Dakota Community Bank & Trust NA Has $156,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Dakota Community Bank & Trust NA lessened its holdings in Duke Energy Co. (NYSE:DUK) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,445 shares of the utilities provider’s stock after selling 97 shares during the quarter. Dakota Community Bank & Trust NA’s holdings in Duke Energy were worth $156,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted its holdings in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the period. Groupama Asset Managment acquired a new position in Duke Energy during the 3rd quarter worth about $2,537,000. Zimmer Partners LP bought a new stake in shares of Duke Energy in the 3rd quarter valued at about $166,263,000. Assenagon Asset Management S.A. increased its stake in shares of Duke Energy by 155.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock valued at $201,832,000 after buying an additional 1,138,979 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of 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 worth $129,782,000 after acquiring an additional 1,117,526 shares during the period. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DUK has been the subject of a number of recent analyst reports. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley lowered 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. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Barclays lifted their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Scotiabank upped their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $122.23.

Duke Energy Stock Performance

NYSE DUK opened at $109.34 on Friday. The company has a market cap of $84.47 billion, a P/E ratio of 20.10, a PEG ratio of 2.64 and a beta of 0.49. The company has a fifty day simple moving average of $110.55 and a 200 day simple moving average of $111.81. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS 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 business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the previous year, the firm earned $1.94 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts predict that Duke Energy Co. will post 5.94 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.82%. Duke Energy’s payout ratio is 76.84%.

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.