Duke Energy Corporation $DUK Shares Sold by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC reduced its stake in Duke Energy Corporation by 24.9%, now holding 11,645 shares valued at $1.37 million.
• Duke Energy announced a quarterly dividend of $1.065 per share, with a yield of 3.3%, payable on December 16th.
• Currently, 65.31% of Duke Energy's stock is owned by institutional investors, indicating strong institutional interest.

International Assets Investment Management LLC trimmed its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 24.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,645 shares of the utilities provider's stock after selling 3,855 shares during the period. International Assets Investment Management LLC's holdings in Duke Energy were worth $1,374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Duke Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock worth $9,094,327,000 after purchasing an additional 1,676,061 shares during the last quarter. GQG Partners LLC boosted its holdings in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider's stock worth $1,250,133,000 after purchasing an additional 10,192,503 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Duke Energy by 4.9% during the 1st quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider's stock worth $1,088,158,000 after purchasing an additional 418,014 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Duke Energy by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider's stock worth $1,055,087,000 after purchasing an additional 93,699 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Duke Energy by 1.9% during the 1st 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 last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the sale, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Stock Up 0.9%

Shares of NYSE DUK opened at $128.55 on Monday. The firm has a market cap of $99.96 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 3.16 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 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 $129.51. The business's 50 day moving average is $123.34 and its two-hundred day moving average is $120.10.

Duke Energy (NYSE:DUK - Get Free Report) last announced its 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 firm had revenue of $7.51 billion during the quarter, compared to analysts' expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be given a $1.065 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. Duke Energy's payout ratio is presently 69.27%.

Wall Street Analysts Forecast Growth

DUK has been the topic of several recent research reports. Morgan Stanley lowered their target price on Duke Energy from $129.00 to $127.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Cowen assumed coverage on Duke Energy in a research report on Wednesday. They issued a "buy" rating for the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Duke Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Duke Energy from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research report on Tuesday, July 1st. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and an average price target of $136.77.

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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