Webster Bank N. A. Purchases 195 Shares of Duke Energy Co. (NYSE:DUK)

Webster Bank N. A. boosted its stake in Duke Energy Co. (NYSE:DUKFree Report) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,175 shares of the utilities provider’s stock after purchasing an additional 195 shares during the quarter. Webster Bank N. A.’s holdings in Duke Energy were worth $114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Shepherd Financial Partners LLC increased its holdings in shares of Duke Energy by 0.5% in the first quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock worth $2,326,000 after buying an additional 94 shares during the period. First Manhattan Co. boosted its position in Duke Energy by 0.9% in the fourth quarter. First Manhattan Co. now owns 11,917 shares of the utilities provider’s stock worth $1,227,000 after purchasing an additional 107 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in Duke Energy by 0.6% in the 1st quarter. Belpointe Asset Management LLC now owns 19,405 shares of the utilities provider’s stock worth $1,872,000 after purchasing an additional 112 shares during the period. Chemung Canal Trust Co. lifted its holdings in Duke Energy by 0.8% during the fourth quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock valued at $1,405,000 after purchasing an additional 113 shares in the last quarter. Finally, Exencial Wealth Advisors LLC grew its stake in Duke Energy by 1.1% during the fourth quarter. Exencial Wealth Advisors LLC now owns 10,031 shares of the utilities provider’s stock valued at $1,033,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Duke Energy Trading Up 0.5 %

Shares of DUK stock opened at $96.55 on Wednesday. The stock has a market capitalization of $74.48 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 2.57 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 fifty-two week low of $83.06 and a fifty-two week high of $100.39. The company has a 50 day moving average price of $94.09 and a 200 day moving average price of $92.98.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 earnings per share. Equities research analysts predict that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 16th were issued a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Thursday, February 15th. Duke Energy’s payout ratio is 115.49%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DUK. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. KeyCorp lifted their price objective on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. BMO Capital Markets reduced their price target on Duke Energy from $101.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $96.00 in a report on Monday, February 12th. Finally, Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Get Our Latest Stock Report on DUK

Duke Energy 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.

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

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