Cross Staff Investments Inc Sells 332 Shares of Duke Energy Corporation $DUK

Cross Staff Investments Inc trimmed its position in Duke Energy Corporation (NYSE:DUK) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,449 shares of the utilities provider’s stock after selling 332 shares during the quarter. Cross Staff Investments Inc’s holdings in Duke Energy were worth $761,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DUK. GQG Partners LLC increased its stake in Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after acquiring an additional 10,192,503 shares during the last quarter. Nuveen LLC bought a new position in Duke Energy in the first quarter valued at approximately $702,351,000. Raymond James Financial Inc. increased its stake in Duke Energy by 88.1% in the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after acquiring an additional 2,276,948 shares during the last quarter. Vanguard Group Inc. increased its stake in Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after acquiring an additional 1,676,061 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in Duke Energy by 359.1% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock valued at $138,145,000 after acquiring an additional 885,900 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $126.88 on Friday. 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 stock has a market cap of $98.66 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 3.01 and a beta of 0.44. The company’s fifty day moving average is $123.06 and its 200 day moving average is $119.85.

Duke Energy (NYSE:DUK) last issued 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 during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the firm earned $1.18 EPS. The business’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. Sell-side analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group boosted their target price on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday. Scotiabank set a $137.00 target price on shares of Duke Energy and gave the stock a “sector outperform” rating in a research note on Friday, October 3rd. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research note on Tuesday, July 1st. Raymond James Financial assumed coverage on shares of Duke Energy in a research note on Friday, June 13th. They set a “market perform” rating on the stock. Finally, Morgan Stanley decreased 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 research note on Thursday, September 25th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.08.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’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 sale, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’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 sale, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. This trade 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.