Eagle Strategies LLC Sells 601 Shares of Duke Energy Corporation $DUK

Eagle Strategies LLC trimmed its position in Duke Energy Corporation (NYSE:DUK) by 24.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,903 shares of the utilities provider’s stock after selling 601 shares during the period. Eagle Strategies LLC’s holdings in Duke Energy were worth $225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management grew its position 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 acquiring an additional 105 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy during the 1st quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new position in shares of Duke Energy during the 1st quarter valued at approximately $27,000. Mascoma Wealth Management LLC grew its position 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 valued at $29,000 after acquiring an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its position in shares of Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 198 shares during the period. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the company a “sector outperform” rating in a research note on Friday, October 3rd. UBS Group restated a “neutral” rating and set a $127.00 price target (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research note on Tuesday, July 1st. Finally, Barclays upped their price target on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $133.08.

Insider Activity at Duke Energy

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

Duke Energy Stock Performance

NYSE DUK opened at $124.68 on Friday. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85. 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 stock has a market capitalization of $96.95 billion, a PE ratio of 20.27, a P/E/G ratio of 3.02 and a beta of 0.44. The company’s 50 day simple moving average is $122.99 and its two-hundred day simple moving average is $119.77.

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

Duke Energy Increases Dividend

The company also recently announced 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 was Friday, August 15th. This represents a $4.26 annualized dividend and a yield of 3.4%. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio is currently 69.27%.

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.