CNB Bank Cuts Holdings in Duke Energy Co. (NYSE:DUK)

CNB Bank cut its position in Duke Energy Co. (NYSE:DUK) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,384 shares of the utilities provider’s stock after selling 518 shares during the quarter. CNB Bank’s holdings in Duke Energy were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PBMares Wealth Management LLC grew its stake in shares of Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after acquiring an additional 86 shares in the last quarter. Castleview Partners LLC boosted its holdings in Duke Energy by 4.9% in the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 90 shares during the last quarter. Kanawha Capital Management LLC grew its stake in Duke Energy by 1.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 92 shares in the last quarter. Baron Wealth Management LLC raised its position in shares of Duke Energy by 3.5% in the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 92 shares in the last quarter. Finally, Chicago Capital LLC boosted its stake in shares of Duke Energy by 0.9% during the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.3 %

NYSE DUK opened at $109.35 on Friday. The company has a market capitalization of $84.47 billion, a P/E ratio of 20.10, a PEG ratio of 2.64 and a beta of 0.49. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The company’s 50 day simple moving average is $110.59 and its 200 day simple moving average is $111.83.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.94 EPS. Equities research analysts expect that Duke Energy Co. will post 5.94 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is 76.84%.

Analysts Set New Price Targets

DUK has been the topic of several research analyst reports. Morgan Stanley reduced their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Scotiabank boosted their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, Barclays raised their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.23.

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.