Janney Capital Management LLC Sells 454 Shares of Duke Energy Corporation $DUK

Janney Capital Management LLC lessened its holdings in Duke Energy Corporation (NYSE:DUK) by 0.5% during the second quarter, HoldingsChannel.com reports. The firm owned 92,809 shares of the utilities provider’s stock after selling 454 shares during the period. Janney Capital Management LLC’s holdings in Duke Energy were worth $10,951,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Activest Wealth Management lifted its position in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy in the first quarter worth $27,000. Wayfinding Financial LLC bought a new stake in shares of Duke Energy in the first quarter worth $27,000. Financial Network Wealth Advisors LLC lifted its position in shares of Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares in the last quarter. Finally, American National Bank & Trust bought a new stake in shares of Duke Energy in the first quarter worth $36,000. Institutional investors own 65.31% of the company’s stock.

Insider Activity

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were 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. This represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’s 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 sale, the senior vice president directly owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $122.71 on Tuesday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $127.85. The company has a market cap of $95.42 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.97 and a beta of 0.39. The firm’s fifty day moving average price is $122.35 and its two-hundred day moving average price is $119.54. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Duke Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts expect 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 was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were paid a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, August 15th. Duke Energy’s dividend payout ratio is currently 69.27%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Raymond James Financial assumed coverage on shares of Duke Energy in a report on Friday, June 13th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a report on Tuesday, July 1st. Finally, BMO Capital Markets boosted their target price on shares of Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.50.

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.