Bank of Hawaii Sells 929 Shares of Duke Energy Co. (NYSE:DUK)

Bank of Hawaii lessened its stake in shares of Duke Energy Co. (NYSE:DUK) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,959 shares of the utilities provider’s stock after selling 929 shares during the period. Bank of Hawaii’s holdings in Duke Energy were worth $858,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DUK. Vanguard Group Inc. lifted its position in shares of Duke Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock worth $7,852,731,000 after acquiring an additional 779,054 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Duke Energy by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider’s stock worth $1,949,857,000 after acquiring an additional 124,863 shares during the period. Geode Capital Management LLC raised its holdings in shares of Duke Energy by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider’s stock worth $1,930,833,000 after buying an additional 385,612 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Duke Energy by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider’s stock worth $922,529,000 after buying an additional 135,665 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in Duke Energy by 2.9% during the 4th quarter. Federated Hermes Inc. now owns 3,205,479 shares of the utilities provider’s stock valued at $345,358,000 after purchasing an additional 90,552 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

DUK opened at $116.40 on Thursday. The business’s 50-day moving average price is $116.78 and its two-hundred day moving average price is $113.88. Duke Energy Co. has a 1 year low of $92.75 and a 1 year high of $125.27. The company has a market capitalization of $90.45 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.79 and a beta of 0.39. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Equities analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DUK. Scotiabank raised their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. UBS Group increased their price objective on Duke Energy from $123.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley increased their price objective 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. BMO Capital Markets raised their price target on Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Finally, Barclays raised their price target on Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seven investment 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 has a consensus rating of “Moderate Buy” and an average target price of $124.20.

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.