Burke & Herbert Bank & Trust Co. Has $1.51 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Burke & Herbert Bank & Trust Co. cut its holdings in Duke Energy Co. (NYSE:DUK) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,091 shares of the utilities provider’s stock after selling 415 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Duke Energy were worth $1,509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DUK. Vanguard Group Inc. boosted its stake in Duke Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock worth $6,835,047,000 after acquiring an additional 324,289 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Duke Energy by 3.2% in the 1st quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock valued at $1,111,521,000 after buying an additional 352,320 shares during the period. Envestnet Asset Management Inc. increased its position in Duke Energy by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after buying an additional 40,243 shares in the last quarter. Mackenzie Financial Corp raised its stake in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares during the period. Finally, Capital Wealth Planning LLC boosted its holdings in Duke Energy by 1.6% in the first quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock worth $190,845,000 after acquiring an additional 31,309 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Performance

Shares of DUK traded down $0.08 on Friday, reaching $118.94. 101,010 shares of the company’s stock traded hands, compared to its average volume of 3,031,020. The stock’s 50 day simple moving average is $115.40 and its two-hundred day simple moving average is $107.25. The stock has a market cap of $91.79 billion, a PE ratio of 29.90, a PEG ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a 52-week low of $86.61 and a 52-week high of $121.25. 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 (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. The company had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.51%. Duke Energy’s payout ratio is 105.03%.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of research reports. Barclays upped their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Bank of America raised their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price for the company. Wells Fargo & Company raised their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Finally, Scotiabank boosted their price objective on 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 issued a buy rating to the stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $121.85.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.