Community Bank & Trust Waco Texas Decreases Stock Holdings in Duke Energy Co. (NYSE:DUK)

Community Bank & Trust Waco Texas trimmed its stake in shares of Duke Energy Co. (NYSE:DUK) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,487 shares of the utilities provider’s stock after selling 1,401 shares during the period. Community Bank & Trust Waco Texas’ holdings in Duke Energy were worth $1,560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Sugarloaf Wealth Management LLC increased its holdings in Duke Energy by 13.9% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after buying an additional 344 shares during the last quarter. Catalyst Financial Partners LLC increased its holdings in Duke Energy by 28.6% during the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock valued at $355,000 after buying an additional 894 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Duke Energy by 4.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after buying an additional 1,122 shares during the last quarter. Wagner Wealth Management LLC increased its holdings in Duke Energy by 3.4% during the fourth quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after buying an additional 576 shares during the last quarter. Finally, ORG Partners LLC increased its holdings in Duke Energy by 31.2% during the fourth quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock valued at $126,000 after buying an additional 309 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DUK shares. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Barclays upped their price target on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. BMO Capital Markets dropped their target price on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. KeyCorp upped their target price on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Finally, Scotiabank lowered their price objective on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $100.62.

Duke Energy Price Performance

Shares of DUK stock traded up $0.44 during trading hours on Wednesday, hitting $98.64. 616,858 shares of the company’s stock were exchanged, compared to its average volume of 2,975,283. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. The firm has a market cap of $76.10 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.61 and a beta of 0.46. The firm has a 50 day moving average of $94.44 and a two-hundred day moving average of $93.60. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.39.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period in the previous year, the company earned $1.11 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts forecast that Duke Energy Co. will post 5.99 EPS for the current year.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the sale, the executive vice president now directly owns 14,213 shares in the company, valued at approximately $1,315,697.41. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

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.