Community Bank N.A. Has $148,000 Position in Duke Energy Co. (NYSE:DUK)

Community Bank N.A. reduced its position in shares of Duke Energy Co. (NYSE:DUK) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,525 shares of the utilities provider’s stock after selling 195 shares during the quarter. Community Bank N.A.’s holdings in Duke Energy were worth $148,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DUK. CKW Financial Group purchased a new position in shares of Duke Energy during the 3rd quarter valued at $25,000. FSC Wealth Advisors LLC purchased a new position in shares of Duke Energy during the 3rd quarter valued at $29,000. Legacy Financial Group LLC purchased a new position in shares of Duke Energy during the 3rd quarter valued at $45,000. Fortis Group Advisors LLC purchased a new position in shares of Duke Energy during the 3rd quarter valued at $50,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Duke Energy by 49.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 188 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

NYSE:DUK traded up $0.09 during mid-day trading on Thursday, hitting $99.05. The company’s stock had a trading volume of 1,272,946 shares, compared to its average volume of 2,979,432. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.13. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $76.41 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 2.61 and a beta of 0.46. The stock has a fifty day moving average of $94.59 and a 200-day moving average of $93.63.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS. As a group, equities analysts forecast that Duke Energy Co. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DUK. Mizuho upped their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Wells Fargo & Company decreased their price objective on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. BMO Capital Markets decreased their price target on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Barclays upped their price target on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $100.62.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the sale, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

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.