Duke Energy Corporation $DUK Shares Sold by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC trimmed its holdings in Duke Energy Corporation (NYSE:DUK) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,055 shares of the utilities provider’s stock after selling 423 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Duke Energy were worth $2,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of DUK. Brighton Jones LLC lifted its holdings in Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 700 shares during the last quarter. Sovran Advisors LLC acquired a new stake in Duke Energy in the 1st quarter valued at about $214,000. Mather Group LLC. lifted its stake in Duke Energy by 127.1% during the first quarter. Mather Group LLC. now owns 13,583 shares of the utilities provider’s stock valued at $1,657,000 after buying an additional 7,603 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Duke Energy by 1.3% during the first quarter. Vontobel Holding Ltd. now owns 42,533 shares of the utilities provider’s stock valued at $5,188,000 after buying an additional 539 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its stake in Duke Energy by 3.7% during the first quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock valued at $298,000 after buying an additional 86 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the transaction, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. This represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the 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 completion of the transaction, the senior vice president owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada raised shares of Duke Energy to a “hold” rating in a research note on Tuesday. Morgan Stanley upped their price objective on shares of Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. UBS Group upped their price objective on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Cowen assumed coverage on shares of Duke Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Mizuho upped their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Duke Energy Price Performance

Shares of DUK opened at $124.22 on Thursday. The company has a market capitalization of $96.59 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 3.09 and a beta of 0.44. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $130.03. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The business’s 50-day moving average is $123.87 and its 200-day moving average is $120.68.

Duke Energy (NYSE:DUK) last issued its earnings results 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). The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts expect 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 $1.065 dividend. The ex-dividend date is Friday, November 14th. 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%.

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.