Iowa State Bank Sells 499 Shares of Duke Energy Co. (NYSE:DUK)

Iowa State Bank lowered its stake in Duke Energy Co. (NYSE:DUK) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,231 shares of the utilities provider’s stock after selling 499 shares during the quarter. Iowa State Bank’s holdings in Duke Energy were worth $2,611,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Pathway Financial Advisers LLC raised its position in Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after buying an additional 6,719,398 shares during the last quarter. Groupama Asset Managment acquired a new stake in shares of Duke Energy in the third quarter valued at approximately $2,537,000. Zimmer Partners LP acquired a new position in Duke Energy during the third quarter worth $166,263,000. International Assets Investment Management LLC grew its position in Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after purchasing an additional 1,117,526 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of DUK traded down $0.96 during trading hours on Monday, reaching $106.82. The stock had a trading volume of 1,318,665 shares, compared to its average volume of 2,139,131. The stock has a market capitalization of $82.52 billion, a PE ratio of 19.64, a PEG ratio of 2.90 and a beta of 0.49. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The company’s 50-day moving average is $111.76 and its two-hundred day moving average is $111.55.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts expect that Duke Energy Co. will post 5.95 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DUK. Barclays raised their price objective on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Scotiabank boosted their price target on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley decreased their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets upped their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $122.23.

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.