Duke Energy Corporation $DUK Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in Duke Energy Corporation (NYSE:DUK) by 3.7% during the second quarter, HoldingsChannel reports. The firm owned 202,714 shares of the utilities provider’s stock after selling 7,724 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Duke Energy were worth $25,660,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DUK. Geode Capital Management LLC increased its holdings in shares of Duke Energy by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 19,292,633 shares of the utilities provider’s stock valued at $2,266,675,000 after purchasing an additional 230,375 shares during the last quarter. Franklin Resources Inc. boosted its stake in Duke Energy by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after buying an additional 954,907 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Duke Energy in the 2nd quarter valued at $605,680,000. Janus Henderson Group PLC grew its holdings in Duke Energy by 5,254.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock valued at $358,227,000 after buying an additional 2,684,721 shares in the last quarter. Finally, Capital Wealth Planning LLC increased its stake in shares of Duke Energy by 9.6% in the 4th quarter. Capital Wealth Planning LLC now owns 2,678,696 shares of the utilities provider’s stock worth $314,250,000 after acquiring an additional 234,810 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Trading Down 1.8%

Shares of Duke Energy stock traded down $2.05 during trading hours on Wednesday, hitting $114.26. The company’s stock had a trading volume of 3,883,198 shares, compared to its average volume of 3,995,304. The stock has a market cap of $89.09 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.72 and a beta of 0.37. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. Duke Energy Corporation has a twelve month low of $113.89 and a twelve month high of $134.49. The firm has a fifty day moving average of $122.75 and a 200-day moving average of $125.58.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. The firm had revenue of $7.59 billion during the quarter, compared to the consensus estimate of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. Research analysts forecast that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th were issued a $1.085 dividend. The ex-dividend date was Friday, August 14th. This represents a $4.34 annualized dividend and a dividend yield of 3.8%. This is an increase from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio (DPR) is currently 65.17%.

Analyst Upgrades and Downgrades

DUK has been the topic of several recent research reports. KeyCorp raised shares of Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 price target on the stock in a research report on Thursday, July 23rd. Wall Street Zen cut shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial decreased their target price on shares of Duke Energy from $138.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, August 17th. BMO Capital Markets dropped their price target on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Finally, Mizuho set a $136.00 price target on shares of Duke Energy in a report on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $137.56.

About Duke Energy

Duke Energy Corporation is an electric and natural gas utility holding company headquartered in Charlotte, North Carolina. The company generates, transmits, distributes and sells electricity, with a generation portfolio that includes natural gas, nuclear, coal, hydroelectric and renewable energy resources. It also operates natural gas distribution businesses and provides related energy services.

Duke Energy’s regulated electric utilities serve residential, commercial and industrial customers across the Carolinas, Florida, Indiana, Ohio and Kentucky.