NTV Asset Management LLC Trims Stock Position in Duke Energy Corporation $DUK

NTV Asset Management LLC cut its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,824 shares of the utilities provider’s stock after selling 235 shares during the quarter. NTV Asset Management LLC’s holdings in Duke Energy were worth $1,631,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management increased its position in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Duke Energy during the first quarter worth approximately $27,000. N.E.W. Advisory Services LLC purchased a new position in Duke Energy during the first quarter valued at approximately $27,000. Financial Network Wealth Advisors LLC increased its holdings in Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after buying an additional 198 shares during the period. Finally, Saudi Central Bank purchased a new position in Duke Energy during the first quarter valued at approximately $37,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DUK shares. JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a report on Saturday, September 27th. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the stock a “sector outperform” rating in a report on Friday. Raymond James Financial initiated coverage on shares of Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. Finally, Morgan Stanley cut their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.25.

Insiders Place Their Bets

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction on 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 transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The transaction 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 the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, the senior vice president owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Duke Energy Trading Up 1.7%

NYSE DUK opened at $123.58 on Friday. The company has a market capitalization of $96.10 billion, a PE ratio of 20.09, a P/E/G ratio of 2.93 and a beta of 0.44. The company has a fifty day moving average of $122.58 and a 200 day moving average of $119.61. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85. 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 posted its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were given a dividend of $1.065 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Duke Energy’s payout ratio is presently 69.27%.

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.