Duke Energy Corporation $DUK Shares Sold by Stack Financial Management Inc

Stack Financial Management Inc reduced its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,354 shares of the utilities provider’s stock after selling 2,513 shares during the quarter. Duke Energy comprises approximately 2.0% of Stack Financial Management Inc’s portfolio, making the stock its 20th largest holding. Stack Financial Management Inc’s holdings in Duke Energy were worth $22,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DUK. Activest Wealth Management increased its position in shares of 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 purchasing an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Duke Energy during the 1st quarter worth approximately $27,000. Wayfinding Financial LLC acquired a new position in Duke Energy during the first quarter worth approximately $27,000. Mascoma Wealth Management LLC lifted its stake in Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after buying an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its holdings in shares of Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 198 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $126.88 on Monday. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85. The company has a 50-day moving average price of $123.06 and a 200 day moving average price of $119.88. The company has a market cap of $98.66 billion, a P/E ratio of 20.63, a PEG ratio of 3.06 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last issued its 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 for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the company posted $1.18 earnings per share. The business’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. Research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays upped their price target on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a report on Tuesday, July 1st. Jefferies Financial Group lowered Duke Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $141.00 to $134.00 in a report on Friday, September 26th. Scotiabank set a $137.00 price objective on Duke Energy and gave the company a “sector outperform” rating in a research note on Friday, October 3rd. Finally, Evercore ISI began coverage on Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.08.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated Tuesday, August 12th. The shares were 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 directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was 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 in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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.