Duke Energy Co. (NYSE:DUK) Shares Bought by Intrust Bank NA

Intrust Bank NA increased its holdings in Duke Energy Co. (NYSE:DUK) by 12.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,852 shares of the utilities provider’s stock after buying an additional 1,125 shares during the period. Intrust Bank NA’s holdings in Duke Energy were worth $956,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Sugarloaf Wealth Management LLC boosted its stake in shares of Duke Energy by 13.9% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after acquiring an additional 344 shares during the last quarter. Catalyst Financial Partners LLC increased its stake in Duke Energy by 28.6% in the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 894 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Duke Energy by 4.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after buying an additional 1,122 shares during the last quarter. Wagner Wealth Management LLC grew its holdings in Duke Energy by 3.4% in the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after buying an additional 576 shares during the period. Finally, ORG Partners LLC lifted its holdings in shares of Duke Energy by 31.2% during the 4th quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 309 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Scotiabank cut their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. BMO Capital Markets reduced their price objective on Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, KeyCorp upped their price target on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy currently has a consensus rating of “Hold” and an average price target of $100.62.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Duke Energy Price Performance

Duke Energy stock traded down $0.63 during mid-day trading on Tuesday, hitting $98.10. The company’s stock had a trading volume of 147,243 shares, compared to its average volume of 2,938,406. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $100.13. The stock’s fifty day moving average price is $94.98 and its two-hundred day moving average price is $93.87. The stock has a market capitalization of $75.68 billion, a P/E ratio of 27.80, a P/E/G ratio of 2.60 and a beta of 0.46. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 EPS. Research analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current year.

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.