NBT Bank N.A. Purchases New Holdings in Duke Energy Corporation $DUK

NBT Bank N.A. bought a new stake in Duke Energy Corporation (NYSE:DUK) in the third quarter, Holdings Channel.com reports. The firm bought 4,275 shares of the utilities provider’s stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Root Financial Partners LLC purchased a new stake in shares of Duke Energy in the third quarter valued at about $172,000. SBI Securities Co. Ltd. increased its position in Duke Energy by 12.0% during the third quarter. SBI Securities Co. Ltd. now owns 5,670 shares of the utilities provider’s stock worth $646,000 after purchasing an additional 609 shares during the last quarter. Smith Chas P & Associates PA Cpas raised its stake in Duke Energy by 7.7% during the third quarter. Smith Chas P & Associates PA Cpas now owns 4,981 shares of the utilities provider’s stock worth $605,000 after purchasing an additional 356 shares during the period. Pinnacle Bancorp Inc. raised its stake in Duke Energy by 7.7% during the third quarter. Pinnacle Bancorp Inc. now owns 3,292 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 236 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Duke Energy by 2.3% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 108,444 shares of the utilities provider’s stock valued at $12,364,000 after purchasing an additional 2,467 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Down 0.2%

NYSE:DUK opened at $125.11 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. The stock’s fifty day moving average is $118.87 and its two-hundred day moving average is $123.46. Duke Energy Corporation has a 52 week low of $112.40 and a 52 week high of $134.49. The stock has a market capitalization of $97.54 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 2.92 and a beta of 0.36.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The business had revenue of $7.59 billion during the quarter, compared to analysts’ expectations of $7.66 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Research analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be paid a dividend of $1.0850 per share. This represents a $4.34 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s payout ratio is presently 65.17%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DUK. BTIG Research restated a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. HSBC initiated coverage on Duke Energy in a report on Thursday. They issued a “hold” rating and a $123.00 price objective on the stock. BMO Capital Markets lowered their price objective on Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, Truist Financial cut their target price on Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.19.

About Duke Energy

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.