Silver Oak Securities Incorporated Sells 1,150 Shares of Duke Energy Co. (NYSE:DUK)

Silver Oak Securities Incorporated lessened its stake in shares of Duke Energy Co. (NYSE:DUK) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,109 shares of the utilities provider’s stock after selling 1,150 shares during the period. Silver Oak Securities Incorporated’s holdings in Duke Energy were worth $1,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Duality Advisers LP increased its position in Duke Energy by 57.8% during the 1st quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock valued at $2,618,000 after buying an additional 9,917 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted 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 valued at $4,324,000 after purchasing an additional 17,420 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Duke Energy by 9.4% during the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after purchasing an additional 9,334 shares during the last quarter. Goodman Advisory Group LLC purchased a new stake in Duke Energy during the 2nd quarter valued at $2,888,000. Finally, Chapin Davis Inc. boosted its stake in Duke Energy by 1.8% during the 1st quarter. Chapin Davis Inc. now owns 7,675 shares of the utilities provider’s stock valued at $742,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction dated 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 approximately $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Duke Energy Price Performance

NYSE DUK opened at $117.21 on Friday. The company has a market capitalization of $90.46 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The business’s fifty day moving average is $115.51 and its 200 day moving average is $107.33. Duke Energy Co. has a fifty-two week low of $86.61 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. Sell-side analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. Duke Energy’s dividend payout ratio is presently 105.03%.

Wall Street Analyst Weigh In

Several brokerages have commented on DUK. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Bank of America increased their target price on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Barclays raised their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, Scotiabank raised their price target on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $121.85.

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.