Belpointe Asset Management LLC Decreases Stock Position in Duke Energy Corporation $DUK

Belpointe Asset Management LLC trimmed its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 10.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,292 shares of the utilities provider’s stock after selling 1,116 shares during the quarter. Belpointe Asset Management LLC’s holdings in Duke Energy were worth $1,097,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Valeo Financial Advisors LLC boosted its position in Duke Energy by 1.9% during the second quarter. Valeo Financial Advisors LLC now owns 17,596 shares of the utilities provider’s stock valued at $2,076,000 after purchasing an additional 322 shares in the last quarter. Plimoth Trust Co. LLC lifted its holdings in Duke Energy by 2.3% in the second quarter. Plimoth Trust Co. LLC now owns 33,805 shares of the utilities provider’s stock valued at $3,989,000 after acquiring an additional 747 shares during the period. Merit Financial Group LLC increased its position in shares of Duke Energy by 19.0% in the second quarter. Merit Financial Group LLC now owns 50,801 shares of the utilities provider’s stock valued at $5,995,000 after buying an additional 8,108 shares in the last quarter. Mascoma Wealth Management LLC increased its position in shares of Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Simplicity Wealth LLC increased its position in shares of Duke Energy by 130.6% during the second quarter. Simplicity Wealth LLC now owns 16,693 shares of the utilities provider’s stock worth $1,970,000 after purchasing an additional 9,455 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DUK. UBS Group restated a “neutral” rating and issued a $127.00 target price (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. BMO Capital Markets increased their price objective on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Jefferies Financial Group cut Duke Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. Evercore ISI initiated coverage on Duke Energy in a report on Monday. They issued an “outperform” rating and a $143.00 price target for the company. Finally, Barclays raised their price target on Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.08.

Duke Energy Stock Performance

Shares of DUK stock opened at $125.49 on Wednesday. The stock has a fifty day moving average price of $122.83 and a 200 day moving average price of $119.69. The stock has a market cap of $97.59 billion, a PE ratio of 20.41, a P/E/G ratio of 3.00 and a beta of 0.44. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85. 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 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 firm 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 business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction on 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 directly owned 46,422 shares of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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.