Community Bank N.A. Reduces Stock Position in Duke Energy Co. (NYSE:DUK)

Community Bank N.A. lowered its position in Duke Energy Co. (NYSE:DUK) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,525 shares of the utilities provider’s stock after selling 195 shares during the quarter. Community Bank N.A.’s holdings in Duke Energy were worth $148,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CKW Financial Group bought a new position in Duke Energy in the third quarter valued at $25,000. FSC Wealth Advisors LLC bought a new position in Duke Energy in the third quarter valued at $29,000. Legacy Financial Group LLC bought a new position in Duke Energy in the third quarter valued at $45,000. Fortis Group Advisors LLC bought a new position in Duke Energy in the third quarter valued at $50,000. Finally, GHP Investment Advisors Inc. increased its stake in Duke Energy by 49.1% in the third quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 188 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.1 %

Shares of DUK traded up $0.09 on Thursday, hitting $99.05. 1,272,946 shares of the stock traded hands, compared to its average volume of 2,979,432. Duke Energy Co. has a one year low of $83.06 and a one year high of $100.13. The company has a market capitalization of $76.41 billion, a PE ratio of 27.67, a P/E/G ratio of 2.61 and a beta of 0.46. The business has a 50 day simple moving average of $94.59 and a 200 day simple moving average of $93.63. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter in the previous year, the firm earned $1.11 earnings per share. Duke Energy’s revenue was down 1.9% on a year-over-year basis. As a group, equities analysts forecast that Duke Energy Co. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on DUK. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Wells Fargo & Company reduced their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Mizuho increased their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. 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 report on Tuesday, April 16th. Finally, Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Duke Energy has an average rating of “Hold” and an average target price of $100.62.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction 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 is available through this link. 0.10% 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.