Bank & Trust Co Has $2.51 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Bank & Trust Co reduced its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,248 shares of the utilities provider’s stock after selling 426 shares during the quarter. Duke Energy makes up approximately 2.1% of Bank & Trust Co’s holdings, making the stock its 10th biggest position. Bank & Trust Co’s holdings in Duke Energy were worth $2,505,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DUK. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy in the 3rd quarter valued at about $30,000. Sachetta LLC grew its holdings in Duke Energy by 41.9% during the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 96 shares during the period. Reston Wealth Management LLC bought a new stake in Duke Energy in the third quarter valued at approximately $38,000. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Duke Energy by 100.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 167 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Up 0.6 %

NYSE:DUK traded up $0.61 during trading hours on Tuesday, reaching $106.98. The company had a trading volume of 910,500 shares, compared to its average volume of 2,582,012. The firm has a market cap of $82.64 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 2.90 and a beta of 0.49. The business’s 50-day simple moving average is $111.54 and its two-hundred day simple moving average is $111.59. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the company earned $1.94 earnings per share. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Duke Energy Co. will post 5.95 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays lifted 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. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group began coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price on the stock. Morgan Stanley lowered their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.