Brookstone Capital Management Sells 76,390 Shares of Duke Energy Corporation $DUK

Key Points

• Brookstone Capital Management cut its Duke Energy stake by 66.3% in the second quarter, selling 76,390 shares and retaining 38,750 shares valued at approximately $4.9 million. Institutional investors collectively own 65.31% of the company.
• Duke Energy reported quarterly EPS of $1.43, beating analysts’ $1.30 estimate, while revenue reached $7.59 billion and rose 1.1% year over year.
• The company raised its quarterly dividend to $1.085 per share, or $4.34 annually, implying a 3.5% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $138.44.

Brookstone Capital Management decreased its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 66.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,750 shares of the utilities provider's stock after selling 76,390 shares during the quarter. Brookstone Capital Management's holdings in Duke Energy were worth $4,905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Ables Iannone Moore & Associates Inc. lifted its position in shares of Duke Energy by 1.2% during the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 6,623 shares of the utilities provider's stock valued at $838,000 after acquiring an additional 80 shares during the period. Sharp Wealth Advisory LLC grew its holdings in Duke Energy by 4.5% in the first quarter. Sharp Wealth Advisory LLC now owns 1,876 shares of the utilities provider's stock worth $246,000 after purchasing an additional 81 shares during the period. Absher Wealth Management LLC grew its holdings in Duke Energy by 2.3% in the first quarter. Absher Wealth Management LLC now owns 3,648 shares of the utilities provider's stock worth $478,000 after purchasing an additional 81 shares during the period. A4 Wealth Advisors LLC increased its stake in Duke Energy by 3.3% in the fourth quarter. A4 Wealth Advisors LLC now owns 2,597 shares of the utilities provider's stock valued at $304,000 after purchasing an additional 82 shares in the last quarter. Finally, Elm Partners Management LLC raised its holdings in shares of Duke Energy by 0.9% during the fourth quarter. Elm Partners Management LLC now owns 9,254 shares of the utilities provider's stock valued at $1,085,000 after purchasing an additional 83 shares during the period. Institutional investors own 65.31% of the company's stock.

Key Stories Impacting Duke Energy

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke Energy restored approximately 223,000 outages in Greater Cincinnati—about 85% of the total—within 48 hours. Crews expect to restore nearly all remaining customers, reducing operational and reputational concerns from the storm damage. Duke Energy restores 85% of Greater Cincinnati outages
• Positive Sentiment: The company’s North Carolina rate case remains a potential earnings support. Duke has reduced its proposed increase as regulators consider a settlement, which could still provide additional revenue and recovery of infrastructure costs if approved. Duke Energy cuts proposed rate hike
• Neutral Sentiment: Duke Energy completed the sale of 40 million equity units. The financing provides capital for investment and financial needs, but the equity-linked structure may increase the company’s share count and could pressure per-share value. Duke Energy completes major equity units financing offering
• Neutral Sentiment: Emergency grants and continued restoration efforts in Ohio and Kentucky demonstrate community support following widespread storm damage, although the associated response and repair costs could affect near-term results. Duke Energy Foundation awards emergency grants
• Negative Sentiment: North Carolina Attorney General Jeff Jackson rejected a proposed settlement involving a 6.8% residential rate increase, creating uncertainty over the timing and size of any approved rate relief. Consumer advocates are also challenging Duke’s requests by citing the company’s profitability. Attorney general rejects Duke Energy settlement
• Negative Sentiment: The severe Cincinnati-area storms left more than 180,000 customers without power at the peak, highlighting potential repair expenses and weather-related execution risks for Duke Energy. Duke Energy customers remain without power

Duke Energy Trading Up 0.8%

NYSE DUK opened at $124.51 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. The business has a fifty day simple moving average of $125.77 and a 200 day simple moving average of $126.55. Duke Energy Corporation has a 12 month low of $113.89 and a 12 month high of $134.49. The firm has a market capitalization of $97.08 billion, a P/E ratio of 18.69, a PEG ratio of 2.72 and a beta of 0.38.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.13. The firm had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 EPS. On average, analysts predict that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be given a $1.085 dividend. This represents a $4.34 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Duke Energy's previous quarterly dividend of $1.06. Duke Energy's payout ratio is currently 63.96%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DUK. Barclays cut their price objective on shares of Duke Energy from $140.00 to $132.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Truist Financial boosted their target price on Duke Energy from $137.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, July 17th. JPMorgan Chase & Co. upped their price target on Duke Energy from $136.00 to $141.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. UBS Group cut their price target on Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. Finally, Morgan Stanley set a $138.00 price objective on Duke Energy in a research note on Wednesday, July 22nd. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $138.44.

Duke Energy Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company's core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

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