Asset Management One Co. Ltd. Purchases 2,515 Shares of Duke Energy Corporation $DUK

Key Points

• Asset Management One Co. Ltd. increased its stake in Duke Energy by 0.7%, acquiring an additional 2,515 shares for a total of 380,420 shares, valued at approximately $44.89 million.
• In recent insider activity, Duke Energy's EVP sold 6,700 shares for over $832,000, representing a 12.61% decrease in ownership, while a senior vice president also sold 2,000 shares.
• Analysts have raised their target price for Duke Energy to a consensus of $138.36, with a current average rating of "Moderate Buy" based on several upgrades from major investment firms.

Asset Management One Co. Ltd. boosted its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 380,420 shares of the utilities provider's stock after acquiring an additional 2,515 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Duke Energy were worth $44,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DUK. Activest Wealth Management grew its stake in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock valued at $26,000 after buying an additional 105 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Duke Energy during the first quarter valued at about $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy during the first quarter valued at about $27,000. Mascoma Wealth Management LLC grew its stake in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider's stock worth $29,000 after purchasing an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC grew its stake in shares of Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock worth $31,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 65.31% of the company's stock.

Insider Activity at Duke Energy

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

Analyst Ratings Changes

DUK has been the topic of several recent analyst reports. Barclays raised their target price on Duke Energy from $131.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 14th. BMO Capital Markets raised their target price on Duke Energy from $132.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, October 10th. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a research note on Tuesday, July 1st. BTIG Research raised Duke Energy to a "strong-buy" rating in a research note on Wednesday. Finally, Evercore ISI started coverage on shares of Duke Energy in a report on Monday, October 6th. They issued an "outperform" rating and a $143.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.36.

Duke Energy Stock Performance

Shares of DUK opened at $127.41 on Friday. The company has a 50-day simple moving average of $123.71 and a two-hundred day simple moving average of $120.44. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03. The firm has a market capitalization of $99.07 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 3.13 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 (NYSE:DUK - Get Free Report) last released its 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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the previous year, the business posted $1.18 earnings per share. Duke Energy'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. On average, analysts anticipate 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. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, November 14th. Duke Energy's dividend payout ratio (DPR) is presently 69.27%.

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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