Trust Co of the South Has $1.08 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Trust Co of the South reduced its holdings in shares of Duke Energy Co. (NYSE:DUK) by 0.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,047 shares of the utilities provider’s stock after selling 93 shares during the period. Trust Co of the South’s holdings in Duke Energy were worth $1,082,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DUK. Goodman Advisory Group LLC bought a new stake in shares of Duke Energy during the 2nd quarter worth approximately $2,888,000. Hilltop Holdings Inc. grew its position in shares of Duke Energy by 59.2% in the 3rd quarter. Hilltop Holdings Inc. now owns 23,388 shares of the utilities provider’s stock valued at $2,697,000 after acquiring an additional 8,699 shares during the period. Geode Capital Management LLC raised its holdings in shares of Duke Energy by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock valued at $2,016,846,000 after purchasing an additional 442,302 shares during the period. Commerce Bank lifted its stake in Duke Energy by 5.9% in the 3rd quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock valued at $31,041,000 after purchasing an additional 15,069 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Duke Energy by 1,258.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 49,341 shares of the utilities provider’s stock worth $5,689,000 after purchasing an additional 45,708 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE DUK traded down $0.10 during midday trading on Thursday, reaching $107.64. 937,409 shares of the company were exchanged, compared to its average volume of 3,079,736. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The stock has a market cap of $83.15 billion, a P/E ratio of 19.79, a PEG ratio of 2.90 and a beta of 0.47. The stock’s 50-day moving average price is $112.17 and its 200-day moving average price is $111.36.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 earnings per share. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Friday, November 15th. Duke Energy’s dividend payout ratio is currently 76.84%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Scotiabank lifted their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Barclays lifted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Morgan Stanley cut their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

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.