APG Asset Management N.V. Sells 35,797 Shares of Duke Energy Corporation $DUK

Key Points

• APG Asset Management N.V. has reduced its stake in Duke Energy Corporation by 14.7%, selling 35,797 shares, which now totals 206,973 shares worth approximately $23.37 million.
• Despite APG's reduction, several other institutional investors significantly increased their holdings in Duke Energy, with GQG Partners LLC raising its position by 17,880% and acquiring over 10 million shares.
• Duke Energy recently declared a quarterly dividend of $1.065 per share, reflecting a slight increase from the previous dividend and representing an annual yield of 3.4%.

APG Asset Management N.V. lowered its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 206,973 shares of the utilities provider's stock after selling 35,797 shares during the quarter. APG Asset Management N.V.'s holdings in Duke Energy were worth $23,370,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Duke Energy in the 1st quarter valued at $27,000. Wayfinding Financial LLC purchased a new position in Duke Energy in the 1st quarter worth approximately $27,000. Mattson Financial Services LLC bought a new stake in Duke Energy in the fourth quarter valued at approximately $28,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Duke Energy during the fourth quarter valued at approximately $27,000. Finally, Financial Network Wealth Advisors LLC grew its holdings in shares of Duke Energy by 360.0% in 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.

Analyst Ratings Changes

DUK has been the subject of several analyst reports. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research report on Tuesday, July 1st. UBS Group reiterated a "neutral" rating and set a $127.00 target price (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Barclays boosted 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. BMO Capital Markets upped their price target on Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Scotiabank boosted their target price on Duke Energy from $120.00 to $128.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 6th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and a consensus price target of $130.07.

Insider Buying and Selling

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the sale, the executive vice president directly owned 46,422 shares of the company's stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the company's stock in a transaction dated 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 represents a 9.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Duke Energy Stock Down 1.0%

NYSE DUK traded down $1.18 during trading hours on Thursday, reaching $122.50. 2,496,426 shares of the company's stock traded hands, compared to its average volume of 3,558,523. The firm has a market cap of $95.26 billion, a PE ratio of 19.92, a PEG ratio of 2.97 and a beta of 0.36. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The firm has a 50-day simple moving average of $120.29 and a 200 day simple moving average of $118.54.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS 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 company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the firm earned $1.18 earnings per share. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be paid a $1.065 dividend. This is a boost from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 15th. Duke Energy's payout ratio is currently 69.27%.

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.