Duke Energy Corporation $DUK Shares Sold by Prostatis Group LLC

Prostatis Group LLC decreased its position in Duke Energy Corporation (NYSE:DUK) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,963 shares of the utilities provider’s stock after selling 367 shares during the quarter. Prostatis Group LLC’s holdings in Duke Energy were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SPC Financial Inc. lifted its holdings in shares of Duke Energy by 1.0% in the second quarter. SPC Financial Inc. now owns 10,076 shares of the utilities provider’s stock valued at $1,189,000 after buying an additional 101 shares during the period. CWM LLC lifted its holdings in shares of Duke Energy by 357.7% in the second quarter. CWM LLC now owns 185,910 shares of the utilities provider’s stock valued at $21,937,000 after buying an additional 145,289 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Duke Energy by 16.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 120,768 shares of the utilities provider’s stock valued at $14,256,000 after buying an additional 16,632 shares during the period. Sather Financial Group Inc purchased a new stake in shares of Duke Energy during the second quarter valued at $306,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Duke Energy by 12.7% during the second quarter. Concurrent Investment Advisors LLC now owns 51,086 shares of the utilities provider’s stock valued at $6,028,000 after purchasing an additional 5,753 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’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 completion of the sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s 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 sale, the senior vice president directly owned 19,608 shares of the company’s stock, 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. 0.14% of the stock is owned by company insiders.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $126.88 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 firm has a market cap of $98.66 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 3.06 and a beta of 0.44. The business’s 50-day simple moving average is $123.06 and its 200-day simple moving average is $119.87. 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 earnings per share 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 for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company earned $1.18 EPS. Duke Energy’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. As a group, equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a $1.065 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio is 69.27%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. UBS Group upped their price target on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley dropped their target price on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Jefferies Financial Group lowered Duke Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. Evercore ISI began coverage on Duke Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $143.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.