Peoples Bank KS Boosts Stock Position in Duke Energy Co. (NYSE:DUK)

Peoples Bank KS raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,765 shares of the utilities provider’s stock after buying an additional 416 shares during the quarter. Peoples Bank KS’s holdings in Duke Energy were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Pathway Financial Advisers LLC lifted its position in 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 valued at $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. Groupama Asset Managment purchased a new stake in shares of Duke Energy during the third quarter valued at $2,537,000. Zimmer Partners LP bought a new stake in Duke Energy in the 3rd quarter worth about $166,263,000. International Assets Investment Management LLC lifted its stake in Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after acquiring an additional 1,117,526 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DUK shares. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley dropped their price target 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. Scotiabank increased their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Barclays boosted their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, BMO Capital Markets raised their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $122.23.

Duke Energy Trading Up 0.3 %

Shares of Duke Energy stock opened at $106.67 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The company has a fifty day moving average of $111.39 and a 200 day moving average of $111.64. The company has a market capitalization of $82.40 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.90 and a beta of 0.49. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week 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 (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same period last year, the business posted $1.94 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

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.