8,838 Shares in Duke Energy Corporation $DUK Acquired by Violich Capital Management Inc.

Key Points

• Violich Capital Management Inc. has acquired 8,838 shares of Duke Energy Corporation, valued at approximately $1,043,000, in the second quarter.
• Duke Energy reported $1.25 EPS for the last quarter, missing estimates by $0.04, while achieving a revenue of $7.51 billion, surpassing analyst expectations.
• The company announced a quarterly dividend of $1.065 per share, with a dividend yield of 3.3%, set to be paid on December 16th.

Violich Capital Management Inc. acquired a new position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,838 shares of the utilities provider's stock, valued at approximately $1,043,000.

Several other institutional investors also recently bought and sold shares of DUK. Activest Wealth Management grew its stake in Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock worth $26,000 after buying an additional 105 shares during the period. Wayfinding Financial LLC purchased a new stake in Duke Energy during the first quarter worth approximately $27,000. N.E.W. Advisory Services LLC purchased a new stake in Duke Energy during the first quarter worth approximately $27,000. Mascoma Wealth Management LLC grew its stake in Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider's stock worth $29,000 after buying an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its stake in Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock worth $31,000 after buying an additional 198 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Trading Up 0.9%

DUK opened at $128.55 on Friday. The stock has a market capitalization of $99.96 billion, a PE ratio of 20.90, a P/E/G ratio of 3.16 and a beta of 0.44. The firm's fifty day moving average price is $123.34 and its 200 day moving average price is $120.13. 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 12-month low of $105.20 and a 12-month high of $129.51.

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

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy's dividend payout ratio is 69.27%.

Insiders Place Their Bets

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the 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 $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DUK has been the subject of several analyst reports. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research note on Tuesday, July 1st. Scotiabank set a $137.00 target price on shares of Duke Energy and gave the company a "sector outperform" rating in a research note on Friday, October 3rd. Evercore ISI initiated coverage on shares of Duke Energy in a research note on Monday, October 6th. They issued an "outperform" rating and a $143.00 target price for the company. BMO Capital Markets upped their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. Finally, Barclays upped their target price on shares of Duke Energy from $131.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and a consensus target price of $136.77.

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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