Duke Energy Corporation $DUK Shares Sold by Rossby Financial LCC

Rossby Financial LCC cut its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 13.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,292 shares of the utilities provider’s stock after selling 206 shares during the period. Rossby Financial LCC’s holdings in Duke Energy were worth $152,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Activest Wealth Management grew its stake in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy during the first quarter valued at about $27,000. Wayfinding Financial LLC bought a new position in shares of Duke Energy during the first quarter worth about $27,000. Mascoma Wealth Management LLC lifted 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 during the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its position in shares of Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by company insiders.

Duke Energy Stock Performance

DUK opened at $125.70 on Wednesday. The business’s 50 day moving average is $123.87 and its 200-day moving average is $120.64. The stock has a market cap of $97.74 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 3.13 and a beta of 0.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03.

Duke Energy (NYSE:DUK) last released its quarterly 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 the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid 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 is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Analysts Set New Price Targets

Several equities analysts have recently commented on DUK shares. JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Evercore ISI started coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price target on the stock. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research report on Tuesday, July 1st. Wells Fargo & Company assumed coverage on shares of Duke Energy in a report on Monday. They issued an “equal weight” rating and a $126.00 target price on the stock. Finally, BTIG Research raised shares of Duke Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

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.