Campbell & CO Investment Adviser LLC Lowers Stock Holdings in Duke Energy Corporation $DUK

Campbell & CO Investment Adviser LLC lessened its stake in shares of Duke Energy Corporation (NYSE:DUK) by 58.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,897 shares of the utilities provider’s stock after selling 4,096 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Duke Energy were worth $342,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DUK. Activest Wealth Management increased its stake in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Duke Energy in the 1st quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new position in Duke Energy during the 2nd quarter worth approximately $28,000. Mascoma Wealth Management LLC raised its stake in shares of Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after buying an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its holdings in shares of Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after buying an additional 198 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on DUK shares. JPMorgan Chase & Co. increased their price objective on Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. BMO Capital Markets cut their price target on shares of Duke Energy from $138.00 to $136.00 in a report on Monday, November 10th. BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Scotiabank set a $137.00 target price on shares of Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. Finally, The Goldman Sachs Group lifted their price target on shares of Duke Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $138.63.

Duke Energy Stock Down 0.7%

Shares of NYSE DUK opened at $122.74 on Monday. The firm’s 50-day moving average is $124.17 and its two-hundred day moving average is $120.91. The company has a market capitalization of $95.45 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 3.05 and a beta of 0.45. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same period in the previous year, the firm posted $1.62 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio is currently 66.98%.

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.