Resources Management Corp CT ADV Lowers Stock Holdings in Duke Energy Corporation $DUK

Resources Management Corp CT ADV decreased its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,928 shares of the utilities provider’s stock after selling 416 shares during the quarter. Resources Management Corp CT ADV’s holdings in Duke Energy were worth $2,796,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DUK. Brighton Jones LLC lifted its stake in shares of Duke Energy by 11.6% during the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after buying an additional 700 shares in the last quarter. FORA Capital LLC purchased a new stake in Duke Energy in the 4th quarter worth $312,000. First Manhattan CO. LLC. lifted its stake in Duke Energy by 52.3% in the 4th quarter. First Manhattan CO. LLC. now owns 17,102 shares of the utilities provider’s stock worth $2,006,000 after purchasing an additional 5,871 shares in the last quarter. Fiduciary Trust Co lifted its stake in Duke Energy by 1.9% in the 4th quarter. Fiduciary Trust Co now owns 11,287 shares of the utilities provider’s stock worth $1,216,000 after purchasing an additional 207 shares in the last quarter. Finally, Ethic Inc. lifted its stake in Duke Energy by 69.1% in the 4th quarter. Ethic Inc. now owns 9,594 shares of the utilities provider’s stock worth $1,034,000 after purchasing an additional 3,919 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Scotiabank boosted their price target on shares of Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research note on Tuesday, July 1st. Raymond James Financial assumed coverage on shares of Duke Energy in a research note on Friday, June 13th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Finally, UBS Group restated a “neutral” rating and set a $127.00 target price (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.62.

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 shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $832,542.00. Following the transaction, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Stock Down 0.2%

Shares of NYSE DUK opened at $120.58 on Friday. The firm’s 50-day moving average price is $121.08 and its 200-day moving average price is $118.97. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $93.77 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 2.91 and a beta of 0.39. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month 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 (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The business had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s payout ratio is currently 69.27%.

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.