Duke Energy Corporation $DUK is Reliant Investment Partners LLC’s 2nd Largest Position

Reliant Investment Partners LLC reduced its holdings in Duke Energy Corporation (NYSE:DUK) by 0.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 64,516 shares of the utilities provider’s stock after selling 579 shares during the quarter. Duke Energy accounts for about 6.6% of Reliant Investment Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Reliant Investment Partners LLC’s holdings in Duke Energy were worth $7,613,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUK. Activest Wealth Management boosted its stake in shares of Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Duke Energy in the first quarter worth about $27,000. Wayfinding Financial LLC bought a new stake in Duke Energy during the 1st quarter valued at approximately $27,000. Mascoma Wealth Management LLC grew its holdings 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 acquiring an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC raised its position 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 worth $31,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction 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 of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following 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 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 weighed in on DUK shares. BTIG Research upgraded Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Barclays raised their price objective on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Jefferies Financial Group upped their target price on shares of Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Morgan Stanley increased their price target on shares of Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, TD Cowen began coverage on shares of Duke Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $143.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $127.48 on Tuesday. The business has a fifty day moving average price of $123.83 and a 200-day moving average price of $120.58. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The company has a market capitalization of $99.13 billion, a PE ratio of 20.73, a PEG ratio of 3.13 and a beta of 0.44. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03.

Duke Energy (NYSE:DUK) last announced its quarterly 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 firm had revenue of $7.51 billion during 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 business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be given a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. Duke Energy’s dividend payout ratio (DPR) 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.