Duke Energy Corporation $DUK Shares Sold by Cassia Capital Partners LLC

Cassia Capital Partners LLC lessened its position in shares of Duke Energy Corporation (NYSE:DUK) by 2.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,821 shares of the utilities provider’s stock after selling 229 shares during the quarter. Duke Energy makes up about 0.7% of Cassia Capital Partners LLC’s holdings, making the stock its 29th largest position. Cassia Capital Partners LLC’s holdings in Duke Energy were worth $1,159,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in Duke Energy by 11.6% during the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after acquiring an additional 700 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Duke Energy during the 4th quarter worth approximately $2,836,000. Forum Financial Management LP purchased a new stake in Duke Energy in the 4th quarter valued at approximately $222,000. Menard Financial Group LLC acquired a new stake in Duke Energy during the 4th quarter valued at $63,000. Finally, Park Square Financial Group LLC purchased a new position in Duke Energy during the fourth quarter worth $66,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

NYSE:DUK opened at $123.70 on Thursday. The company has a market cap of $96.19 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.97 and a beta of 0.39. The firm’s 50 day moving average is $122.10 and its two-hundred day moving average is $119.43. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. 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 announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is presently 69.27%.

Insider Buying and Selling

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction on 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 sale, the executive vice president owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction on 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 in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DUK has been the topic of several recent research reports. Raymond James Financial assumed coverage on Duke Energy in a research report on Friday, June 13th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. BMO Capital Markets boosted their price objective on shares of Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. UBS Group restated a “neutral” rating and set a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Finally, The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $130.62.

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.