Gables Capital Management Inc. Sells 2,512 Shares of Duke Energy Corporation $DUK

Gables Capital Management Inc. lowered its position in shares of Duke Energy Corporation (NYSE:DUK) by 20.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,054 shares of the utilities provider’s stock after selling 2,512 shares during the quarter. Gables Capital Management Inc.’s holdings in Duke Energy were worth $1,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Reyes Financial Architecture Inc. increased its stake 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 purchasing an additional 83 shares during the period. Lokken Investment Group LLC boosted its stake in shares of Duke Energy by 3.3% during the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 84 shares during the period. Sheets Smith Wealth Management increased its stake in shares of Duke Energy by 0.3% in the first 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 during the period. Private Wealth Asset Management LLC raised its holdings in Duke Energy by 6.4% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock valued at $166,000 after buying an additional 85 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in Duke Energy by 3.7% during the 1st 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 during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of DUK stock opened at $128.25 on Wednesday. The firm has a market cap of $99.73 billion, a P/E ratio of 20.85, a P/E/G ratio of 3.17 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 $129.51. The business’s 50 day moving average price is $123.48 and its 200-day moving average price is $120.23. 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 posted 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). 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 quarter last year, the company posted $1.18 EPS. The firm’s revenue 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, equities research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company 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. The ex-dividend date is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. Duke Energy’s dividend payout ratio is 69.27%.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction that occurred 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 owned 46,422 shares in the company, valued at $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 equities research analysts have issued reports on DUK shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday, October 8th. Cowen initiated coverage on shares of Duke Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. Barclays boosted their price target on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, Evercore ISI assumed coverage on Duke Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and a consensus price target of $137.71.

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.