BROOKFIELD Corp ON Cuts Stake in Duke Energy Corporation $DUK

BROOKFIELD Corp ON lowered its position in shares of Duke Energy Corporation (NYSE:DUK) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 728,028 shares of the utilities provider’s stock after selling 57,873 shares during the period. Duke Energy comprises approximately 0.5% of BROOKFIELD Corp ON’s holdings, making the stock its 25th largest holding. BROOKFIELD Corp ON owned about 0.09% of Duke Energy worth $88,798,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. 1248 Management LLC purchased a new stake in Duke Energy during the first quarter worth $72,000. Blue Oak Capital LLC purchased a new position in shares of Duke Energy in the 1st quarter valued at $206,000. Harold Davidson & Associates Inc. increased its holdings in shares of Duke Energy by 17.3% in the 1st quarter. Harold Davidson & Associates Inc. now owns 3,531 shares of the utilities provider’s stock valued at $431,000 after acquiring an additional 520 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Duke Energy by 32.5% in the 1st quarter. Jones Financial Companies Lllp now owns 677,924 shares of the utilities provider’s stock valued at $81,174,000 after acquiring an additional 166,403 shares during the period. Finally, Vista Cima Wealth Management LLC purchased a new position in shares of Duke Energy in the 1st quarter valued at $54,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of DUK opened at $122.22 on Friday. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. The stock has a fifty day moving average price of $121.33 and a 200-day moving average price of $119.11. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The firm has a market cap of $95.04 billion, a PE ratio of 19.87, a P/E/G ratio of 2.93 and a beta of 0.39.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis 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 of this dividend is Friday, August 15th. Duke Energy’s dividend payout ratio is presently 69.27%.

Insiders Place Their Bets

In other 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 sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 sale, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DUK. JPMorgan Chase & Co. lifted 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. UBS Group reiterated a “neutral” rating and issued a $127.00 price target (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Raymond James Financial began coverage on Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. Barclays lifted their price target on Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Finally, Morgan Stanley reiterated an “outperform” rating on shares of Duke Energy in a report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.62.

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.