Community Bank & Trust Waco Texas Has $1.92 Million Position in Duke Energy Co. (NYSE:DUK)

Community Bank & Trust Waco Texas raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,796 shares of the utilities provider’s stock after buying an additional 1,619 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Duke Energy were worth $1,917,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Wealthcare Capital Partners LLC acquired a new position in shares of Duke Energy in the 4th quarter valued at approximately $296,000. Stonebridge Financial Group LLC acquired a new position in Duke Energy during the 4th quarter worth approximately $69,000. Summit Trail Advisors LLC boosted its position in Duke Energy by 65.5% during the 4th quarter. Summit Trail Advisors LLC now owns 13,787 shares of the utilities provider’s stock worth $1,485,000 after acquiring an additional 5,458 shares during the last quarter. Principle Wealth Partners LLC boosted its position in Duke Energy by 16.4% during the 4th quarter. Principle Wealth Partners LLC now owns 41,812 shares of the utilities provider’s stock worth $4,505,000 after acquiring an additional 5,898 shares during the last quarter. Finally, International Private Wealth Advisors LLC acquired a new position in Duke Energy during the 4th quarter worth approximately $295,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

NYSE:DUK opened at $115.50 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $89.22 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The stock’s 50-day simple moving average is $109.73 and its 200 day simple moving average is $112.79.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.62%. Duke Energy’s dividend payout ratio is presently 76.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DUK shares. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price objective on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Scotiabank upped their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley dropped their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy 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.