Venture Visionary Partners LLC Has $792,000 Stock Holdings in Duke Energy Corporation $DUK

Key Points

• Venture Visionary Partners LLC reduced its stake in Duke Energy by 43.3%, now holding 6,494 shares valued at $792,000.
• Duke Energy reported a quarterly earnings of $1.25 per share, below analysts' expectations of $1.29, despite a revenue increase of 4.7% year-over-year.
• The company announced an increase in its quarterly dividend to $1.065 per share, reflecting a 3.4% dividend yield for investors.

Venture Visionary Partners LLC trimmed its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 43.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,494 shares of the utilities provider's stock after selling 4,950 shares during the quarter. Venture Visionary Partners LLC's holdings in Duke Energy were worth $792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Duke Energy by 2.3% in the 1st 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 in the last quarter. GQG Partners LLC grew its holdings in Duke Energy by 17,880.0% in the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Duke Energy by 1.1% in 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 in the last quarter. Royal Bank of Canada grew its holdings in Duke Energy by 4.4% in the 4th quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider's stock valued at $916,168,000 after buying an additional 357,967 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Duke Energy by 1.9% in the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider's stock valued at $994,496,000 after buying an additional 152,542 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of DUK stock opened at $124.3720 on Thursday. 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 twelve month low of $105.20 and a twelve month high of $127.85. The company has a market cap of $96.71 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.99 and a beta of 0.36. The business has a fifty day simple moving average of $119.50 and a 200 day simple moving average of $118.20.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data 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). 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 the consensus estimate of $7.07 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. Duke Energy's quarterly revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, sell-side analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, August 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. This is an increase from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's dividend payout ratio is currently 69.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DUK shares. JPMorgan Chase & Co. upped their price objective on Duke Energy from $122.00 to $127.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Scotiabank increased their target price on Duke Energy from $120.00 to $128.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. Raymond James Financial assumed coverage on Duke Energy in a report on Friday, June 13th. They set a "market perform" rating on the stock. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a report on Tuesday, July 1st. Finally, UBS Group reissued a "neutral" rating and set a $127.00 target price (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.80.

Insider Buying and Selling at Duke Energy

In related 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 completion of the sale, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. This represents a 12.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

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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