Texas Bank & Trust Co Invests $332,000 in Duke Energy Co. (NYSE:DUK)

Texas Bank & Trust Co bought a new position in Duke Energy Co. (NYSE:DUK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,085 shares of the utilities provider's stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Parkworth Wealth Management Inc. acquired a new position in shares of Duke Energy in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in Duke Energy during the 4th quarter valued at approximately $30,000. Sierra Ocean LLC acquired a new stake in Duke Energy during the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. increased its position in Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares during the period. Finally, CGC Financial Services LLC grew its position in shares of Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after buying an additional 242 shares during the period. Institutional investors own 65.31% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on DUK shares. Jefferies Financial Group raised their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their price objective on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Morgan Stanley raised their target price on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Citigroup boosted their price objective on Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company boosted their price objective on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.00.

Duke Energy Trading Down 0.7%

Shares of Duke Energy stock traded down $0.84 during midday trading on Wednesday, reaching $116.47. 2,769,887 shares of the company's stock traded hands, compared to its average volume of 3,425,787. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The company has a market cap of $90.53 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The stock has a 50 day moving average of $119.20 and a 200-day moving average of $114.60. Duke Energy Co. has a 12 month low of $99.21 and a 12 month high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 earnings per share. As a group, equities analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be paid a $1.045 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.59%. Duke Energy's dividend payout ratio is currently 69.32%.

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.