Duke Energy Co. (NYSE:DUK) Shares Sold by Farmers Trust Co.

Farmers Trust Co. decreased its holdings in Duke Energy Co. (NYSE:DUK) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,794 shares of the utilities provider’s stock after selling 874 shares during the period. Farmers Trust Co.’s holdings in Duke Energy were worth $5,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new position in shares of Duke Energy in the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy in the third quarter valued at $30,000. Sachetta LLC raised its stake in Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 96 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Duke Energy during the third quarter worth $38,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Duke Energy by 100.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of several research analyst reports. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley lowered their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays lifted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Jefferies Financial Group assumed coverage on Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. Finally, Scotiabank raised their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Six equities 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.com, Duke Energy has an average rating of “Moderate Buy” and an average price target of $122.23.

Duke Energy Stock Up 1.1 %

NYSE:DUK traded up $1.13 during mid-day trading on Wednesday, hitting $107.94. The company had a trading volume of 1,909,179 shares, compared to its average volume of 2,867,526. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The business has a fifty day simple moving average of $111.39 and a 200-day simple moving average of $111.64. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $83.38 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.90 and a beta of 0.49.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter last year, the company posted $1.94 earnings per share. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts forecast that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

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.