Peoples Bank KS Has $271,000 Stake in Duke Energy Co. (NYSE:DUK)

Peoples Bank KS lessened its holdings in shares of Duke Energy Co. (NYSE:DUK) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,349 shares of the utilities provider’s stock after selling 125 shares during the period. Peoples Bank KS’s holdings in Duke Energy were worth $271,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy during the first quarter worth about $25,000. Fortitude Family Office LLC lifted its position in Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after buying an additional 119 shares in the last quarter. Olistico Wealth LLC bought a new position in shares of Duke Energy in the 2nd quarter valued at about $30,000. Riverview Trust Co acquired a new stake in Duke Energy during the 1st quarter valued at $30,000. Finally, Sachetta LLC increased its holdings in shares of Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 96 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DUK has been the topic of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Jefferies Financial Group initiated coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price on the stock. The Goldman Sachs Group lifted their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. JPMorgan Chase & Co. raised their price objective on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Scotiabank raised their price target on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.21.

Duke Energy Stock Down 1.5 %

Shares of DUK traded down $1.71 during trading hours on Friday, reaching $114.05. The stock had a trading volume of 3,512,784 shares, compared to its average volume of 2,992,161. The company has a market capitalization of $88.02 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 3.22 and a beta of 0.46. The firm has a 50-day simple moving average of $114.16 and a 200 day simple moving average of $105.16. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $118.31.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were issued a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.18 annualized dividend and a yield of 3.67%. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. Duke Energy’s dividend payout ratio is 105.03%.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the sale, the executive vice president now owns 19,884 shares in the company, valued at $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

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.