City State Bank Has $239,000 Position in Duke Energy Co. (NYSE:DUK)

City State Bank increased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 13.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,217 shares of the utilities provider’s stock after acquiring an additional 266 shares during the quarter. City State Bank’s holdings in Duke Energy were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DUK. Pathway Financial Advisers LLC increased its holdings in shares of Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after acquiring an additional 6,719,398 shares during the last quarter. Groupama Asset Managment acquired a new position in Duke Energy in the 3rd quarter valued at $2,537,000. Zimmer Partners LP acquired a new position in Duke Energy in the 3rd quarter valued at $166,263,000. International Assets Investment Management LLC grew its holdings in Duke Energy by 13,829.1% in 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 buying an additional 1,117,526 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after buying an additional 813,744 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DUK has been the topic of a number of research reports. BMO Capital Markets upped their price objective on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Morgan Stanley cut 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. Barclays upped their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Scotiabank upped their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.23.

Duke Energy Price Performance

Shares of DUK stock opened at $106.29 on Tuesday. 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 company has a market cap of $82.11 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.88 and a beta of 0.49. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The business has a fifty day simple moving average of $110.88 and a 200 day simple moving average of $111.83.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.94 earnings per share. On average, sell-side analysts forecast that Duke Energy Co. will post 5.95 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.93%. Duke Energy’s dividend payout ratio is presently 76.84%.

Duke Energy Company 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.