Mutual of America Capital Management LLC Decreases Stock Position in Duke Energy Corporation $DUK

Mutual of America Capital Management LLC decreased its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 89,121 shares of the utilities provider’s stock after selling 1,105 shares during the period. Mutual of America Capital Management LLC’s holdings in Duke Energy were worth $10,516,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. lifted its holdings in Duke Energy by 4.8% in the 1st quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock worth $223,000 after buying an additional 83 shares in the last quarter. Lokken Investment Group LLC lifted its holdings in Duke Energy by 3.3% in the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock worth $321,000 after buying an additional 84 shares in the last quarter. Sheets Smith Wealth Management lifted its holdings in Duke Energy by 0.3% in the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock worth $3,356,000 after buying an additional 85 shares in the last quarter. Private Wealth Asset Management LLC lifted its holdings in Duke Energy by 6.4% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock worth $166,000 after buying an additional 85 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its holdings in Duke Energy by 3.7% in the 1st quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock worth $298,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Up 0.9%

Shares of NYSE:DUK opened at $128.55 on Monday. The stock has a market capitalization of $99.96 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 3.16 and a beta of 0.44. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $129.51. The company’s fifty day moving average is $123.34 and its two-hundred day moving average is $120.10. 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 (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 for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis 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 69.27%.

Insiders Place Their Bets

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. This trade represents a 12.61% 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

A number of research firms have commented on DUK. Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the company a “sector outperform” rating in a research note on Friday, October 3rd. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research note on Tuesday, July 1st. BMO Capital Markets increased their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, TD Cowen began coverage on shares of Duke Energy in a research note on Thursday. They set a “buy” rating and a $143.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average price target of $136.77.

About Duke Energy

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.