Iowa State Bank Lowers Holdings in Duke Energy Co. (NYSE:DUK)

Iowa State Bank trimmed its position in Duke Energy Co. (NYSE:DUKFree Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,008 shares of the utilities provider’s stock after selling 348 shares during the period. Iowa State Bank’s holdings in Duke Energy were worth $2,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC lifted its holdings in Duke Energy by 13.9% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after acquiring an additional 344 shares during the period. Catalyst Financial Partners LLC lifted its holdings in Duke Energy by 28.6% in the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 894 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Duke Energy by 4.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after acquiring an additional 1,122 shares during the period. Wagner Wealth Management LLC lifted its holdings in Duke Energy by 3.4% in the fourth quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after acquiring an additional 576 shares during the period. Finally, Adviser Investments LLC acquired a new stake in Duke Energy in the third quarter valued at $304,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DUK. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Wells Fargo & Company dropped their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Bank of America cut Duke Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $105.00 to $96.00 in a research report on Monday, February 12th. Finally, KeyCorp lifted their price objective on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Read Our Latest Stock Report on DUK

Duke Energy Trading Up 0.5 %

Shares of NYSE:DUK traded up $0.48 during trading on Tuesday, reaching $96.55. 2,305,559 shares of the stock were exchanged, compared to its average volume of 3,116,459. 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 Co. has a 12-month low of $83.06 and a 12-month high of $100.39. The firm has a market cap of $74.48 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.58 and a beta of 0.46. The firm’s 50-day moving average price is $94.07 and its 200 day moving average price is $92.97.

Duke Energy (NYSE:DUKGet Free Report) last issued its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter in the previous year, the firm posted $1.11 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, February 16th were given a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a yield of 4.25%. The ex-dividend date was Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is presently 115.49%.

Insider Buying and Selling

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy 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.

Read More

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.