Community Bank of Raymore Has $1.01 Million Holdings in Duke Energy Co. (NYSE:DUK)

17 Oct 2024, 22:36 by Sarita Garza · The Markets Daily

Community Bank of Raymore reduced its holdings in Duke Energy Co. (NYSE:DUK – Free Report) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,745 shares of the utilities provider’s stock after selling 750 shares during the quarter. Community Bank of Raymore’s holdings in Duke Energy were worth $1,008,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DUK. Pinnacle West Asset Management Inc. raised its holdings in shares of Duke Energy by 2.1% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 90 shares during the period. Sachetta LLC lifted its stake in shares of Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 96 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Duke Energy by 1.6% during the second quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 98 shares during the period. Waddell & Associates LLC boosted its position in Duke Energy by 2.7% during the 2nd quarter. Waddell & Associates LLC now owns 3,753 shares of the utilities provider’s stock valued at $376,000 after buying an additional 99 shares during the period. Finally, Indiana Trust & Investment Management CO grew its stake in shares of Duke Energy by 4.9% in the second quarter. Indiana Trust & Investment Management CO now owns 2,147 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other 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 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 document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on DUK shares. BMO Capital Markets upped their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $116.00 to $121.00 in a report on Tuesday. Jefferies Financial Group assumed coverage on Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. Evercore ISI increased their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Barclays raised their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Check Out Our Latest Report on DUK

Duke Energy Stock Performance

Shares of DUK stock opened at $119.80 on Thursday. The business has a 50-day simple moving average of $114.67 and a 200-day simple moving average of $106.40. 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 market cap of $92.46 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a 52-week low of $85.79 and a 52-week high of $120.09.

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

Duke Energy Announces Dividend

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 issued a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.49%. Duke Energy’s dividend payout ratio is presently 105.03%.

Duke Energy Profile

(Free Report)

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.