Duke Energy Corporation $DUK Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,082 shares of the utilities provider's stock after selling 3,102 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Duke Energy were worth $2,842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Relyea Zuckerberg Hanson LLC increased its stake in Duke Energy by 21.0% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,411 shares of the utilities provider's stock worth $403,000 after acquiring an additional 591 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in Duke Energy by 1.9% during the second quarter. Valeo Financial Advisors LLC now owns 17,596 shares of the utilities provider's stock worth $2,076,000 after acquiring an additional 322 shares during the last quarter. Plimoth Trust Co. LLC increased its stake in Duke Energy by 2.3% during the second quarter. Plimoth Trust Co. LLC now owns 33,805 shares of the utilities provider's stock worth $3,989,000 after acquiring an additional 747 shares during the last quarter. Merit Financial Group LLC increased its stake in Duke Energy by 19.0% during the second quarter. Merit Financial Group LLC now owns 50,801 shares of the utilities provider's stock worth $5,995,000 after acquiring an additional 8,108 shares during the last quarter. Finally, Mascoma Wealth Management LLC increased its stake in Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider's stock worth $29,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on DUK shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Duke Energy in a research note on Saturday, September 27th. JPMorgan Chase & Co. raised their price target on Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. BMO Capital Markets raised their price target on Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Scotiabank set a $137.00 price target on Duke Energy and gave the stock a "sector outperform" rating in a research report on Friday. Finally, Morgan Stanley lowered their price target on Duke Energy from $129.00 to $127.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $133.08.

Duke Energy Trading Up 0.9%

NYSE:DUK opened at $125.49 on Wednesday. The firm has a market cap of $97.59 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 3.00 and a beta of 0.44. The stock has a fifty day moving average price of $122.83 and a 200 day moving average price of $119.69. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $127.85. 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 (NYSE:DUK - Get Free Report) last released 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 company 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 company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were issued a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. This is a boost from Duke Energy's previous quarterly dividend of $1.05. The ex-dividend date was Friday, August 15th. Duke Energy's dividend payout ratio (DPR) is 69.27%.

Insiders Place Their Bets

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated Tuesday, August 12th. The stock was 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 directly owned 46,422 shares of the company's stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated 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 of the company's stock, valued at $2,438,843.04. This trade represents 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.

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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