Heritage Trust Co Sells 389 Shares of Duke Energy Co. (NYSE:DUK)

Heritage Trust Co decreased its stake in shares of Duke Energy Co. (NYSE:DUKFree Report) by 3.0% during the third quarter, Holdings Channel reports. The firm owned 12,446 shares of the utilities provider’s stock after selling 389 shares during the quarter. Heritage Trust Co’s holdings in Duke Energy were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fairfield Bush & CO. purchased a new stake in Duke Energy during the first quarter valued at approximately $40,000. Cibc World Market Inc. raised its holdings in Duke Energy by 1.2% in the 1st quarter. Cibc World Market Inc. now owns 47,250 shares of the utilities provider’s stock worth $5,276,000 after purchasing an additional 581 shares during the period. Sequoia Financial Advisors LLC lifted its position in Duke Energy by 29.5% during the first quarter. Sequoia Financial Advisors LLC now owns 9,751 shares of the utilities provider’s stock valued at $1,089,000 after purchasing an additional 2,223 shares in the last quarter. Covestor Ltd grew its holdings in Duke Energy by 447.8% during the first quarter. Covestor Ltd now owns 1,260 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 1,030 shares during the period. Finally, Mather Group LLC. raised its stake in shares of Duke Energy by 5.2% in the first quarter. Mather Group LLC. now owns 6,505 shares of the utilities provider’s stock worth $726,000 after buying an additional 322 shares during the period. Hedge funds and other institutional investors own 63.68% of the company’s stock.

Duke Energy Price Performance

DUK stock opened at $96.22 on Monday. The company has a fifty day simple moving average of $96.06 and a two-hundred day simple moving average of $92.34. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $101.91. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $74.16 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 2.54 and a beta of 0.48.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.92 by $0.02. Duke Energy had a return on equity of 8.24% and a net margin of 4.47%. The company had revenue of $7.99 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same quarter last year, the business posted $1.78 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Analysts anticipate that Duke Energy Co. will post 5.59 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 16th will be issued a dividend of $1.025 per share. The ex-dividend date is Thursday, February 15th. This represents a $4.10 annualized dividend and a yield of 4.26%. Duke Energy’s payout ratio is presently 261.15%.

Analysts Set New Price Targets

DUK has been the subject of several analyst reports. Wells Fargo & Company raised shares of Duke Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $94.00 to $103.00 in a report on Thursday, November 30th. Bank of America decreased their price objective on shares of Duke Energy from $104.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Morgan Stanley increased their price target on Duke Energy from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 21st. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, StockNews.com upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $100.67.

Check Out Our Latest Stock Report on Duke Energy

Duke Energy Company Profile

(Free Report)

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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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