Abel Hall LLC Has $227,000 Stake in Duke Energy Corporation $DUK

Abel Hall LLC lowered its stake in shares of Duke Energy Corporation (NYSE:DUK) by 16.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,921 shares of the utilities provider’s stock after selling 387 shares during the period. Abel Hall LLC’s holdings in Duke Energy were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DUK. Cambridge Investment Research Advisors Inc. increased its holdings in Duke Energy by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider’s stock worth $35,575,000 after purchasing an additional 20,942 shares in the last quarter. Pinnacle Financial Partners Inc increased its holdings in Duke Energy by 9.9% during the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock worth $14,451,000 after purchasing an additional 11,445 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in Duke Energy by 8.1% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock worth $6,264,000 after purchasing an additional 3,837 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Duke Energy by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after purchasing an additional 93,699 shares in the last quarter. Finally, Resolution Capital Ltd increased its holdings in Duke Energy by 7.6% during the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock worth $7,318,000 after purchasing an additional 4,255 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DUK. Scotiabank set a $137.00 price objective on Duke Energy and gave the stock a “sector outperform” rating in a report on Friday, October 3rd. Barclays boosted their price objective on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. UBS Group restated a “neutral” rating and issued a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Finally, Morgan Stanley cut their target price on 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 investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.08.

Duke Energy Trading Down 0.2%

Shares of DUK stock opened at $125.30 on Thursday. The company’s fifty day simple moving average is $122.93 and its two-hundred day simple moving average is $119.73. 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 Corporation has a 1 year low of $105.20 and a 1 year high of $127.85. The stock has a market capitalization of $97.44 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 3.03 and a beta of 0.44.

Duke Energy (NYSE:DUK) last released 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). The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were issued a $1.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s payout ratio is currently 69.27%.

Insider Buying and Selling at Duke Energy

In other news, 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 value of $832,542.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction on 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 transaction, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was 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 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.