Peoples Bank KS Raises Stock Holdings in Duke Energy Co. (NYSE:DUK)

Peoples Bank KS increased its holdings in Duke Energy Co. (NYSE:DUK) by 17.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,765 shares of the utilities provider’s stock after buying an additional 416 shares during the period. Peoples Bank KS’s holdings in Duke Energy were worth $298,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Duke Energy by 2.6% in the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after acquiring an additional 442,302 shares in the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Duke Energy by 1.7% during 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 last quarter. Swiss National Bank raised its holdings in Duke Energy by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock valued at $264,111,000 after buying an additional 6,500 shares during the period. Finally, Groupama Asset Managment purchased a new position in Duke Energy during the third quarter worth $2,537,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 0.3 %

NYSE:DUK opened at $106.67 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The company has a 50-day moving average of $111.39 and a 200 day moving average of $111.64. The firm has a market cap of $82.40 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DUK. 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 report on Tuesday, October 1st. BMO Capital Markets boosted their target price on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Scotiabank boosted their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley decreased their target price on 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $122.23.

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.