Duke Energy Corporation $DUK Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK lessened its position in shares of Duke Energy Corporation (NYSE:DUK) by 10.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,019 shares of the utilities provider’s stock after selling 776 shares during the quarter. Capital Advisors Inc. OK’s holdings in Duke Energy were worth $828,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Activest Wealth Management grew its position 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 last quarter. Wayfinding Financial LLC acquired a new stake in Duke Energy during the 1st quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new stake in Duke Energy during the 1st quarter worth $27,000. Mascoma Wealth Management LLC increased its stake in Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of Duke Energy by 360.0% in the first 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 last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.7%

DUK opened at $124.38 on Tuesday. 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 Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. The stock has a market capitalization of $96.72 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.98 and a beta of 0.44. The business has a 50 day simple moving average of $122.71 and a 200-day simple moving average of $119.65.

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

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were paid a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, August 15th. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DUK. Raymond James Financial started coverage on Duke Energy in a report on Friday, June 13th. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research report on Saturday, September 27th. JPMorgan Chase & Co. boosted their target price on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Morgan Stanley cut their price target on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Jefferies Financial Group lowered shares of Duke Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from $141.00 to $134.00 in a research report on Friday, September 26th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.08.

Insider Transactions at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the sale, the executive vice president owned 46,422 shares of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value 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 represents a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

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.