CarsonAllaria Wealth Management Ltd. Sells 125 Shares of Duke Energy Co. (NYSE:DUK)

CarsonAllaria Wealth Management Ltd. decreased its stake in shares of Duke Energy Co. (NYSE:DUK) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,256 shares of the utilities provider’s stock after selling 125 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Duke Energy were worth $260,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DUK. Pinnacle West Asset Management Inc. grew its stake in Duke Energy by 2.1% in the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 90 shares during the period. Castleview Partners LLC raised its holdings in Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after buying an additional 90 shares during the last quarter. Chicago Capital LLC lifted its stake in shares of Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after buying an additional 93 shares in the last quarter. Sachetta LLC grew its holdings in shares of Duke Energy by 41.9% during the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after buying an additional 96 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of Duke Energy by 1.6% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock worth $611,000 after acquiring an additional 98 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DUK shares. Evercore ISI boosted their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. KeyCorp lifted their price objective on shares of Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. BMO Capital Markets lifted their price objective on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Finally, Bank of America raised their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Price Performance

Duke Energy stock traded down $0.88 during mid-day trading on Monday, hitting $119.88. 839,312 shares of the company traded hands, compared to its average volume of 3,044,381. The stock has a fifty day moving average price of $115.00 and a 200-day moving average price of $106.82. The stock has a market cap of $92.52 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a one year low of $85.79 and a one year high of $121.25. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 105.03%.

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.