Catalyst Capital Advisors LLC Sells 220 Shares of Duke Energy Corporation $DUK

Catalyst Capital Advisors LLC trimmed its position in shares of Duke Energy Corporation (NYSE:DUK) by 13.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,360 shares of the utilities provider’s stock after selling 220 shares during the period. Catalyst Capital Advisors LLC’s holdings in Duke Energy were worth $160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its position in shares of Duke Energy by 0.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 380,420 shares of the utilities provider’s stock valued at $44,890,000 after purchasing an additional 2,515 shares during the period. AlTi Global Inc. grew its stake in Duke Energy by 29.4% during the second quarter. AlTi Global Inc. now owns 2,504 shares of the utilities provider’s stock valued at $296,000 after acquiring an additional 569 shares in the last quarter. Carnegie Investment Counsel grew its stake in Duke Energy by 35.2% during the second quarter. Carnegie Investment Counsel now owns 10,698 shares of the utilities provider’s stock valued at $1,262,000 after acquiring an additional 2,783 shares in the last quarter. Cornerstone Management Inc. purchased a new position in Duke Energy during the second quarter valued at $276,000. Finally, Avion Wealth grew its stake in Duke Energy by 32.1% during the second quarter. Avion Wealth now owns 774 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 188 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Transactions at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy 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 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. The trade was a 12.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated Wednesday, August 20th. The stock was 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 of the company’s stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Duke Energy Stock Performance

Shares of NYSE:DUK opened at $127.41 on Friday. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $130.03. The stock has a market capitalization of $99.07 billion, a P/E ratio of 20.72, a PEG ratio of 3.13 and a beta of 0.44. The firm has a fifty day simple moving average of $123.71 and a two-hundred day simple moving average of $120.44. 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 released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 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 firm had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the prior year, the firm posted $1.18 earnings per share. Duke Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid 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 payout ratio is currently 69.27%.

Analyst Upgrades and Downgrades

DUK has been the subject of several research analyst reports. Evercore ISI initiated coverage on shares of Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 target price for the company. Barclays raised their target price on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Cowen initiated coverage on shares of Duke Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Morgan Stanley raised their target price on shares of Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, UBS Group lifted their price objective on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.36.

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.