NBT Bank N.A. Acquires 4,275 Shares of Duke Energy Corporation $DUK

NBT Bank N.A. acquired a new position in Duke Energy Corporation (NYSE:DUK) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,275 shares of the utilities provider’s stock, valued at approximately $487,000.

Other institutional investors have also recently made changes to their positions in the company. Evergreen Advisors LLC acquired a new stake in Duke Energy during the 1st quarter worth about $36,000. IAG Wealth Partners LLC lifted its holdings in shares of Duke Energy by 154.6% in the 1st quarter. IAG Wealth Partners LLC now owns 275 shares of the utilities provider’s stock valued at $36,000 after buying an additional 167 shares during the period. Dynamic Wealth Strategies LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at about $38,000. Millstone Evans Group LLC lifted its holdings in shares of Duke Energy by 53.1% in the 1st quarter. Millstone Evans Group LLC now owns 297 shares of the utilities provider’s stock valued at $39,000 after buying an additional 103 shares during the period. Finally, Gill Capital Partners LLC boosted its stake in shares of Duke Energy by 128.9% in the second quarter. Gill Capital Partners LLC now owns 309 shares of the utilities provider’s stock worth $39,000 after buying an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DUK. JPMorgan Chase & Co. reduced their price target on Duke Energy from $137.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. HSBC initiated coverage on Duke Energy in a research report on Thursday. They issued a “hold” rating and a $123.00 price objective on the stock. Barclays dropped their price objective on shares of Duke Energy from $132.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Wall Street Zen raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. Finally, KeyCorp decreased their target price on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.19.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $125.11 on Friday. The firm has a market cap of $97.54 billion, a PE ratio of 18.78, a P/E/G ratio of 2.92 and a beta of 0.36. Duke Energy Corporation has a twelve month low of $112.40 and a twelve month high of $134.49. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. The business has a 50-day moving average price of $118.87 and a 200 day moving average price of $123.46.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The company had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share. Duke Energy’s revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts predict that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be given a dividend of $1.0850 per share. The ex-dividend date is Friday, November 13th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.5%. Duke Energy’s dividend payout ratio (DPR) is 65.17%.

Duke Energy Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.