Thomasville National Bank Has $27.91 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Thomasville National Bank raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,856 shares of the utilities provider’s stock after purchasing an additional 5,871 shares during the period. Duke Energy accounts for 2.0% of Thomasville National Bank’s portfolio, making the stock its 15th largest holding. Thomasville National Bank’s holdings in Duke Energy were worth $27,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Duke Energy by 14,268.8% in the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider’s stock valued at $202,858,000 after acquiring an additional 1,651,608 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of Duke Energy in the fourth quarter valued at approximately $163,819,000. Capital Wealth Planning LLC boosted its position in shares of Duke Energy by 116.5% in the fourth quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider’s stock valued at $222,520,000 after acquiring an additional 1,111,581 shares during the period. Vanguard Group Inc. boosted its position in shares of Duke Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock valued at $7,852,731,000 after acquiring an additional 779,054 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Duke Energy by 14.8% in the fourth quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider’s stock valued at $521,322,000 after acquiring an additional 625,008 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Up 0.8%

Shares of NYSE DUK opened at $117.25 on Friday. The stock has a market cap of $91.13 billion, a PE ratio of 20.53, a PEG ratio of 2.79 and a beta of 0.37. The business has a fifty day moving average of $118.13 and a two-hundred day moving average of $114.95. Duke Energy Co. has a 52-week low of $99.21 and a 52-week high of $125.27. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The business had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $7.70 billion. During the same period in the previous year, the business posted $1.44 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.57%. Duke Energy’s dividend payout ratio is 69.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating and issued a $127.00 price objective (up from $126.00) on shares of Duke Energy in a research report on Monday, June 2nd. Barclays raised their target price on Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Morgan Stanley reduced their target price on Duke Energy from $126.00 to $125.00 and set an “equal weight” rating for the company in a research report on Thursday, May 22nd. BMO Capital Markets reduced their target price on Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. Finally, Jefferies Financial Group raised their target price on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.81.

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.