Stock Yards Bank & Trust Co. Sells 782 Shares of Duke Energy Co. (NYSE:DUK)

Stock Yards Bank & Trust Co. cut its position in shares of Duke Energy Co. (NYSE:DUK) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,381 shares of the utilities provider’s stock after selling 782 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Duke Energy were worth $3,724,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC lifted its stake in shares of Duke Energy by 13.9% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 344 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in shares of Duke Energy by 28.6% in the 3rd quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 894 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Duke Energy by 4.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after purchasing an additional 1,122 shares during the last quarter. Wagner Wealth Management LLC lifted its stake in shares of Duke Energy by 3.4% in the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after purchasing an additional 576 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in shares of Duke Energy by 31.2% in the 4th quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 309 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at approximately $1,315,697.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DUK. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Scotiabank reduced their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday. Mizuho increased their price target on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, BMO Capital Markets reduced their price target on Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $100.62.

Duke Energy Trading Down 0.1 %

DUK opened at $98.11 on Tuesday. The stock’s fifty day moving average is $94.31 and its two-hundred day moving average is $93.52. The company has a market capitalization of $75.69 billion, a P/E ratio of 27.64, a PEG ratio of 2.61 and a beta of 0.46. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $100.39. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 earnings per share. Analysts forecast that Duke Energy Co. will post 5.99 earnings per share for the current year.

About Duke Energy

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.