Duke Energy Corporation $DUK Shares Sold by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC sold 22,633 shares of Duke Energy Corporation, reducing its stake by 4.8%, and now owns approximately 0.06% of the company worth $54.28 million.
• Duke Energy has increased its quarterly dividend from $1.05 to $1.065 per share, representing a yield of 3.4% with a payout ratio of 67.97%.
• The firm's recent earnings report showed an EPS of $1.25, missing analyst expectations, but it reported revenue of $7.51 billion, exceeding estimates and reflecting a 4.7% year-on-year increase.

Brandywine Global Investment Management LLC cut its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 445,048 shares of the utilities provider's stock after selling 22,633 shares during the quarter. Brandywine Global Investment Management LLC owned 0.06% of Duke Energy worth $54,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Investment Management Corp of Ontario boosted its position in Duke Energy by 212.8% in the fourth quarter. Investment Management Corp of Ontario now owns 79,989 shares of the utilities provider's stock worth $8,618,000 after purchasing an additional 54,413 shares during the last quarter. Andrew Hill Investment Advisors Inc. raised its position in Duke Energy by 338.6% in the first quarter. Andrew Hill Investment Advisors Inc. now owns 37,763 shares of the utilities provider's stock worth $4,606,000 after acquiring an additional 29,153 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Duke Energy by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider's stock valued at $35,575,000 after acquiring an additional 20,942 shares during the period. Pinnacle Financial Partners Inc raised its holdings in Duke Energy by 9.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider's stock worth $14,451,000 after purchasing an additional 11,445 shares during the period. Finally, Beacon Investment Advisory Services Inc. lifted its position in Duke Energy by 8.1% during the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider's stock valued at $6,264,000 after purchasing an additional 3,837 shares in the last quarter. Institutional investors own 65.31% of the company's stock.

Insider Buying and Selling at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the sale, the executive vice president owned 46,422 shares of the company's stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company's stock.

Duke Energy Price Performance

DUK traded up $2.2450 during trading on Tuesday, hitting $123.7050. The company's stock had a trading volume of 2,875,283 shares, compared to its average volume of 3,593,218. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $96.20 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.95 and a beta of 0.36. The business's fifty day simple moving average is $119.19 and its 200 day simple moving average is $118.11. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis 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 dividend payout ratio (DPR) is currently 69.27%.

Wall Street Analyst Weigh In

DUK has been the topic of a number of analyst reports. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research note on Tuesday, July 1st. UBS Group reiterated a "neutral" rating and issued a $127.00 price target (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Raymond James Financial assumed coverage on shares of Duke Energy in a research note on Friday, June 13th. They set a "market perform" rating for the company. BMO Capital Markets raised their target price on shares of Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, Scotiabank upped their price target on shares of Duke Energy from $120.00 to $128.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $129.80.

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.