Brookstone Capital Management Reduces Stock Holdings in Duke Energy Corporation $DUK

Brookstone Capital Management lowered its stake in Duke Energy Corporation (NYSE:DUK) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,496 shares of the utilities provider’s stock after selling 4,492 shares during the period. Brookstone Capital Management’s holdings in Duke Energy were worth $14,911,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Simon Quick Advisors LLC boosted its stake in Duke Energy by 42.2% during the second quarter. Simon Quick Advisors LLC now owns 7,444 shares of the utilities provider’s stock worth $878,000 after acquiring an additional 2,210 shares in the last quarter. Westbourne Investments Inc. purchased a new position in shares of Duke Energy during the second quarter valued at approximately $282,000. Resolution Capital Ltd boosted its position in shares of Duke Energy by 7.6% in 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. Dogwood Wealth Management LLC grew its stake in shares of Duke Energy by 52.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 9,125 shares of the utilities provider’s stock worth $1,061,000 after buying an additional 3,152 shares during the last quarter. Finally, AMJ Financial Wealth Management increased its position in Duke Energy by 42.1% during the 2nd quarter. AMJ Financial Wealth Management now owns 81,530 shares of the utilities provider’s stock valued at $9,621,000 after buying an additional 24,155 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 0.7%

DUK opened at $117.55 on Thursday. The stock has a market capitalization of $91.41 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.69 and a beta of 0.49. The firm has a 50 day moving average price of $121.85 and a 200-day moving average price of $121.22. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 EPS. Equities research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Friday, November 14th were given a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, November 14th. Duke Energy’s dividend payout ratio is 66.98%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DUK. TD Cowen began coverage on Duke Energy in a report on Thursday, October 16th. They set a “buy” rating and a $143.00 price target for the company. BMO Capital Markets reduced their price objective on shares of Duke Energy from $138.00 to $136.00 in a research note on Monday, November 10th. Evercore ISI assumed coverage on shares of Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 target price for the company. The Goldman Sachs Group increased their price target on shares of Duke Energy from $138.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Wells Fargo & Company upgraded shares of Duke Energy to a “hold” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $136.50.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total value of $1,015,160.00. Following the transaction, the executive vice president directly owned 11,367 shares of the company’s stock, valued at approximately $1,407,234.60. This trade represents a 41.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Duke Energy Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.