Atria Wealth Solutions Inc. Reduces Stake in Duke Energy Corporation (NYSE:DUK)

Key Points

• Atria Wealth Solutions Inc. decreased its stake in Duke Energy Corporation by 9.3% in the first quarter, now holding 92,104 shares worth approximately $11.23 million.
• Duke Energy recently reported $1.25 EPS, missing analysts' expectations, but its revenue increased by 4.7% year-over-year to $7.51 billion.
• The company declared a quarterly dividend increase to $1.065 per share, resulting in an annualized dividend yield of 3.4%, with dividends payable on September 16th.

Atria Wealth Solutions Inc. decreased its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,104 shares of the utilities provider's stock after selling 9,478 shares during the period. Atria Wealth Solutions Inc.'s holdings in Duke Energy were worth $11,234,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Toth Financial Advisory Corp increased its position in Duke Energy by 31.6% during the first quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider's stock worth $42,000 after buying an additional 83 shares in the last quarter. Reyes Financial Architecture Inc. grew its position in shares of Duke Energy by 4.8% in the first quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider's stock valued at $223,000 after purchasing an additional 83 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Duke Energy by 2.8% in the first quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider's stock valued at $370,000 after purchasing an additional 84 shares during the period. Lokken Investment Group LLC grew its position in shares of Duke Energy by 3.3% in 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. Finally, Sheets Smith Wealth Management grew its position 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 valued at $3,356,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 65.31% of the company's stock.

Duke Energy Trading Down 0.0%

Shares of DUK opened at $124.15 on Wednesday. The stock's 50-day moving average is $117.66 and its two-hundred day moving average is $117.20. The stock has a market cap of $96.50 billion, a PE ratio of 20.59, a P/E/G ratio of 3.00 and a beta of 0.36. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). The company 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 9.88% and a net margin of 15.40%. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 EPS. Equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be paid a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. The ex-dividend date is Friday, August 15th. Duke Energy's payout ratio is presently 69.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their price objective on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Barclays lowered their price objective on Duke Energy from $123.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, July 1st. Citigroup lifted their price objective on Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. boosted their price target on Duke Energy from $122.00 to $127.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $127.25.

Duke Energy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.