Duke Energy Corporation $DUK Shares Sold by Clarius Group LLC

Clarius Group LLC cut its stake in Duke Energy Corporation (NYSE:DUK) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,876 shares of the utilities provider’s stock after selling 288 shares during the period. Clarius Group LLC’s holdings in Duke Energy were worth $457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Toth Financial Advisory Corp boosted its holdings in Duke Energy by 31.6% in the first quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 83 shares during the last quarter. Reyes Financial Architecture Inc. raised its holdings in shares of Duke Energy by 4.8% in the 1st quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 83 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Duke Energy by 2.8% in the 1st quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider’s stock valued at $370,000 after purchasing an additional 84 shares in the last quarter. Lokken Investment Group LLC grew its holdings in shares of Duke Energy by 3.3% during the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 84 shares during the period. Finally, Sheets Smith Wealth Management increased its position in Duke Energy by 0.3% during the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock worth $3,356,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Up 1.7%

NYSE:DUK opened at $123.58 on Monday. The stock has a market cap of $96.10 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.98 and a beta of 0.44. Duke Energy Corporation has a one year low of $105.20 and a one year high of $127.85. 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 business’s 50-day simple moving average is $122.58 and its 200 day simple moving average is $119.61.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $7.07 billion. During the same quarter last year, the business 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, sell-side analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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 research note on Thursday, September 25th. Jefferies Financial Group cut shares of Duke Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Barclays increased their target price on Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial started coverage on Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating on the stock. Nine investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.25.

Insider Buying and Selling at Duke Energy

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

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.