Intrust Bank NA Buys 1,125 Shares of Duke Energy Co. (NYSE:DUK)

Intrust Bank NA increased its stake in shares of Duke Energy Co. (NYSE:DUK) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,852 shares of the utilities provider’s stock after buying an additional 1,125 shares during the quarter. Intrust Bank NA’s holdings in Duke Energy were worth $956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FSC Wealth Advisors LLC purchased a new stake in shares of Duke Energy in the third quarter valued at about $29,000. Legacy Financial Group LLC purchased a new stake in Duke Energy during the third quarter valued at about $45,000. Fortis Group Advisors LLC bought a new stake in Duke Energy during the 3rd quarter valued at $50,000. Bruce G. Allen Investments LLC bought a new position in shares of Duke Energy in the fourth quarter worth $71,000. Finally, PFS Partners LLC grew its position in shares of Duke Energy by 145.0% in the fourth quarter. PFS Partners LLC now owns 735 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 435 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DUK has been the subject of several analyst reports. Scotiabank cut their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. KeyCorp upped their target price on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Bank of America lifted their price target on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy presently has an average rating of “Hold” and a consensus target price of $100.62.

Duke Energy Stock Performance

DUK stock traded down $0.63 on Tuesday, hitting $98.10. The company had a trading volume of 147,243 shares, compared to its average volume of 2,938,406. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $100.13. The stock has a market cap of $75.68 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 2.60 and a beta of 0.46. The stock’s 50-day simple moving average is $94.98 and its 200 day simple moving average is $93.87.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. As a group, equities research analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the sale, the executive vice president now owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

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.