Community Bank of Raymore Cuts Holdings in Duke Energy Co. (NYSE:DUK)

Community Bank of Raymore trimmed its position in Duke Energy Co. (NYSE:DUK) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,745 shares of the utilities provider’s stock after selling 750 shares during the period. Community Bank of Raymore’s holdings in Duke Energy were worth $1,008,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Duke Energy by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 435,157 shares of the utilities provider’s stock worth $42,084,000 after purchasing an additional 13,406 shares during the last quarter. Duality Advisers LP lifted its position in Duke Energy by 57.8% in the first quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock valued at $2,618,000 after acquiring an additional 9,917 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Duke Energy by 63.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock worth $4,324,000 after buying an additional 17,420 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Duke Energy by 9.4% in the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after acquiring an additional 9,334 shares during the period. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Duke Energy in the second quarter valued at about $2,888,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

Duke Energy stock opened at $119.80 on Thursday. The stock has a market capitalization of $92.46 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 3.06 and a beta of 0.46. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The stock has a 50-day simple moving average of $114.67 and a 200 day simple moving average of $106.40. Duke Energy Co. has a 12-month low of $85.79 and a 12-month high of $120.09.

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

Duke Energy Dividend Announcement

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

Insider Activity

In other Duke Energy 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DUK shares. Morgan Stanley boosted their price target on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group raised their price target on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Evercore ISI raised their price target on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Finally, Scotiabank raised their target price on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy Company 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.