Crews Bank & Trust Purchases Shares of 4,868 Duke Energy Co. (NYSE:DUK)

Crews Bank & Trust acquired a new position in shares of Duke Energy Co. (NYSE:DUKFree Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 4,868 shares of the utilities provider’s stock, valued at approximately $524,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Capital Investment Advisory Services LLC increased its holdings in shares of Duke Energy by 4.2% during the 4th quarter. Capital Investment Advisory Services LLC now owns 77,656 shares of the utilities provider’s stock worth $8,367,000 after buying an additional 3,136 shares during the last quarter. OLD National Bancorp IN boosted its position in Duke Energy by 3.1% during the 4th quarter. OLD National Bancorp IN now owns 10,650 shares of the utilities provider’s stock worth $1,147,000 after purchasing an additional 324 shares during the period. Baron Wealth Management LLC boosted its position in Duke Energy by 4.8% during the 4th quarter. Baron Wealth Management LLC now owns 2,862 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 132 shares during the period. Strategic Planning Group LLC boosted its position in Duke Energy by 4.2% during the 4th quarter. Strategic Planning Group LLC now owns 37,793 shares of the utilities provider’s stock worth $4,072,000 after purchasing an additional 1,530 shares during the period. Finally, Invesco LLC boosted its position in Duke Energy by 3.8% during the 4th quarter. Invesco LLC now owns 4,565 shares of the utilities provider’s stock worth $492,000 after purchasing an additional 169 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $112.28 on Friday. 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 firm’s 50-day moving average price is $110.14 and its two-hundred day moving average price is $112.45. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. The stock has a market capitalization of $86.73 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.71 and a beta of 0.49.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly 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). 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%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.94 EPS. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.92 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.72%. Duke Energy’s dividend payout ratio is presently 76.84%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DUK. Morgan Stanley decreased their price target on shares of 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. Scotiabank upped their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Finally, KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.23.

Check Out Our Latest Analysis on Duke Energy

Duke Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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