Birmingham Capital Management Co. Inc. AL Sells 5,240 Shares of Duke Energy Corporation $DUK

Birmingham Capital Management Co. Inc. AL lessened its position in Duke Energy Corporation (NYSE:DUK) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,113 shares of the utilities provider’s stock after selling 5,240 shares during the quarter. Duke Energy accounts for 1.2% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 29th largest position. Birmingham Capital Management Co. Inc. AL’s holdings in Duke Energy were worth $2,609,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its holdings in shares of Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy in the 1st quarter worth about $27,000. Wayfinding Financial LLC bought a new stake in shares of Duke Energy in the 1st quarter worth about $27,000. Mascoma Wealth Management LLC lifted its holdings in shares of Duke Energy by 53.7% in 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 last quarter. Finally, Financial Network Wealth Advisors LLC lifted its holdings in 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 buying an additional 198 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 0.9%

NYSE:DUK opened at $128.55 on Monday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $129.51. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The firm has a market cap of $99.96 billion, a P/E ratio of 20.90, a P/E/G ratio of 3.16 and a beta of 0.44. The firm has a 50-day simple moving average of $123.34 and a 200-day simple moving average of $120.10.

Duke Energy (NYSE:DUK) last posted its quarterly 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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the firm posted $1.18 EPS. The company’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. Equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a $1.065 dividend. The ex-dividend date of this dividend 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 presently 69.27%.

Insider Buying and Selling

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy 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 transaction, the executive vice president owned 46,422 shares of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy 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 transaction, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on DUK. Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the company a “sector outperform” rating in a report on Friday, October 3rd. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a report on Tuesday, July 1st. Morgan Stanley decreased their price objective on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. TD Cowen began coverage on shares of Duke Energy in a report on Thursday. They set a “buy” rating and a $143.00 price objective for the company. Finally, Evercore ISI began coverage on shares of Duke Energy in a report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.77.

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.