Duke Energy Corporation $DUK Shares Acquired by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Duke Energy Corporation by 154.2%, acquiring an additional 15,682 shares, bringing its total holdings to 25,849 shares valued at approximately $2.997 million.
• Duke Energy announced a quarterly dividend of $1.065 per share, increasing from the previous dividend of $1.05, with a yield of 3.4% and a payout ratio of 69.27%.
• Despite missing earnings estimates, Duke Energy reported a revenue increase of 4.7% year-over-year, with a quarterly revenue of $7.51 billion surpassing expectations.

CW Advisors LLC increased its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 154.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,849 shares of the utilities provider's stock after acquiring an additional 15,682 shares during the quarter. CW Advisors LLC's holdings in Duke Energy were worth $2,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Toth Financial Advisory Corp boosted its position in shares of Duke Energy by 31.6% in the first quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider's stock worth $42,000 after buying an additional 83 shares during the period. Reyes Financial Architecture Inc. boosted its position in shares of Duke Energy by 4.8% in the first quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider's stock worth $223,000 after buying an additional 83 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Duke Energy by 2.8% in the first quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider's stock worth $370,000 after buying an additional 84 shares during the period. Lokken Investment Group LLC boosted its position in shares of Duke Energy by 3.3% in the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider's stock worth $321,000 after buying an additional 84 shares during the period. Finally, Sheets Smith Wealth Management boosted its position in shares of Duke Energy by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider's stock worth $3,356,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Price Performance

NYSE DUK opened at $124.2140 on Friday. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The stock's 50-day moving average is $119.78 and its two-hundred day moving average is $118.38. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The firm has a market cap of $96.59 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 3.00 and a beta of 0.36.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results 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 company 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 earned $1.18 earnings per share. Duke Energy's quarterly 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. On average, analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business 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 dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.4%. This is an increase from Duke Energy's previous quarterly dividend of $1.05. The ex-dividend date is Friday, August 15th. Duke Energy's dividend payout ratio is 69.27%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Raymond James Financial assumed coverage on Duke Energy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. Barclays lifted their price objective on Duke Energy from $122.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. BMO Capital Markets lifted their price objective on Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Scotiabank lifted their price objective on Duke Energy from $120.00 to $128.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 6th. Finally, Citigroup lifted their price objective on Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Duke Energy currently has an average rating of "Moderate Buy" and an average target price of $130.07.

Insider Transactions at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the transaction, the senior vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated 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 transaction, the executive vice president owned 46,422 shares in the company, valued at $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. Insiders own 0.14% of the company's stock.

Duke Energy 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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