Charter Capital Management LLC DE Purchases New Position in Duke Energy Corporation $DUK

Key Points

• Charter Capital Management LLC has purchased a new stake in Duke Energy Corporation, acquiring 3,042 shares valued at approximately $359,000 during the 2nd quarter.
• Duke Energy recently announced a quarterly dividend of $1.065 per share, marking an increase from its previous dividend and offering a yield of 3.5%.
• The company reported fiscal results showing earnings per share (EPS) of $1.25 for the quarter, which was below analysts' expectations of $1.29, while revenue increased by 4.7% year-over-year.

Charter Capital Management LLC DE purchased a new stake in Duke Energy Corporation (NYSE:DUK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,042 shares of the utilities provider's stock, valued at approximately $359,000.

Other large investors have also added to or reduced their stakes in the company. Andrew Hill Investment Advisors Inc. lifted its position in Duke Energy by 338.6% in the 1st quarter. Andrew Hill Investment Advisors Inc. now owns 37,763 shares of the utilities provider's stock valued at $4,606,000 after acquiring an additional 29,153 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Duke Energy by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider's stock valued at $35,575,000 after acquiring an additional 20,942 shares in the last quarter. Pinnacle Financial Partners Inc lifted its position in Duke Energy by 9.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider's stock valued at $14,451,000 after acquiring an additional 11,445 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its position in Duke Energy by 8.1% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider's stock valued at $6,264,000 after acquiring an additional 3,837 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider's stock valued at $1,055,087,000 after acquiring an additional 93,699 shares in the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Trading Up 1.2%

NYSE:DUK opened at $123.01 on Wednesday. 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 stock has a market capitalization of $95.65 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.93 and a beta of 0.39. The firm's 50 day moving average is $121.99 and its 200 day moving average is $119.40. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month 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 analysts' consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's payout ratio is presently 69.27%.

Insiders Place Their Bets

In other Duke Energy 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 46,422 shares in the company, valued at $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.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research report on Tuesday, July 1st. UBS Group reissued a "neutral" rating and set a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Raymond James Financial assumed coverage on shares of Duke Energy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Finally, Barclays lifted their target price on shares of Duke Energy from $122.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $130.62.

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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