111 Capital Makes New Investment in Duke Energy Corporation $DUK

Key Points

• 111 Capital has acquired a new position in Duke Energy Corporation, purchasing 2,797 shares valued at approximately $330,000 in the second quarter.
• Duke Energy recently announced a quarterly dividend increase, raising it from $1.05 to $1.065 per share, representing an annualized dividend of $4.26 and a yield of 3.4%.
• Research analysts have given Duke Energy an average rating of "Moderate Buy" with a target price of $133.08, reflecting a strong interest in the stock among institutional investors.

111 Capital acquired a new position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,797 shares of the utilities provider's stock, valued at approximately $330,000.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock worth $9,094,327,000 after acquiring an additional 1,676,061 shares during the last quarter. GQG Partners LLC raised its position in shares of Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider's stock valued at $1,250,133,000 after buying an additional 10,192,503 shares in the last quarter. Royal Bank of Canada raised its position in shares of Duke Energy by 4.9% in the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider's stock valued at $1,088,158,000 after buying an additional 418,014 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Duke Energy by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider's stock valued at $1,055,087,000 after buying an additional 93,699 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Duke Energy by 1.9% in the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider's stock valued at $994,496,000 after buying an additional 152,542 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DUK shares. Evercore ISI set a $143.00 price target on shares of Duke Energy and gave the company an "outperform" rating in a research report on Monday. BMO Capital Markets lifted their price target on shares of Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Duke Energy in a research report on Saturday, September 27th. Raymond James Financial began coverage on shares of Duke Energy in a research note on Friday, June 13th. They issued a "market perform" rating on the stock. Finally, The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research note on Tuesday, July 1st. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $133.08.

Duke Energy Stock Performance

Shares of NYSE:DUK opened at $124.38 on Tuesday. The company's 50 day simple moving average is $122.71 and its 200 day simple moving average is $119.65. The stock has a market capitalization of $96.72 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a boost from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy's payout ratio is presently 69.27%.

Insiders Place Their Bets

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the sale, the senior vice president owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the sale, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.

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