Folger Nolan Fleming Douglas Capital Management Inc. Sells 516 Shares of Duke Energy Corporation $DUK

Folger Nolan Fleming Douglas Capital Management Inc. lessened its position in Duke Energy Corporation (NYSE:DUK) by 4.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,649 shares of the utilities provider’s stock after selling 516 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Duke Energy were worth $1,257,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in DUK. Activest Wealth Management grew its stake in Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 105 shares during the period. Wayfinding Financial LLC acquired a new stake in Duke Energy in the first quarter valued at approximately $27,000. N.E.W. Advisory Services LLC acquired a new stake in Duke Energy in the first quarter valued at approximately $27,000. Mascoma Wealth Management LLC grew its stake in Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its stake in Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 198 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DUK. Scotiabank set a $137.00 target price on Duke Energy and gave the company a “sector outperform” rating in a report on Friday, October 3rd. Morgan Stanley dropped their target price on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. raised their target price on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. BMO Capital Markets raised their target price on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a report on Friday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.08.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $126.88 on Friday. The business’s fifty day simple moving average is $123.06 and its 200 day simple moving average is $119.85. The firm has a market capitalization of $98.66 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 3.01 and a beta of 0.44. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. 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 (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The business had revenue of $7.51 billion for 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 business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 earnings per share. 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 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors 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 yield of 3.4%. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, August 15th. Duke Energy’s dividend payout ratio is 69.27%.

Insiders Place Their Bets

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $832,542.00. Following the completion of the sale, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.