Capital Investment Advisors LLC Raises Position in Duke Energy Corporation $DUK

Key Points

• Capital Investment Advisors LLC increased its stake in Duke Energy Corporation by 5.4% during the second quarter, holding a total of 62,083 shares valued at approximately $7.33 million.
• Duke Energy announced its quarterly earnings, reporting $1.25 EPS, which missed the consensus estimate of $1.29, but its revenue of $7.51 billion exceeded expectations.
• The company has declared a quarterly dividend of $1.065, reflecting an increase from its previous dividend of $1.05, resulting in an annualized yield of 3.5% for shareholders.

Capital Investment Advisors LLC grew its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,083 shares of the utilities provider's stock after purchasing an additional 3,166 shares during the quarter. Capital Investment Advisors LLC's holdings in Duke Energy were worth $7,326,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DUK. Brighton Jones LLC grew its holdings in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider's stock valued at $728,000 after purchasing an additional 700 shares during the period. Parallel Advisors LLC raised its position in shares of Duke Energy by 15.1% during the 1st quarter. Parallel Advisors LLC now owns 9,539 shares of the utilities provider's stock valued at $1,163,000 after buying an additional 1,255 shares during the period. Fifth Third Wealth Advisors LLC raised its position in shares of Duke Energy by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 13,508 shares of the utilities provider's stock valued at $1,648,000 after buying an additional 377 shares during the period. 180 Wealth Advisors LLC purchased a new stake in shares of Duke Energy during the 1st quarter valued at approximately $226,000. Finally, American National Bank & Trust purchased a new stake in shares of Duke Energy during the 1st quarter valued at approximately $36,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

NYSE:DUK opened at $122.71 on Tuesday. The company has a fifty day simple moving average of $122.35 and a two-hundred day simple moving average of $119.54. The company has a market cap of $95.42 billion, a price-to-earnings ratio of 19.95, 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 52 week low of $105.20 and a 52 week high of $127.85.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly 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 business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business's revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. 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 payout ratio is presently 69.27%.

Analyst Upgrades and Downgrades

DUK has been the topic of several analyst reports. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research report on Tuesday, July 1st. Jefferies Financial Group lowered shares of Duke Energy from a "buy" rating to a "hold" rating and reduced their price target for the company from $141.00 to $134.00 in a research report on Friday. BMO Capital Markets boosted their target price on Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Morgan Stanley cut their target price on Duke Energy from $129.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. boosted their target price on Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a research report on Thursday, August 21st. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $131.50.

Insiders Place Their Bets

In related news, SVP Bonnie B. Titone sold 2,000 shares of the business's 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 completion of the transaction, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business's 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 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 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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