Duke Energy Co. (NYSE:DUK) Stock Position Raised by First Citizens Financial Corp


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First Citizens Financial Corp raised its position in shares of Duke Energy Co. (NYSE:DUK) by 4.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,697 shares of the utilities provider’s stock after purchasing an additional 195 shares during the period. First Citizens Financial Corp’s holdings in Duke Energy were worth $453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fulton Breakefield Broenniman LLC raised its stake in shares of Duke Energy by 9.6% in the 1st quarter. Fulton Breakefield Broenniman LLC now owns 6,007 shares of the utilities provider’s stock valued at $580,000 after acquiring an additional 526 shares in the last quarter. Selective Wealth Management Inc. raised its stake in shares of Duke Energy by 22.7% in the 1st quarter. Selective Wealth Management Inc. now owns 12,212 shares of the utilities provider’s stock valued at $1,179,000 after acquiring an additional 2,256 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Duke Energy in the 1st quarter valued at approximately $234,000. Farmers Trust Co. raised its stake in shares of Duke Energy by 11.9% in the 1st quarter. Farmers Trust Co. now owns 4,653 shares of the utilities provider’s stock valued at $449,000 after acquiring an additional 495 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in shares of Duke Energy by 5.6% in the 1st quarter. First Hawaiian Bank now owns 6,462 shares of the utilities provider’s stock valued at $624,000 after acquiring an additional 343 shares in the last quarter. 63.48% of the stock is owned by institutional investors.

Shares of NYSE:DUK opened at $97.54 on Monday. Duke Energy Co. has a 1-year low of $77.58 and a 1-year high of $98.88. The firm has a market capitalization of $75.03 billion, a PE ratio of 35.73, a PEG ratio of 4.88 and a beta of 0.23. The business’s 50 day moving average is $91.83 and its 200-day moving average is $91.64. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 1.24.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Wednesday, February 10th. The utilities provider reported $1.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.03. Duke Energy had a return on equity of 8.28% and a net margin of 8.68%. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $6.22 billion. On average, sell-side analysts predict that Duke Energy Co. will post 5.09 EPS for the current year.

A number of brokerages recently weighed in on DUK. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and set a $94.00 price objective on the stock. in a research note on Friday, February 12th. The Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 target price on the stock. in a report on Thursday, January 14th. Barclays raised their target price on Duke Energy from $102.00 to $108.00 and gave the company an “equal weight” rating in a report on Thursday, January 28th. Mizuho raised their target price on Duke Energy from $93.00 to $96.00 in a report on Monday, February 1st. Finally, Credit Suisse Group raised their target price on Duke Energy from $92.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, January 29th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $98.20.

In related news, SVP Dwight L. Jacobs sold 1,802 shares of the business’s stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $89.35, for a total value of $161,008.70. Following the sale, the senior vice president now owns 5,794 shares of the company’s stock, valued at approximately $517,693.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by company insiders.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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