Norway Savings Bank Lowers Holdings in Duke Energy Co. (NYSE:DUK)

Norway Savings Bank lessened its holdings in Duke Energy Co. (NYSE:DUK) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,868 shares of the utilities provider’s stock after selling 540 shares during the period. Norway Savings Bank’s holdings in Duke Energy were worth $1,602,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Strathmore Capital Advisors Inc. bought a new stake in Duke Energy during the fourth quarter worth about $399,000. Diversified Trust Co boosted its stake in Duke Energy by 9.6% in the fourth quarter. Diversified Trust Co now owns 7,819 shares of the utilities provider’s stock worth $843,000 after buying an additional 688 shares in the last quarter. Doliver Advisors LP grew its position in Duke Energy by 17.1% during the fourth quarter. Doliver Advisors LP now owns 9,736 shares of the utilities provider’s stock valued at $1,049,000 after acquiring an additional 1,423 shares during the last quarter. Centre Asset Management LLC raised its stake in shares of Duke Energy by 7.7% during the fourth quarter. Centre Asset Management LLC now owns 5,721 shares of the utilities provider’s stock worth $616,000 after acquiring an additional 408 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Duke Energy by 17.4% in the 4th quarter. GAMMA Investing LLC now owns 11,575 shares of the utilities provider’s stock valued at $1,247,000 after purchasing an additional 1,718 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.4 %

Shares of NYSE:DUK traded up $0.45 during trading on Tuesday, hitting $106.82. The stock had a trading volume of 1,471,430 shares, compared to its average volume of 2,731,002. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a market capitalization of $82.52 billion, a PE ratio of 19.64, a PEG ratio of 2.90 and a beta of 0.49. The firm’s fifty day moving average is $111.54 and its 200 day moving average is $111.59.

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 the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 EPS. Analysts anticipate that Duke Energy Co. will post 5.95 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on DUK shares. Morgan Stanley decreased their target price 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. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target for the company. Finally, Barclays raised their price target on shares of 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 assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.23.

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.