Duke Energy Corporation $DUK Holdings Decreased by Cooper Financial Group

Cooper Financial Group trimmed its position in Duke Energy Corporation (NYSE:DUK) by 62.6% in the second quarter, Holdings Channel.com reports. The fund owned 2,681 shares of the utilities provider’s stock after selling 4,488 shares during the period. Cooper Financial Group’s holdings in Duke Energy were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Alley Investment Management Company LLC increased its holdings in shares of Duke Energy by 1.1% in the 2nd quarter. Alley Investment Management Company LLC now owns 77,910 shares of the utilities provider’s stock valued at $9,193,000 after acquiring an additional 843 shares during the last quarter. First United Bank & Trust boosted its position in Duke Energy by 43.9% during the 2nd quarter. First United Bank & Trust now owns 2,327 shares of the utilities provider’s stock valued at $275,000 after purchasing an additional 710 shares during the period. Trivium Point Advisory LLC boosted its position in Duke Energy by 3.6% during the 2nd quarter. Trivium Point Advisory LLC now owns 12,148 shares of the utilities provider’s stock valued at $1,433,000 after purchasing an additional 422 shares during the period. XML Financial LLC boosted its position in Duke Energy by 17.9% during the 2nd quarter. XML Financial LLC now owns 5,576 shares of the utilities provider’s stock valued at $658,000 after purchasing an additional 845 shares during the period. Finally, Capital Investment Advisors LLC boosted its position in Duke Energy by 5.4% during the 2nd quarter. Capital Investment Advisors LLC now owns 62,083 shares of the utilities provider’s stock valued at $7,326,000 after purchasing an additional 3,166 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Down 0.7%

Shares of Duke Energy stock opened at $121.57 on Friday. The stock has a 50-day moving average price of $122.50 and a 200 day moving average price of $119.59. The company has a market cap of $94.53 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.95 and a beta of 0.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) 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 analysts’ expectations of $7.07 billion. During the same period in the prior year, the company posted $1.18 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business 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 represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DUK shares. BMO Capital Markets boosted their price objective on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Jefferies Financial Group lowered Duke Energy from a “buy” rating to a “hold” rating and reduced their price target for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. UBS Group reissued a “neutral” rating and issued a $127.00 price target (up previously from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research note on Tuesday, July 1st. Finally, Scotiabank increased their price target on Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 6th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.50.

Insider Buying and Selling

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value 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. This 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 currently owned by company insiders.

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.