Childress Capital Advisors LLC Sells 422 Shares of Duke Energy Co. (NYSE:DUK)

Childress Capital Advisors LLC trimmed its holdings in Duke Energy Co. (NYSE:DUK) by 11.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,219 shares of the utilities provider’s stock after selling 422 shares during the quarter. Childress Capital Advisors LLC’s holdings in Duke Energy were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DUK. Valmark Advisers Inc. raised its position in shares of Duke Energy by 2.3% during the third quarter. Valmark Advisers Inc. now owns 9,769 shares of the utilities provider’s stock valued at $1,126,000 after buying an additional 220 shares during the last quarter. GW Henssler & Associates Ltd. bought a new position in Duke Energy during the third quarter valued at about $223,000. PBMares Wealth Management LLC raised its holdings in Duke Energy by 1.8% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after acquiring an additional 86 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of Duke Energy by 11.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,079 shares of the utilities provider’s stock worth $369,000 after acquiring an additional 323 shares during the period. Finally, Integrated Advisors Network LLC grew its holdings in shares of Duke Energy by 0.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 16,258 shares of the utilities provider’s stock worth $1,875,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 2.3 %

Shares of NYSE DUK opened at $114.41 on Wednesday. Duke Energy Co. has a 1-year low of $86.61 and a 1-year high of $121.25. The company has a 50-day moving average of $115.74 and a two-hundred day moving average of $107.92. The company has a market cap of $88.35 billion, a PE ratio of 21.07, a P/E/G ratio of 3.27 and a beta of 0.46. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data 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. The firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. Duke Energy’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. As a group, equities analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given 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 3.65%. Duke Energy’s payout ratio is presently 76.98%.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DUK. Barclays lifted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. BMO Capital Markets upped their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Wells Fargo & Company raised their price target on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group increased their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Bank of America boosted their price target on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.