Cary Street Partners Financial LLC Boosts Stock Holdings in Duke Energy Corporation $DUK

Cary Street Partners Financial LLC grew its holdings in Duke Energy Corporation (NYSE:DUK) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,115 shares of the utilities provider’s stock after purchasing an additional 4,434 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Duke Energy were worth $4,468,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DUK. Brighton Jones LLC raised its stake in Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after buying an additional 700 shares in the last quarter. Empowered Funds LLC boosted its position in Duke Energy by 19.6% during the 1st quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock valued at $2,825,000 after acquiring an additional 3,797 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in Duke Energy by 1.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock valued at $3,686,000 after acquiring an additional 315 shares in the last quarter. AXA S.A. increased its holdings in shares of Duke Energy by 523.4% in the 2nd quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock valued at $4,983,000 after acquiring an additional 35,458 shares during the period. Finally, Nebula Research & Development LLC purchased a new position in shares of Duke Energy in the 2nd quarter valued at $954,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In related news, CEO Harry K. Sideris sold 20,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. This trade represents a 17.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the transaction, the chief executive officer owned 21,415 shares in the company, valued at approximately $2,680,087.25. The trade was a 14.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

Duke Energy Stock Down 0.5%

DUK opened at $125.08 on Wednesday. The company has a market cap of $97.51 billion, a PE ratio of 19.15 and a beta of 0.41. Duke Energy Corporation has a twelve month low of $113.39 and a twelve month high of $134.49. The company has a 50-day moving average price of $127.96 and a 200 day moving average price of $124.05. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping the consensus estimate of $1.87 by $0.06. The company had revenue of $9.18 billion during the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.Duke Energy’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.76 EPS. Sell-side analysts expect that Duke Energy Corporation will post 6.71 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be issued a $1.065 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. Duke Energy’s dividend payout ratio is presently 65.24%.

Analyst Ratings Changes

DUK has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research note on Monday, May 4th. JPMorgan Chase & Co. cut their target price on Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Jefferies Financial Group decreased their price target on shares of Duke Energy from $143.00 to $138.00 in a research report on Monday, May 11th. Morgan Stanley lowered their price target on shares of Duke Energy from $141.00 to $132.00 in a report on Thursday, May 21st. Finally, Barclays lifted their price objective on shares of Duke Energy from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $139.07.

Duke Energy Company 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.