its position in Duke Energy by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider’s stock valued at $779,000 after buying an additional 96 shares during the period. Finally, Cravens & Co Advisors LLC grew its holdings in Duke Energy by 3.9% during the fourth quarter. Cravens & Co Advisors LLC now owns 2,624 shares of the utilities provider’s stock valued at $283,000 after purchasing an additional 98 shares during the period. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DUK. Guggenheim lifted their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Morgan Stanley lifted their price target on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. boosted their target price on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Jefferies Financial Group boosted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report 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 report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.87.

Duke Energy Stock Up 1.1 %

DUK stock opened at $121.65 on Friday. 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 business’s 50 day simple moving average is $117.56 and its 200 day simple moving average is $114.09. Duke Energy Co. has a 1-year low of $95.98 and a 1-year high of $125.27. The firm has a market capitalization of $94.52 billion, a PE ratio of 21.30, a PEG ratio of 2.79 and a beta of 0.39.

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

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.