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

CarsonAllaria Wealth Management Ltd. decreased its position in Duke Energy Co. (NYSE:DUK) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,256 shares of the utilities provider’s stock after selling 125 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in Duke Energy were worth $260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth approximately $25,000. Fortitude Family Office LLC increased its position in shares of Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 119 shares in the last quarter. Olistico Wealth LLC bought a new position in Duke Energy during the 2nd quarter valued at about $30,000. Riverview Trust Co bought a new stake in Duke Energy during the first quarter worth about $30,000. Finally, Sachetta LLC increased 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 worth $36,000 after buying an additional 96 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Jefferies Financial Group started coverage on shares of Duke Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $138.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Morgan Stanley lifted their price objective on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. KeyCorp increased their target price on Duke Energy from $121.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, 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 note on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Stock Down 0.7 %

NYSE DUK traded down $0.88 during trading hours 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 market capitalization of $92.52 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a twelve month low of $85.79 and a twelve month high of $121.25. The business’s 50-day moving average is $115.00 and its 200-day moving average is $106.82. 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 posted its quarterly 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. The firm had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. Sell-side analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. 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 (DPR) is currently 105.03%.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

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.