Duke Energy Corporation $DUK Stock Holdings Reduced by Liberty One Investment Management LLC

Liberty One Investment Management LLC reduced its position in Duke Energy Corporation (NYSE:DUK) by 3.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 270,880 shares of the utilities provider’s stock after selling 8,675 shares during the period. Duke Energy accounts for about 3.2% of Liberty One Investment Management LLC’s portfolio, making the stock its 5th largest position. Liberty One Investment Management LLC’s holdings in Duke Energy were worth $31,964,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after buying an additional 1,676,061 shares in the last quarter. GQG Partners LLC boosted its holdings in shares of Duke Energy by 17,880.0% in the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after buying an additional 10,192,503 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Duke Energy by 4.9% in the 1st quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after buying an additional 418,014 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after buying an additional 93,699 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Duke Energy by 1.9% in the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock valued at $994,496,000 after buying an additional 152,542 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

Shares of NYSE DUK opened at $129.00 on Tuesday. The firm has a market cap of $100.31 billion, a PE ratio of 20.98, a PEG ratio of 3.16 and a beta of 0.44. The firm has a fifty day moving average of $123.41 and a 200 day moving average of $120.17. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a one year low of $105.20 and a one year high of $129.51.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the firm posted $1.18 EPS. Duke Energy’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, research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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 issued a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. Duke Energy’s dividend payout ratio is presently 69.27%.

Wall Street Analyst Weigh In

DUK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Barclays lifted their target price on shares of Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Evercore ISI initiated coverage on shares of Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday, October 8th. Finally, Cowen initiated coverage on shares of Duke Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.77.

Insiders Place Their Bets

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 transaction of $248,760.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’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 directly owned 46,422 shares in the company, valued at approximately $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 corporate insiders.

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.