Burke & Herbert Bank & Trust Co. Has $1.39 Million Holdings in Duke Energy Co. (NYSE:DUK)

Burke & Herbert Bank & Trust Co. lowered its position in shares of Duke Energy Co. (NYSE:DUK) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,873 shares of the utilities provider’s stock after selling 218 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Duke Energy were worth $1,387,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DUK. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy during the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy during the third quarter valued at approximately $30,000. Sierra Ocean LLC purchased a new position in Duke Energy during the fourth quarter valued at approximately $31,000. CGC Financial Services LLC grew its position in Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 242 shares in the last quarter. Finally, Winch Advisory Services LLC grew its position in Duke Energy by 332.9% during the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DUK. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley lowered their price objective 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. BMO Capital Markets boosted their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, Scotiabank boosted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy Price Performance

NYSE DUK opened at $111.69 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The company has a fifty day simple moving average of $109.85 and a 200 day simple moving average of $113.01. The company has a market cap of $86.27 billion, a P/E ratio of 20.53, a P/E/G ratio of 2.83 and a beta of 0.50. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. On average, sell-side analysts predict that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.74%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is currently 76.84%.

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.