NBT Bank N A NY Buys 281 Shares of Duke Energy Co. (NYSE:DUK)

NBT Bank N A NY grew its stake in shares of Duke Energy Co. (NYSE:DUK) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,253 shares of the utilities provider’s stock after purchasing an additional 281 shares during the period. NBT Bank N A NY’s holdings in Duke Energy were worth $674,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Baron Wealth Management LLC increased its holdings in Duke Energy by 3.5% during the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 92 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Duke Energy by 0.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider’s stock valued at $3,378,000 after acquiring an additional 93 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Duke Energy by 2.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider’s stock valued at $372,000 after acquiring an additional 95 shares in the last quarter. Intergy Private Wealth LLC grew its holdings in shares of Duke Energy by 4.8% in the fourth quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider’s stock valued at $228,000 after acquiring an additional 96 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Duke Energy by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider’s stock valued at $779,000 after acquiring an additional 96 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DUK. BMO Capital Markets upped their target price on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Morgan Stanley reduced their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Guggenheim upped their target price on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Jefferies Financial Group increased their price objective on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Scotiabank increased their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.57.

Duke Energy Trading Up 1.5 %

NYSE DUK opened at $118.46 on Tuesday. The stock’s 50-day simple moving average is $112.02 and its two-hundred day simple moving average is $113.30. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $121.25. The company has a market capitalization of $91.98 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.79 and a beta of 0.48. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.53%. Duke Energy’s dividend payout ratio (DPR) is currently 73.20%.

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.