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

Community Bank & Trust Waco Texas decreased its position in Duke Energy Co. (NYSE:DUK) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,177 shares of the utilities provider’s stock after selling 295 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Duke Energy were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC lifted its stake in Duke Energy by 11.7% in the first quarter. Empowered Funds LLC now owns 13,524 shares of the utilities provider’s stock worth $1,308,000 after purchasing an additional 1,420 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Duke Energy by 12.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 935,539 shares of the utilities provider’s stock valued at $90,251,000 after acquiring an additional 100,496 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Duke Energy by 17.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 908,285 shares of the utilities provider’s stock worth $87,840,000 after acquiring an additional 137,778 shares during the last quarter. D Orazio & Associates Inc. bought a new stake in Duke Energy during the 1st quarter valued at $204,000. Finally, TBH Global Asset Management LLC increased its position in shares of Duke Energy by 6.8% in the first quarter. TBH Global Asset Management LLC now owns 6,182 shares of the utilities provider’s stock valued at $598,000 after acquiring an additional 392 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $111.89 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 52 week low of $86.61 and a 52 week high of $121.25. The business’s 50-day simple moving average is $115.81 and its two-hundred day simple moving average is $108.97. The stock has a market cap of $86.43 billion, a PE ratio of 20.57, a P/E/G ratio of 3.07 and a beta of 0.47.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the previous year, the business posted $1.94 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.74%. Duke Energy’s payout ratio is currently 76.84%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DUK. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Wells Fargo & Company lifted their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Jefferies Financial Group initiated coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. The Goldman Sachs Group increased their price target on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Scotiabank upped their target price on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

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.