Gables Capital Management Inc. Reduces Holdings in Duke Energy Corporation $DUK

Key Points

• Gables Capital Management Inc. has reduced its holdings in Duke Energy by 20%, now owning 10,054 shares worth approximately $1,186,000, as per SEC filings.
• Duke Energy reported earnings per share (EPS) of $1.25 for the last quarter, missing estimates by $0.04, while revenue exceeded expectations at $7.51 billion.
• The company announced a quarterly dividend of $1.065 per share, with an ex-dividend date set for November 14th, reflecting a yield of 3.3%.

Gables Capital Management Inc. lessened its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 20.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,054 shares of the utilities provider's stock after selling 2,512 shares during the period. Gables Capital Management Inc.'s holdings in Duke Energy were worth $1,186,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Financial Partners Inc lifted its position in shares of Duke Energy by 9.9% during the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider's stock valued at $14,451,000 after buying an additional 11,445 shares during the last quarter. Beacon Investment Advisory Services Inc. lifted its position in shares of Duke Energy by 8.1% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider's stock valued at $6,264,000 after buying an additional 3,837 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 valued at $1,055,087,000 after buying an additional 93,699 shares during the last quarter. Resolution Capital Ltd lifted its position in shares of Duke Energy by 7.6% during the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider's stock valued at $7,318,000 after buying an additional 4,255 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Duke Energy by 2.2% in the first quarter. D.A. Davidson & CO. now owns 234,464 shares of the utilities provider's stock worth $28,598,000 after acquiring an additional 4,948 shares during the period. Hedge funds and other institutional investors own 65.31% of the company's stock.

Duke Energy Price Performance

NYSE:DUK opened at $128.25 on Wednesday. The firm has a market capitalization of $99.73 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 3.17 and a beta of 0.44. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $129.51. The stock has a fifty day moving average of $123.48 and a 200 day moving average of $120.23. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) 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 the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 annualized dividend and a yield of 3.3%. Duke Energy's dividend payout ratio (DPR) is currently 69.27%.

Insider Activity

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 owned 46,422 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. 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 approximately $2,438,843.04. This trade represents a 9.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

DUK has been the subject of a number of analyst reports. UBS Group raised their price target on Duke Energy from $131.00 to $137.00 and gave the stock a "neutral" rating in a report on Friday, October 10th. Jefferies Financial Group raised their price target on Duke Energy from $134.00 to $138.00 and gave the stock a "hold" rating in a report on Wednesday, October 15th. Evercore ISI initiated coverage on Duke Energy in a report on Monday, October 6th. They issued an "outperform" rating and a $143.00 price target for the company. Barclays raised their price target on Duke Energy from $131.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Duke Energy in a report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and a consensus price target of $137.71.

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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