Bank & Trust Co Has $2.73 Million Position in Duke Energy Co. (NYSE:DUK)

Bank & Trust Co lowered its holdings in Duke Energy Co. (NYSE:DUK) by 0.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,674 shares of the utilities provider’s stock after selling 105 shares during the quarter. Duke Energy accounts for about 2.2% of Bank & Trust Co’s investment portfolio, making the stock its 8th largest position. Bank & Trust Co’s holdings in Duke Energy were worth $2,730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Duke Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock worth $6,835,047,000 after purchasing an additional 324,289 shares during the last quarter. Capital Research Global Investors lifted its position in Duke Energy by 3.2% during the 1st quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after buying an additional 352,320 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Duke Energy by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after purchasing an additional 40,243 shares during the period. Mackenzie Financial Corp grew its stake in Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after buying an additional 813,744 shares during the last quarter. Finally, Capital Wealth Planning LLC grew its stake in shares of Duke Energy by 1.6% in the first quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock valued at $190,845,000 after acquiring an additional 31,309 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the transaction, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Duke Energy Stock Up 1.4 %

NYSE:DUK traded up $1.52 on Thursday, hitting $112.84. The stock had a trading volume of 1,597,406 shares, compared to its average volume of 3,012,552. The company has a market cap of $87.09 billion, a PE ratio of 27.98, a P/E/G ratio of 3.22 and a beta of 0.46. Duke Energy Co. has a 52 week low of $85.79 and a 52 week high of $118.31. The business’s fifty day moving average is $114.37 and its 200 day moving average is $105.69. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is 105.03%.

Analysts Set New Price Targets

DUK has been the topic of a number of analyst reports. KeyCorp increased their price objective on shares of Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Jefferies Financial Group began coverage on Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price on the stock. Evercore ISI boosted their price target on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. BMO Capital Markets raised their price objective on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company increased their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $120.15.

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.