Duke Energy Co. (NYSE:DUK) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Duke Energy Co. (NYSE:DUK) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 32,175 shares of the utilities provider’s stock after acquiring an additional 571 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Duke Energy were worth $3,122,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. CKW Financial Group purchased a new position in Duke Energy in the 3rd quarter worth about $25,000. FSC Wealth Advisors LLC purchased a new position in Duke Energy in the 3rd quarter worth about $29,000. Legacy Financial Group LLC purchased a new position in Duke Energy in the 3rd quarter worth about $45,000. Fortis Group Advisors LLC purchased a new position in Duke Energy in the 3rd quarter worth about $50,000. Finally, GHP Investment Advisors Inc. increased its stake in Duke Energy by 49.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 188 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Up 0.6 %

Shares of Duke Energy stock traded up $0.55 during trading on Thursday, hitting $99.51. 990,956 shares of the stock traded hands, compared to its average volume of 2,975,316. The stock has a market cap of $76.77 billion, a P/E ratio of 27.67, a PEG ratio of 2.61 and a beta of 0.46. 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 Co. has a twelve month low of $83.06 and a twelve month high of $100.13. The company has a fifty day moving average price of $94.59 and a two-hundred day moving average price of $93.63.

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

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of analyst reports. KeyCorp lifted their price target on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. BMO Capital Markets decreased their price objective on Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, Mizuho raised their price objective on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Seven research 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 currently has a consensus rating of “Hold” and an average target price of $100.62.

Insider Buying and Selling

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.