Prostatis Group LLC Lowers Holdings in Duke Energy Corporation $DUK

Prostatis Group LLC decreased its holdings in Duke Energy Corporation (NYSE:DUK) by 11.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,963 shares of the utilities provider’s stock after selling 367 shares during the quarter. Prostatis Group LLC’s holdings in Duke Energy were worth $350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Vanguard Group Inc. lifted its stake in shares of Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after purchasing an additional 1,676,061 shares in the last quarter. GQG Partners LLC lifted its stake in shares of Duke Energy by 17,880.0% in the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after purchasing an additional 10,192,503 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Duke Energy by 4.9% in the 1st quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after purchasing an additional 418,014 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after purchasing an additional 93,699 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Duke Energy by 1.9% in the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock valued at $994,496,000 after purchasing an additional 152,542 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DUK. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research report on Tuesday, July 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday. Barclays boosted their price target on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Finally, Evercore ISI started coverage on Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $134.08.

Duke Energy Stock Performance

Shares of DUK opened at $126.88 on Friday. The business’s 50 day moving average is $123.06 and its two-hundred day moving average is $119.87. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The firm has a market cap of $98.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 3.06 and a beta of 0.44. 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 (NYSE:DUK) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the company earned $1.18 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. 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 is currently 69.27%.

Insider Buying and Selling

In other news, SVP Bonnie B. Titone sold 2,000 shares of the business’s 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

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.