Capital Advisors Inc. OK Reduces Holdings in Duke Energy Corporation $DUK

Capital Advisors Inc. OK lessened its holdings in Duke Energy Corporation (NYSE:DUK) by 10.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,019 shares of the utilities provider’s stock after selling 776 shares during the period. Capital Advisors Inc. OK’s holdings in Duke Energy were worth $828,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Activest Wealth Management lifted its stake in 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 buying an additional 105 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Duke Energy in the first quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy during the first quarter valued at $27,000. Mascoma Wealth Management LLC increased its position in Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC increased its position in Duke Energy by 360.0% during the 1st 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. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DUK has been the topic of several analyst reports. BMO Capital Markets raised their price target on shares of Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. UBS Group reissued a “neutral” rating and set a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research note on Saturday, September 27th. Finally, Evercore ISI set a $143.00 price objective on Duke Energy and gave the company an “outperform” rating in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.08.

Insider Buying and Selling

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy 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 in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Stock Performance

NYSE:DUK opened at $124.38 on Tuesday. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The firm’s 50 day moving average is $122.71 and its two-hundred day moving average is $119.65. The company has a market cap of $96.72 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.98 and a beta of 0.44. 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 (NYSE:DUK) last issued its 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 firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the business posted $1.18 earnings per share. The company’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. Analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was 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 presently 69.27%.

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.