Corient Private Wealth LLC Reduces Stock Holdings in Duke Energy Corporation $DUK

Corient Private Wealth LLC lowered its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 335,915 shares of the utilities provider’s stock after selling 5,193 shares during the quarter. Corient Private Wealth LLC’s holdings in Duke Energy were worth $39,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Duke Energy by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock valued at $9,172,709,000 after buying an additional 1,957,592 shares in the last quarter. Geode Capital Management LLC raised its stake in Duke Energy by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 19,292,633 shares of the utilities provider’s stock worth $2,266,675,000 after acquiring an additional 230,375 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Duke Energy by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,931,127 shares of the utilities provider’s stock valued at $1,046,818,000 after acquiring an additional 58,375 shares during the last quarter. Franklin Resources Inc. lifted its position in Duke Energy by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock valued at $965,446,000 after acquiring an additional 954,907 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Duke Energy by 0.4% in the third quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock valued at $960,139,000 after acquiring an additional 31,703 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Capitol Sec Mgt cut Duke Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Wells Fargo & Company raised their price target on Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. UBS Group cut their price target on Duke Energy from $137.00 to $135.00 in a research report on Monday, May 11th. Finally, Truist Financial reduced their price objective on Duke Energy from $142.00 to $137.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.07.

Duke Energy Trading Down 0.0%

NYSE DUK opened at $123.84 on Monday. The firm’s fifty day moving average is $125.43 and its two-hundred day moving average is $124.08. Duke Energy Corporation has a one year low of $113.89 and a one year high of $134.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. The firm has a market cap of $96.55 billion, a PE ratio of 18.97 and a beta of 0.39.

Duke Energy (NYSE:DUK) last announced its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. Analysts expect that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th were paid a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s dividend payout ratio is currently 65.24%.

Insider Buying and Selling

In other Duke Energy news, 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 directly owned 21,415 shares in the company, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the transaction, the chief executive officer directly owned 96,102 shares in the company, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.

Trending Headlines about Duke Energy

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke Energy is being highlighted as one of the large-cap dividend stocks that retirees are quietly buying, reinforcing its appeal as a steady income name for investors looking for yield and defensive cash flow. 3 Stocks Retirees Are Quietly Loading Up on in June
• Positive Sentiment: Another article also grouped Duke Energy with other utility stocks viewed as sources of passive income, which may support investor interest in the stock’s defensive dividend profile. 3 Utility Stocks For Years of Passive Income
• Positive Sentiment: Mizuho lowered its price target on Duke Energy only modestly to $135 from $139 while keeping an outperform rating, suggesting analysts still see upside from current levels. Mizuho PT Lowered to $135 at Mizuho
• Neutral Sentiment: Duke Energy Florida issued a customer energy-use reminder ahead of summer, which is routine utility communications and not likely to materially move the stock. Summer starts June 21: Duke Energy Florida highlights five key appliances to help customers manage energy use
• Neutral Sentiment: Several local outage reports and safety demonstrations are operational headlines that reflect day-to-day utility issues rather than a major change in Duke Energy’s earnings outlook. Duke Energy: Hundreds of customers without power in Greenville County
• Negative Sentiment: Coverage about a regulator sitting out Duke Energy carbon plan decisions and a separate story about a city examining whether to leave the utility add a bit of regulatory and political uncertainty. Pro-coal state regulator won’t participate in Duke Energy Carbon Plan decisions
• Negative Sentiment: Recent trading commentary noted that Duke Energy has been declining more than the broader market, indicating some near-term pressure on shares. Duke Energy (DUK) Declines More Than Market: Some Information for Investors

About Duke Energy

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.