Duke Energy Corporation $DUK Shares Sold by Atlas Brown Inc.
by Teresa Graham · The Cerbat GemAtlas Brown Inc. reduced its position in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,404 shares of the utilities provider’s stock after selling 389 shares during the period. Atlas Brown Inc.’s holdings in Duke Energy were worth $1,228,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in DUK. GQG Partners LLC raised its holdings in Duke Energy by 17,880.0% during the first 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 purchased a new position in Duke Energy during the first quarter worth about $702,351,000. Raymond James Financial Inc. raised its holdings in Duke Energy by 88.1% during the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after purchasing an additional 2,276,948 shares in the last quarter. Vanguard Group Inc. raised its holdings in Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after purchasing an additional 1,676,061 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Duke Energy by 14,268.8% during the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider’s stock worth $202,858,000 after purchasing an additional 1,651,608 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. UBS Group reissued a “neutral” rating and set a $127.00 price target (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Morgan Stanley reaffirmed an “outperform” rating on shares of Duke Energy in a report on Thursday, August 21st. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a report on Tuesday, July 1st. Scotiabank increased their target price on shares of Duke Energy from $120.00 to $128.00 and gave the company a “sector perform” rating in a report on Wednesday, August 6th. Finally, Raymond James Financial assumed coverage on shares of Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating for the company. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $130.62.
Read Our Latest Research Report on Duke Energy
Insiders Place Their Bets
In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy 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 owned 46,422 shares in the company, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
Duke Energy Stock Down 0.1%
DUK stock opened at $121.96 on Monday. The stock has a market capitalization of $94.84 billion, a P/E ratio of 19.83, a PEG ratio of 2.94 and a beta of 0.39. 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 one year low of $105.20 and a one year high of $127.85. The company has a 50 day moving average price of $121.42 and a two-hundred day moving average price of $119.19.
Duke Energy (NYSE:DUK – Get Free Report) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations 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 was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, sell-side 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 will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be issued a $1.065 dividend. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. 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.
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