Duke Energy Corporation $DUK Shares Acquired by CapWealth Advisors LLC

Key Points

• CapWealth Advisors LLC increased its holdings in Duke Energy by 7.8%, now owning approximately 208,455 shares valued at about $24.6 million.
• Analysts have raised price targets for Duke Energy, with BMO Capital Markets adjusting theirs from $132 to $135 and Jefferies from $134 to $138, reflecting a consensus rating of "Moderate Buy".
• Duke Energy announced a quarterly dividend of $1.065, with a payment date set for December 16, representing an annualized yield of 3.3%.

CapWealth Advisors LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,455 shares of the utilities provider's stock after buying an additional 15,157 shares during the period. Duke Energy makes up about 2.4% of CapWealth Advisors LLC's investment portfolio, making the stock its 16th largest holding. CapWealth Advisors LLC's holdings in Duke Energy were worth $24,598,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management boosted its position 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 worth $26,000 after buying an additional 105 shares during the period. N.E.W. Advisory Services LLC bought a new position in Duke Energy during the 1st quarter valued at $27,000. Wayfinding Financial LLC bought a new position in Duke Energy during the 1st quarter valued at $27,000. Mascoma Wealth Management LLC boosted its stake in Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its stake in Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 198 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DUK. BMO Capital Markets increased their price target on Duke Energy from $132.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. Jefferies Financial Group increased their price target on Duke Energy from $134.00 to $138.00 and gave the company a "hold" rating in a research note on Wednesday. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research note on Tuesday, July 1st. Scotiabank set a $137.00 price target on Duke Energy and gave the company a "sector outperform" rating in a research note on Friday, October 3rd. Finally, Cowen began coverage on Duke Energy in a research note on Wednesday. They set a "buy" rating for the company. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.77.

Insiders Place Their Bets

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction 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 owned 46,422 shares in the company, valued at $5,768,397.72. This 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 available at this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction on 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 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 disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $128.55 on Friday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $129.51. The stock has a fifty day moving average of $123.34 and a 200-day moving average of $120.13. The company has a market capitalization of $99.96 billion, a PE ratio of 20.90, 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 quick ratio of 0.42 and a current ratio of 0.66.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the company posted $1.18 EPS. Duke Energy's revenue 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 analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

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 $1.065 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. Duke Energy's dividend payout ratio is presently 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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