BI Asset Management Fondsmaeglerselskab A S Acquires 40,089 Shares of Duke Energy Corporation $DUK

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Duke Energy by 138.6%, acquiring an additional 40,089 shares, bringing its total holdings to 69,014 shares valued at approximately $8.42 million.
• Duke Energy announced a quarterly dividend of $1.065 per share, marking an increase from its previous dividend, with a yield of 3.4% and a payout ratio of 69.27%.
• An analysis of Duke Energy's latest earnings revealed earnings per share (EPS) of $1.25 for the quarter, falling short of the estimated $1.29, despite reporting a revenue of $7.51 billion, exceeding expectations.

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 138.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,014 shares of the utilities provider's stock after purchasing an additional 40,089 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Duke Energy were worth $8,418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DUK. GQG Partners LLC raised its holdings in shares of Duke Energy by 17,880.0% during the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider's stock worth $1,250,133,000 after purchasing an additional 10,192,503 shares during the period. Nuveen LLC acquired a new stake in shares of Duke Energy during the first quarter worth $702,351,000. Raymond James Financial Inc. raised its holdings in shares of Duke Energy by 88.1% during the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider's stock worth $592,934,000 after purchasing an additional 2,276,948 shares during the period. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 1,676,061 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Duke Energy by 14,268.8% during the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider's stock worth $202,858,000 after purchasing an additional 1,651,608 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

DUK traded up $0.0740 on Friday, reaching $124.2140. The company had a trading volume of 2,182,812 shares, compared to its average volume of 3,497,655. Duke Energy Corporation has a one year low of $105.20 and a one year high of $127.85. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The company has a fifty day moving average of $119.78 and a 200-day moving average of $118.35. The company has a market capitalization of $96.59 billion, a P/E ratio of 20.20, a PEG ratio of 3.00 and a beta of 0.36.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share 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 the consensus estimate of $7.07 billion. During the same quarter last year, the business posted $1.18 EPS. The business'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 anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be issued a $1.065 dividend. The ex-dividend date is Friday, August 15th. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy's dividend payout ratio is 69.27%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DUK. Citigroup increased their target price on shares of Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a report on Thursday. Scotiabank increased their price objective on shares of Duke Energy from $120.00 to $128.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. Wells Fargo & Company increased their price objective on shares of Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Raymond James Financial began coverage on shares of Duke Energy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $130.07.

Insider Activity

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