Duke Energy Corporation $DUK Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lessened its holdings in Duke Energy Corporation (NYSE:DUK) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,832 shares of the utilities provider’s stock after selling 145 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Duke Energy were worth $806,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Reyes Financial Architecture Inc. raised its stake in shares of Duke Energy by 4.8% in the first 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 last quarter. Lokken Investment Group LLC raised its stake in shares of Duke Energy by 3.3% in the first 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 last quarter. Sheets Smith Wealth Management raised its stake in shares of Duke Energy by 0.3% in the first 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 during the last quarter. Private Wealth Asset Management LLC raised its stake in shares of Duke Energy by 6.4% in the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 85 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in shares of Duke Energy by 3.7% in the first quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Up 0.9%

Shares of NYSE:DUK opened at $128.55 on Friday. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $129.51. The company has a market capitalization of $99.96 billion, a PE ratio of 20.90, a PEG ratio of 3.16 and a beta of 0.44. The business has a 50 day moving average of $123.34 and a two-hundred day moving average of $120.13. 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 (NYSE:DUK) last announced 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 net margin of 15.51% and a return on equity of 9.85%. The company 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 firm posted $1.18 earnings per share. The company’s revenue 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, analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio is presently 69.27%.

Analysts Set New Price Targets

DUK has been the subject of several research analyst reports. Cowen initiated coverage on Duke Energy in a research note on Wednesday. They issued a “buy” rating for the company. Jefferies Financial Group raised their price objective on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a research note on Wednesday. UBS Group raised their price objective on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research note on Tuesday, July 1st. Finally, Barclays lifted their price target on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.77.

Insider Activity at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This represents a 12.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’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 transaction, the senior vice president directly 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 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 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.