Envestnet Portfolio Solutions Inc. Reduces Holdings in Duke Energy Corporation $DUK

Key Points

• Envestnet Portfolio Solutions Inc. reduced its holdings in Duke Energy Corporation by 17.3% in Q2, owning 137,110 shares worth approximately $16.18 million after selling 28,748 shares.
• Multiple large investors have recently increased their stakes in Duke Energy, with Vanguard Group and GQG Partners boosting their positions significantly in Q1.
• Duke Energy's latest earnings report revealed a quarterly EPS of $1.25, which missed the consensus estimate, while its revenue increased by 4.7% year-over-year.

Envestnet Portfolio Solutions Inc. lowered its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 17.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,110 shares of the utilities provider's stock after selling 28,748 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Duke Energy were worth $16,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Duke Energy by 2.3% in 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 buying an additional 1,676,061 shares during the last quarter. GQG Partners LLC boosted its position in Duke Energy by 17,880.0% in 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 buying an additional 10,192,503 shares during the last quarter. Royal Bank of Canada boosted its position in Duke Energy by 4.9% in 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 buying an additional 418,014 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Duke Energy by 1.1% in 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 buying an additional 93,699 shares during the last quarter. 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 valued at $994,496,000 after acquiring an additional 152,542 shares during the period. Hedge funds and other institutional investors own 65.31% of the company's stock.

Duke Energy Trading Down 0.7%

Shares of DUK stock opened at $126.11 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The company has a market cap of $98.06 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 3.06 and a beta of 0.44. The stock has a 50 day simple moving average of $123.10 and a 200-day simple moving average of $119.93. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85.

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 for the quarter, missing the consensus estimate of $1.29 by ($0.04). The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Insider Activity at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the business's stock in a transaction that occurred 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 owned 19,608 shares of the company's stock, valued at $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. Corporate insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DUK. Weiss Ratings reissued a "buy (b-)" rating on shares of Duke Energy in a report on Wednesday, October 8th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. UBS Group boosted their price target on Duke Energy from $131.00 to $137.00 and gave the company a "neutral" rating in a report on Friday. Jefferies Financial Group downgraded Duke Energy from a "buy" rating to a "hold" rating and decreased their price target for the company from $141.00 to $134.00 in a report on Friday, September 26th. Finally, Scotiabank set a $137.00 price target on Duke Energy and gave the company a "sector outperform" rating in a report on Friday, October 3rd. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.08.

About Duke Energy

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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