NBT Bank N A NY Acquires 281 Shares of Duke Energy Co. (NYSE:DUK)

NBT Bank N A NY increased its holdings in Duke Energy Co. (NYSE:DUK) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,253 shares of the utilities provider’s stock after purchasing an additional 281 shares during the quarter. NBT Bank N A NY’s holdings in Duke Energy were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bailard Inc. grew its stake in shares of Duke Energy by 10.9% in the fourth quarter. Bailard Inc. now owns 31,921 shares of the utilities provider’s stock worth $3,439,000 after purchasing an additional 3,139 shares during the last quarter. KMG Fiduciary Partners LLC boosted its position in Duke Energy by 5.5% during the 4th quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock valued at $5,613,000 after acquiring an additional 2,705 shares in the last quarter. First Business Financial Services Inc. bought a new stake in Duke Energy during the 4th quarter valued at approximately $384,000. Pines Wealth Management LLC bought a new stake in Duke Energy during the 4th quarter valued at approximately $1,032,000. Finally, CCM Investment Advisers LLC boosted its position in Duke Energy by 24.3% during the 4th quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock valued at $9,008,000 after acquiring an additional 16,356 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Scotiabank lifted their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price objective on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, February 21st. BMO Capital Markets lifted their price objective on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Guggenheim lifted their price objective on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley lowered their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus target price of $122.57.

Duke Energy Price Performance

Shares of NYSE DUK opened at $118.46 on Tuesday. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $121.25. The firm has a market cap of $91.98 billion, a P/E ratio of 20.75, a PEG ratio of 2.79 and a beta of 0.48. The company has a 50 day moving average of $112.02 and a 200 day moving average of $113.30. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. As a group, research analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business 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 3.53%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 73.20%.

About Duke Energy

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.