Duke Energy Corporation $DUK Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Duke Energy by 60.9% during Q2, selling 56,125 shares and now owning 35,979 shares valued at approximately $4.24 million.
• Analyst reports show mixed ratings for Duke Energy, with 10 analysts rating it a "Buy" and 6 giving it a "Hold", while consensus target price stands at $134.08.
• In August, Duke Energy missed earnings expectations with an EPS of $1.25, falling short of the consensus estimate of $1.29, despite a year-over-year revenue increase of 4.7% to $7.51 billion.

Atria Wealth Solutions Inc. decreased its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 60.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,979 shares of the utilities provider's stock after selling 56,125 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Duke Energy were worth $4,243,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock valued at $9,094,327,000 after acquiring an additional 1,676,061 shares during the period. GQG Partners LLC boosted its holdings in shares of Duke Energy by 17,880.0% during the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider's stock valued at $1,250,133,000 after acquiring an additional 10,192,503 shares during the period. Royal Bank of Canada boosted its holdings in shares of Duke Energy by 4.9% during the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider's stock valued at $1,088,158,000 after acquiring an additional 418,014 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Duke Energy by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider's stock valued at $1,055,087,000 after acquiring an additional 93,699 shares during the period. Finally, Northern Trust Corp lifted its holdings in Duke Energy by 1.9% in the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider's stock worth $994,496,000 after purchasing an additional 152,542 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Insider Activity

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, the senior vice president owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

DUK has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Duke Energy in a report on Wednesday, October 8th. Morgan Stanley reduced their price objective on shares of Duke Energy from $129.00 to $127.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Jefferies Financial Group downgraded shares of Duke Energy from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $141.00 to $134.00 in a report on Friday, September 26th. Finally, UBS Group upped their price objective on shares of Duke Energy from $131.00 to $137.00 and gave the stock a "neutral" rating in a report on Friday. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.08.

Duke Energy Stock Down 0.7%

DUK stock opened at $126.11 on Tuesday. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. The firm has a market cap of $98.06 billion, a PE ratio of 20.50, a P/E/G ratio of 3.06 and a beta of 0.44. The firm has a 50 day simple moving average of $123.10 and a 200 day simple moving average of $119.93. 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 (NYSE:DUK - Get Free Report) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the company earned $1.18 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

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.

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