Duke Energy Co. (NYSE:DUK) Shares Sold by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas lessened its holdings in Duke Energy Co. (NYSE:DUK) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,177 shares of the utilities provider’s stock after selling 295 shares during the period. Community Bank & Trust Waco Texas’ holdings in Duke Energy were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its holdings in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 119 shares in the last quarter. Olistico Wealth LLC acquired a new stake in shares of Duke Energy during the 2nd quarter worth about $30,000. Northwest Investment Counselors LLC purchased a new position in shares of Duke Energy during the third quarter worth $30,000. Cedar Wealth Management LLC increased its stake in Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 169 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Duke Energy in the first quarter worth $36,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $111.89 on Wednesday. Duke Energy Co. has a 12 month low of $86.61 and a 12 month high of $121.25. The stock has a market cap of $86.43 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 3.07 and a beta of 0.47. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The business has a fifty day simple moving average of $115.81 and a 200-day simple moving average of $108.97.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) 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%. Duke Energy’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

Analyst Ratings Changes

A number of analysts have issued reports on DUK shares. Barclays lifted their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. The Goldman Sachs Group lifted their price target on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets raised their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Morgan Stanley upped their target price on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group assumed coverage on shares of Duke Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.85.

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.