Duke Energy Corporation $DUK Shares Sold by Dover Advisors LLC

Dover Advisors LLC reduced its position in Duke Energy Corporation (NYSE:DUK) by 4.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,588 shares of the utilities provider’s stock after selling 897 shares during the quarter. Duke Energy comprises about 1.0% of Dover Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Dover Advisors LLC’s holdings in Duke Energy were worth $2,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Activest Wealth Management increased its holdings in Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in Duke Energy during the fourth quarter worth about $27,000. Wayfinding Financial LLC acquired a new position in Duke Energy in the first quarter valued at about $27,000. N.E.W. Advisory Services LLC acquired a new position in Duke Energy in the first quarter valued at about $27,000. Finally, Mattson Financial Services LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

DUK has been the topic of several research reports. Scotiabank increased their price target on shares of Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 6th. Raymond James Financial started coverage on shares of Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. UBS Group reiterated a “neutral” rating and issued a $127.00 price target (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. BMO Capital Markets increased their price target on shares of Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Finally, Barclays increased their price target on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $130.62.

Duke Energy Stock Performance

Shares of DUK opened at $121.96 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The company’s 50 day simple moving average is $121.42 and its 200-day simple moving average is $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 PE ratio of 19.83, a price-to-earnings-growth ratio of 2.94 and a beta of 0.39.

Duke Energy (NYSE:DUK) last issued its quarterly 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). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the business earned $1.18 earnings per share. Duke Energy’s revenue for the quarter 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. As a group, equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be paid a dividend of $1.065 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. Duke Energy’s dividend payout ratio is presently 69.27%.

Insider Buying and Selling at Duke Energy

In related news, 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 transaction of $248,760.00. Following the completion of the sale, the senior vice president 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 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. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

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.