Duke Energy Corporation $DUK Shares Sold by Beacon Financial Group

Key Points

• Beacon Financial Group reduced its position in Duke Energy by 5.4% during the second quarter, owning 41,566 shares valued at approximately $4.9 million after selling 2,368 shares.
• Duke Energy reported $1.25 earnings per share (EPS) for its last quarter, missing analyst estimates of $1.29, but revenue increased by 4.7% year-over-year to $7.51 billion.
• The company announced a quarterly dividend of $1.065 per share, representing a yield of 3.5%, which is an increase from the previous dividend of $1.05.

Beacon Financial Group decreased its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 5.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 41,566 shares of the utilities provider's stock after selling 2,368 shares during the period. Beacon Financial Group's holdings in Duke Energy were worth $4,905,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DUK. Activest Wealth Management lifted its position in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 105 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of Duke Energy in the fourth quarter valued at $27,000. Wayfinding Financial LLC purchased a new stake in shares of Duke Energy in the first quarter valued at $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Duke Energy in the first quarter valued at $27,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Price Performance

Shares of DUK opened at $122.40 on Tuesday. The firm has a market cap of $95.18 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.94 and a beta of 0.39. The stock has a 50 day moving average of $121.52 and a 200-day moving average of $119.22. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data 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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. The company'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. As a group, analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. This is an increase from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's payout ratio is presently 69.27%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DUK shares. Barclays increased their target price on Duke Energy from $122.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Morgan Stanley reiterated an "outperform" rating on shares of Duke Energy in a research report on Thursday, August 21st. JPMorgan Chase & Co. increased their target price on Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a research report on Tuesday, July 1st. Finally, UBS Group reiterated a "neutral" rating and set a $127.00 target price (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $130.62.

Insider Buying and Selling

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

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.

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