Consolidated Portfolio Review Corp Sells 106 Shares of Duke Energy Corporation $DUK

Consolidated Portfolio Review Corp lowered its stake in shares of Duke Energy Corporation (NYSE:DUK) by 4.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,314 shares of the utilities provider’s stock after selling 106 shares during the period. Consolidated Portfolio Review Corp’s holdings in Duke Energy were worth $273,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Victrix Investment Advisors lifted its position in shares of Duke Energy by 3.1% in the 2nd quarter. Victrix Investment Advisors now owns 12,756 shares of the utilities provider’s stock worth $1,505,000 after acquiring an additional 389 shares during the period. Liberty Capital Management Inc. raised its stake in shares of Duke Energy by 5.7% in the second quarter. Liberty Capital Management Inc. now owns 2,105 shares of the utilities provider’s stock valued at $248,000 after purchasing an additional 114 shares in the last quarter. Alley Investment Management Company LLC lifted its position in Duke Energy by 1.1% in the second quarter. Alley Investment Management Company LLC now owns 77,910 shares of the utilities provider’s stock worth $9,193,000 after purchasing an additional 843 shares during the period. First United Bank & Trust boosted its stake in Duke Energy by 43.9% during the second quarter. First United Bank & Trust now owns 2,327 shares of the utilities provider’s stock worth $275,000 after buying an additional 710 shares in the last quarter. Finally, Trivium Point Advisory LLC increased its holdings in Duke Energy by 3.6% in the 2nd quarter. Trivium Point Advisory LLC now owns 12,148 shares of the utilities provider’s stock valued at $1,433,000 after buying an additional 422 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Trading Down 0.7%

Shares of DUK opened at $121.57 on Friday. 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 company has a market cap of $94.53 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.95 and a beta of 0.44. The stock has a fifty day moving average price of $122.50 and a two-hundred day moving average price of $119.59. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85.

Duke Energy (NYSE:DUK) last announced 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). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company posted $1.18 EPS. Duke Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were given a dividend of $1.065 per share. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. 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 currently 69.27%.

Analyst Upgrades and Downgrades

DUK has been the topic of several recent research reports. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research report on Tuesday, July 1st. BMO Capital Markets lifted their price objective on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Scotiabank increased their target price on Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 6th. UBS Group restated a “neutral” rating and set a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Finally, Barclays upped their price target on Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.50.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the transaction, the executive vice president owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

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.