Clear Creek Financial Management LLC Has $277,000 Stock Position in Duke Energy Corporation $DUK

Clear Creek Financial Management LLC lowered its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 3.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,346 shares of the utilities provider’s stock after selling 95 shares during the period. Clear Creek Financial Management LLC’s holdings in Duke Energy were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DUK. GQG Partners LLC raised its holdings in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after buying an additional 10,192,503 shares in the last quarter. Nuveen LLC acquired a new position in shares of Duke Energy during the 1st quarter worth $702,351,000. Raymond James Financial Inc. raised its holdings in shares of Duke Energy by 88.1% during the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after buying an additional 2,276,948 shares in the last quarter. Vanguard Group Inc. increased its holdings in Duke Energy by 2.3% in the 1st 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, Adage Capital Partners GP L.L.C. increased its holdings in Duke Energy by 359.1% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock worth $138,145,000 after purchasing an additional 885,900 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated 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 owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Duke Energy Trading Up 1.7%

Shares of DUK stock opened at $126.88 on Friday. The stock has a market cap of $98.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 3.06 and a beta of 0.44. The stock has a 50-day moving average of $123.06 and a 200-day moving average of $119.87. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85.

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

Duke Energy Increases Dividend

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

Wall Street Analyst Weigh In

DUK has been the subject of a number of recent research reports. UBS Group upped their target price on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday. BMO Capital Markets upped their target price on Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group cut Duke Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from $141.00 to $134.00 in a report on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday. Finally, Scotiabank set a $137.00 target price on Duke Energy and gave the stock a “sector outperform” rating in a report on Friday, October 3rd. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and a consensus price target of $134.08.

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.