Bath Savings Trust Co Sells 132 Shares of Duke Energy Co. (NYSE:DUK)

Bath Savings Trust Co lessened its holdings in shares of Duke Energy Co. (NYSE:DUKFree Report) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,262 shares of the utilities provider’s stock after selling 132 shares during the quarter. Bath Savings Trust Co’s holdings in Duke Energy were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new stake in shares of Duke Energy during the 2nd quarter valued at $103,000. Acadian Asset Management LLC bought a new stake in Duke Energy during the second quarter worth about $2,586,000. Caprock Group LLC increased its holdings in Duke Energy by 94.8% in the 2nd quarter. Caprock Group LLC now owns 8,422 shares of the utilities provider’s stock valued at $844,000 after buying an additional 4,098 shares during the period. Ballentine Partners LLC raised its position in shares of Duke Energy by 13.7% in the 2nd quarter. Ballentine Partners LLC now owns 8,274 shares of the utilities provider’s stock valued at $829,000 after buying an additional 996 shares in the last quarter. Finally, First Foundation Advisors lifted its holdings in shares of Duke Energy by 62.7% during the 2nd quarter. First Foundation Advisors now owns 1,884 shares of the utilities provider’s stock worth $189,000 after acquiring an additional 726 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

DUK stock opened at $106.67 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. The company has a market capitalization of $82.40 billion, a P/E ratio of 19.61, a PEG ratio of 2.90 and a beta of 0.49. The company has a fifty day moving average price of $111.39 and a 200-day moving average price of $111.64.

Duke Energy (NYSE:DUKGet Free Report) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts expect that Duke Energy Co. will post 5.95 EPS for the current year.

Analysts Set New Price Targets

DUK has been the topic of a number of recent analyst reports. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target for the company. Scotiabank upped their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Barclays raised their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.23.

Check Out Our Latest Analysis on DUK

Duke Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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