Bank of Jackson Hole Trust Acquires Shares of 862 Duke Energy Co. (NYSE:DUK)

Bank of Jackson Hole Trust acquired a new stake in Duke Energy Co. (NYSE:DUK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 862 shares of the utilities provider’s stock, valued at approximately $93,000.

Other institutional investors also recently bought and sold shares of the company. KMG Fiduciary Partners LLC grew its holdings in Duke Energy by 5.5% in the fourth quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock valued at $5,613,000 after purchasing an additional 2,705 shares during the period. CCM Investment Advisers LLC boosted its stake in shares of Duke Energy by 24.3% in the fourth quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock worth $9,008,000 after acquiring an additional 16,356 shares during the last quarter. Pines Wealth Management LLC acquired a new stake in shares of Duke Energy in the fourth quarter worth approximately $1,032,000. Fifth Third Bancorp boosted its stake in shares of Duke Energy by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock worth $31,941,000 after acquiring an additional 9,070 shares during the last quarter. Finally, Corundum Group Inc. acquired a new stake in shares of Duke Energy in the fourth quarter worth approximately $1,566,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley lowered their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. BMO Capital Markets lifted their price objective on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Scotiabank lifted their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy Trading Up 0.8 %

Shares of NYSE DUK opened at $111.78 on Thursday. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The stock has a fifty day simple moving average of $109.88 and a 200-day simple moving average of $112.97. The stock has a market capitalization of $86.34 billion, a PE ratio of 19.58, a PEG ratio of 2.75 and a beta of 0.50.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. On average, equities analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.74%. Duke Energy’s dividend payout ratio is currently 73.20%.

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.