MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Stock Position in Duke Energy Corporation $DUK

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 23.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,567 shares of the utilities provider’s stock after selling 54,800 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Duke Energy were worth $21,517,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Activest Wealth Management grew its holdings in Duke Energy by 98.1% during the first 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 period. Vermillion Wealth Management Inc. acquired a new position in Duke Energy during the fourth quarter worth $27,000. Wayfinding Financial LLC acquired a new position in Duke Energy during the first quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new position in Duke Energy during the first quarter worth $27,000. Finally, Mattson Financial Services LLC acquired a new position in Duke Energy during the fourth quarter worth $28,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DUK. Raymond James Financial began coverage on Duke Energy in a report on Friday, June 13th. They set a “market perform” rating on the stock. Morgan Stanley restated an “outperform” rating on shares of Duke Energy in a research report on Thursday, August 21st. BMO Capital Markets raised their price target on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Barclays raised 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. Finally, The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research note on Tuesday, July 1st. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.62.

Duke Energy Stock Down 0.2%

Shares of NYSE:DUK opened at $120.58 on Monday. The stock’s 50-day moving average price is $121.08 and its two-hundred day moving average price is $119.01. 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 12-month low of $105.20 and a 12-month high of $127.85. The firm has a market cap of $93.77 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.91 and a beta of 0.39.

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

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be issued a $1.065 dividend. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, August 15th. 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 69.27%.

Insider Transactions at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

About Duke Energy

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.