Beacon Investment Advisory Services Inc. Has $6.58 Million Position in Duke Energy Corporation $DUK

Key Points

• Beacon Investment Advisory Services Inc. increased its position in Duke Energy Corporation by 8.5% in Q2, holding 55,725 shares valued at approximately $6.58 million.
• Duke Energy's latest earnings report revealed a miss in EPS with a reported $1.25, below the consensus of $1.29, despite a 4.7% increase in revenue year-over-year.
• The company raised its quarterly dividend to $1.065 per share, reflecting a 3.4% yield, and has set a fiscal year 2025 EPS guidance of $6.170-6.420.

Beacon Investment Advisory Services Inc. increased its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,725 shares of the utilities provider's stock after acquiring an additional 4,371 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Duke Energy were worth $6,576,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 1,676,061 shares during the last quarter. GQG Partners LLC increased its position 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 during the period. Royal Bank of Canada increased its position in Duke Energy by 4.9% during the 1st quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider's stock worth $1,088,158,000 after buying an additional 418,014 shares during the period. Charles Schwab Investment Management Inc. increased its position 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 during the period. Finally, Northern Trust Corp increased its position 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 during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DUK shares. UBS Group reiterated a "neutral" rating and set a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Barclays increased their price objective on Duke Energy from $122.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research report on Tuesday, July 1st. Raymond James Financial started coverage on Duke Energy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Finally, BMO Capital Markets increased their price objective on Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $130.62.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of 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 disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Duke Energy Stock Performance

NYSE:DUK opened at $123.70 on Thursday. The stock's 50-day simple moving average is $122.10 and its 200 day simple moving average is $119.43. The firm has a market capitalization of $96.19 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.97 and a beta of 0.39. 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 twelve month low of $105.20 and a twelve month 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 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.18 earnings per share. 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 Increases Dividend

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

Duke Energy Company Profile

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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