NBC Securities Inc. Has $3.91 Million Stock Holdings in Duke Energy Corporation $DUK

Key Points

• NBC Securities Inc. reduced its holdings in Duke Energy Corporation by 33.6% during the second quarter, now owning 33,162 shares worth approximately $3.91 million.
• Duke Energy reported a quarterly earnings miss with $1.25 earnings per share, below the anticipated $1.29, while showing a 4.7% year-over-year revenue increase to $7.51 billion.
• The company has recently increased its quarterly dividend to $1.065 per share, reflecting an annualized rate of $4.26 and a yield of 3.5%.

NBC Securities Inc. lessened its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 33.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,162 shares of the utilities provider's stock after selling 16,797 shares during the quarter. NBC Securities Inc.'s holdings in Duke Energy were worth $3,913,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Activest Wealth Management lifted its stake in shares of Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 105 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in shares of Duke Energy in the 4th quarter valued at $27,000. Wayfinding Financial LLC bought a new position in shares of Duke Energy in the 1st quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy in the 1st quarter valued at $27,000. Finally, Mattson Financial Services LLC bought a new position in shares of Duke Energy in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Stock Down 0.1%

Shares of NYSE:DUK opened at $121.96 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The business has a fifty day simple moving average of $121.42 and a 200 day simple moving average of $119.19. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $127.85. The firm has a market cap of $94.84 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.94 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the business posted $1.18 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on DUK. JPMorgan Chase & Co. increased their price target on Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Barclays increased their price target on Duke Energy from $122.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research note on Tuesday, July 1st. UBS Group reaffirmed 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. Finally, Raymond James Financial initiated coverage on Duke Energy in a research report on Friday, June 13th. They set a "market perform" rating for the company. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Duke Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.62.

Insider Transactions at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value 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. The trade was a 12.61% 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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