7,924 Shares in Duke Energy Corporation $DUK Acquired by Alamea Verwaltungs GmbH

Key Points

• Alamea Verwaltungs GmbH has acquired 7,924 shares of Duke Energy Corporation, valued at approximately $966,000, making it the firm's 10th largest position.
• Duke Energy reported $1.25 EPS for the last quarter, missing estimates by $0.04, while its revenue increased 4.7% year-over-year to $7.51 billion.
• The company announced a quarterly dividend increase to $1.065 per share, equating to an annualized yield of 3.5%, with a dividend payout ratio of 69.27%.

Alamea Verwaltungs GmbH acquired a new position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,924 shares of the utilities provider's stock, valued at approximately $966,000. Duke Energy accounts for approximately 0.8% of Alamea Verwaltungs GmbH's investment portfolio, making the stock its 10th largest position.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Duke Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock worth $9,094,327,000 after buying an additional 1,676,061 shares in the last quarter. GQG Partners LLC lifted its holdings in Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider's stock worth $1,250,133,000 after buying an additional 10,192,503 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Duke Energy by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider's stock worth $1,055,087,000 after buying an additional 93,699 shares in the last quarter. Royal Bank of Canada lifted its holdings in Duke Energy by 4.4% during the 4th quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider's stock worth $916,168,000 after buying an additional 357,967 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Duke Energy by 1.9% during the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider's stock worth $994,496,000 after buying an additional 152,542 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company's stock.

Duke Energy Stock Up 0.1%

Shares of NYSE:DUK opened at $122.45 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The firm's 50-day simple moving average is $120.59 and its 200-day simple moving average is $118.64. The company has a market cap of $95.22 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.96 and a beta of 0.36.

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

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, August 15th. This is an increase from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. Duke Energy's dividend payout ratio (DPR) is presently 69.27%.

Analyst Ratings Changes

DUK has been the topic of a number of research reports. BMO Capital Markets increased their target price on shares of Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a report on Tuesday, July 1st. UBS Group restated a "neutral" rating and issued a $127.00 price objective (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Morgan Stanley reaffirmed an "outperform" rating on shares of Duke Energy in a research report on Thursday, August 21st. Finally, Barclays increased their target price on shares of Duke Energy from $122.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Duke Energy has an average rating of "Moderate Buy" and a consensus target price of $130.62.

Insider Transactions at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares of the company's stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. This represents a 9.26% 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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