Duke Energy Corporation $DUK Stock Holdings Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in Duke Energy Corporation (NYSE:DUK) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,637,162 shares of the utilities provider’s stock after selling 5,068 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of Duke Energy worth $326,349,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Duke Energy in the 2nd quarter worth $28,000. Access Investment Management LLC acquired a new position in shares of Duke Energy in the second quarter worth about $31,000. Trifecta Capital Advisors LLC increased its position in shares of Duke Energy by 2,284.6% in the second quarter. Trifecta Capital Advisors LLC now owns 310 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 297 shares in the last quarter. Anfield Capital Management LLC raised its holdings in shares of Duke Energy by 2,608.3% during the second quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 313 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Duke Energy in the 3rd quarter valued at approximately $39,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Scotiabank increased their target price on Duke Energy from $137.00 to $146.00 and gave the company a “sector outperform” rating in a report on Tuesday, December 16th. Morgan Stanley restated an “underperform” rating and set a $130.00 price objective on shares of Duke Energy in a research report on Wednesday, January 21st. UBS Group reduced their price target on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Mizuho boosted their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Finally, Barclays cut their target price on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average price target of $134.50.

Duke Energy Price Performance

NYSE DUK opened at $122.21 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $95.04 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.64 and a beta of 0.51. Duke Energy Corporation has a 12-month low of $110.51 and a 12-month high of $130.03. The company has a 50 day moving average price of $118.08 and a two-hundred day moving average price of $121.58.

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

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, February 13th. Duke Energy’s dividend payout ratio (DPR) is 66.98%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the business’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 completion of the sale, the executive vice president owned 11,367 shares of the company’s stock, valued at $1,407,234.60. The trade was a 41.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

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.