Janney Capital Management LLC Has $10.95 Million Stock Position in Duke Energy Corporation $DUK

Janney Capital Management LLC lowered its position in shares of Duke Energy Corporation (NYSE:DUK) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,809 shares of the utilities provider’s stock after selling 454 shares during the quarter. Janney Capital Management LLC’s holdings in Duke Energy were worth $10,951,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DUK. GQG Partners LLC increased its position in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after purchasing an additional 10,192,503 shares in the last quarter. Nuveen LLC acquired a new stake in Duke Energy in the 1st quarter valued at about $702,351,000. Raymond James Financial Inc. increased its position in Duke Energy by 88.1% in the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after acquiring an additional 2,276,948 shares in the last quarter. Vanguard Group Inc. increased its position in Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after acquiring an additional 1,676,061 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in Duke Energy by 359.1% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock valued at $138,145,000 after acquiring an additional 885,900 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.3%

Shares of NYSE DUK opened at $122.71 on Tuesday. The stock has a market cap of $95.42 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.97 and a beta of 0.39. The firm has a 50 day moving average price of $122.35 and a 200 day moving average price of $119.54. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a $1.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. Duke Energy’s payout ratio is presently 69.27%.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the transaction, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

DUK has been the subject of several research reports. Raymond James Financial initiated coverage on shares of Duke Energy in a research report on Friday, June 13th. They issued a “market perform” rating for the company. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research note on Tuesday, July 1st. Jefferies Financial Group lowered shares of Duke Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from $141.00 to $134.00 in a research note on Friday. Morgan Stanley reduced their target price on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, Scotiabank raised their target price on shares of Duke Energy from $120.00 to $128.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 6th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

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.