Duke Energy Corporation $DUK Position Trimmed by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC lessened its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,120 shares of the utilities provider’s stock after selling 835 shares during the quarter. Duke Energy makes up 0.6% of Berkeley Capital Partners LLC’s investment portfolio, making the stock its 26th largest holding. Berkeley Capital Partners LLC’s holdings in Duke Energy were worth $2,492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Reyes Financial Architecture Inc. grew its stake in Duke Energy by 4.8% during the 1st quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 83 shares in the last quarter. Lokken Investment Group LLC grew its stake in shares of Duke Energy by 3.3% in the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after buying an additional 84 shares in the last quarter. Sheets Smith Wealth Management grew its stake in shares of Duke Energy by 0.3% in the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock valued at $3,356,000 after buying an additional 85 shares in the last quarter. Private Wealth Asset Management LLC grew its stake in shares of Duke Energy by 6.4% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock valued at $166,000 after buying an additional 85 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its stake in shares of Duke Energy by 3.7% in the 1st quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock valued at $298,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’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 completion of the transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on DUK shares. Cowen started coverage on Duke Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research note on Tuesday, July 1st. TD Cowen started coverage on Duke Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $143.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, BMO Capital Markets boosted their price target on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.77.

Duke Energy Stock Up 0.4%

Shares of Duke Energy stock opened at $129.00 on Tuesday. The stock has a market capitalization of $100.31 billion, a P/E ratio of 20.98, a PEG ratio of 3.16 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The stock has a 50 day moving average price of $123.41 and a two-hundred day moving average price of $120.17. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $129.51.

Duke Energy (NYSE:DUK) last announced its earnings results 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 company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. The ex-dividend date is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. Duke Energy’s payout ratio is 69.27%.

Duke Energy 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.