Community Bank & Trust Waco Texas Cuts Position in Duke Energy Co. (NYSE:DUK)

Community Bank & Trust Waco Texas trimmed its position in shares of Duke Energy Co. (NYSE:DUK) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,487 shares of the utilities provider’s stock after selling 1,401 shares during the period. Community Bank & Trust Waco Texas’ holdings in Duke Energy were worth $1,560,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DUK. Wellington Management Group LLP boosted its holdings in shares of Duke Energy by 4.6% in the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after acquiring an additional 1,002,157 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Duke Energy by 9,164.0% in the fourth quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock valued at $95,031,000 after acquiring an additional 968,723 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Duke Energy by 242.3% in the fourth quarter. Nordea Investment Management AB now owns 1,044,174 shares of the utilities provider’s stock valued at $101,348,000 after acquiring an additional 739,112 shares during the period. FMR LLC boosted its holdings in shares of Duke Energy by 11.0% in the third quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock valued at $635,952,000 after acquiring an additional 715,069 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in shares of Duke Energy by 273.2% in the third quarter. Adage Capital Partners GP L.L.C. now owns 766,313 shares of the utilities provider’s stock valued at $67,635,000 after acquiring an additional 561,000 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 3,000 shares of the business’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 sale, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DUK shares. Wells Fargo & Company decreased their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Scotiabank cut their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research report on Monday. Mizuho raised their price target on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, KeyCorp increased their price objective on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $100.62.

Duke Energy Price Performance

Shares of DUK traded up $0.44 during mid-day trading on Wednesday, reaching $98.64. The company had a trading volume of 616,858 shares, compared to its average volume of 2,975,283. The company has a market capitalization of $76.10 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.61 and a beta of 0.46. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $100.39. The company’s 50-day moving average is $94.44 and its 200-day moving average is $93.60. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49.

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

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.