First County Bank CT Has $1.65 Million Stock Position in Duke Energy Co. (NYSE:DUK)

First County Bank CT cut its holdings in Duke Energy Co. (NYSE:DUK) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,330 shares of the utilities provider’s stock after selling 1,920 shares during the period. Duke Energy comprises approximately 0.9% of First County Bank CT’s investment portfolio, making the stock its 26th biggest holding. First County Bank CT’s holdings in Duke Energy were worth $1,652,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DUK. Private Advisor Group LLC increased its holdings in Duke Energy by 2.8% during the second quarter. Private Advisor Group LLC now owns 75,097 shares of the utilities provider’s stock worth $7,527,000 after buying an additional 2,052 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Duke Energy by 501.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 98,136 shares of the utilities provider’s stock valued at $9,836,000 after purchasing an additional 81,825 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Duke Energy during the second quarter worth approximately $103,000. Chris Bulman Inc bought a new stake in Duke Energy in the 2nd quarter valued at $80,000. Finally, Acadian Asset Management LLC bought a new position in Duke Energy during the second quarter worth $2,586,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DUK shares. Barclays raised their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Jefferies Financial Group began coverage on Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Scotiabank increased their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets upped their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Six research 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, Duke Energy has an average rating of “Moderate Buy” and an average price target of $122.23.

Duke Energy Price Performance

Shares of DUK traded up $0.45 during trading hours on Tuesday, reaching $106.82. The stock had a trading volume of 1,471,430 shares, compared to its average volume of 2,731,002. The stock has a market capitalization of $82.52 billion, a PE ratio of 19.64, a PEG ratio of 2.90 and a beta of 0.49. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The company’s 50-day moving average is $111.54 and its two-hundred day moving average is $111.59.

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

Duke Energy Company 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.