City State Bank Has $239,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

City State Bank increased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 13.6% in the 4th quarter, HoldingsChannel reports. The firm owned 2,217 shares of the utilities provider’s stock after acquiring an additional 266 shares during the period. City State Bank’s holdings in Duke Energy were worth $239,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new stake in Duke Energy during the second quarter worth approximately $2,888,000. CCM Investment Advisers LLC grew its stake in Duke Energy by 24.3% during the fourth quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock worth $9,008,000 after purchasing an additional 16,356 shares during the period. Hilltop Holdings Inc. grew its stake in Duke Energy by 59.2% during the third quarter. Hilltop Holdings Inc. now owns 23,388 shares of the utilities provider’s stock worth $2,697,000 after purchasing an additional 8,699 shares during the period. Geode Capital Management LLC grew its stake in Duke Energy by 2.6% during the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after purchasing an additional 442,302 shares during the period. Finally, Commerce Bank grew its stake in Duke Energy by 5.9% during the third quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock worth $31,041,000 after purchasing an additional 15,069 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $106.29 on Tuesday. The business’s fifty day simple moving average is $110.88 and its 200 day simple moving average is $111.83. The firm has a market capitalization of $82.11 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.88 and a beta of 0.49. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last issued 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). The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 earnings per share. As a group, analysts anticipate that Duke Energy Co. will post 5.95 EPS for the current year.

Duke Energy Announces Dividend

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. This represents a $4.18 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 76.84%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DUK. Scotiabank raised their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Barclays raised their price objective on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Morgan Stanley reduced their price objective on 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. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $122.23.

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.