First County Bank CT Has $1.65 Million Position in Duke Energy Co. (NYSE:DUK)

First County Bank CT decreased its position in Duke Energy Co. (NYSE:DUK) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,330 shares of the utilities provider’s stock after selling 1,920 shares during the quarter. Duke Energy accounts for approximately 0.9% of First County Bank CT’s holdings, making the stock its 26th biggest holding. First County Bank CT’s holdings in Duke Energy were worth $1,652,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. PBMares Wealth Management LLC grew its holdings in shares of Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after purchasing an additional 86 shares during the last quarter. Pinnacle West Asset Management Inc. increased its position in Duke Energy by 2.1% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 90 shares in the last quarter. Castleview Partners LLC raised its stake in shares of Duke Energy by 4.9% in the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 90 shares during the last quarter. Kanawha Capital Management LLC grew its stake in shares of Duke Energy by 1.4% during the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 92 shares during the last quarter. Finally, Baron Wealth Management LLC increased its holdings in shares of Duke Energy by 3.5% in the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 92 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of recent research reports. Jefferies Financial Group assumed coverage on Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective on the stock. 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. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Morgan Stanley dropped their price target 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. Finally, Scotiabank lifted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $122.23.

Duke Energy Trading Up 0.4 %

DUK stock traded up $0.45 during midday trading on Tuesday, hitting $106.82. 1,471,430 shares of the company’s stock were exchanged, compared to its average volume of 2,731,002. Duke Energy Co. has a one year low of $90.09 and a one year 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 has a market cap of $82.52 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49. The stock’s fifty day moving average price is $111.54 and its 200-day moving average price is $111.59.

Duke Energy (NYSE:DUK) last released its quarterly earnings data 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). The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 EPS. Research analysts predict that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

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.