Dimensional Fund Advisors LP Has $236.55 Million Position in Duke Energy Corporation $DUK

Key Points

• Dimensional Fund Advisors LP raised its holdings in Duke Energy Corporation by 2.5% during the first quarter, now owning nearly 2 million shares valued at approximately $236.55 million.
• Duke Energy recently reported a quarterly earnings per share of $1.25, falling short of analysts' expectations, but showcased a 4.7% year-over-year revenue growth.
• The company announced an increase in its quarterly dividend to $1.065 per share, yielding 3.4%, to be paid on September 16th.

Dimensional Fund Advisors LP lifted its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,939,782 shares of the utilities provider's stock after purchasing an additional 48,052 shares during the period. Dimensional Fund Advisors LP owned about 0.25% of Duke Energy worth $236,552,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in 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 acquiring an additional 700 shares in the last quarter. XTX Topco Ltd acquired a new stake in Duke Energy in the fourth quarter valued at $309,000. Forum Financial Management LP acquired a new stake in Duke Energy in the fourth quarter valued at $222,000. First Trust Advisors LP increased its stake in Duke Energy by 11.6% during the fourth quarter. First Trust Advisors LP now owns 1,666,892 shares of the utilities provider's stock valued at $179,591,000 after purchasing an additional 173,681 shares during the last quarter. Finally, Curi RMB Capital LLC increased its stake in Duke Energy by 4.9% during the fourth quarter. Curi RMB Capital LLC now owns 15,406 shares of the utilities provider's stock valued at $1,660,000 after purchasing an additional 716 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 directly owned 46,422 shares of the company's stock, 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 can be accessed through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares of the company's stock, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on DUK. Barclays boosted their target price on shares of Duke Energy from $122.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Morgan Stanley lowered their target price on shares of Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research report on Tuesday, July 1st. BMO Capital Markets upped their price target on shares of Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, Citigroup upped their price target on shares of Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and an average target price of $130.07.

Duke Energy Trading Up 0.1%

DUK stock traded up $0.0740 during mid-day trading on Friday, reaching $124.2140. 2,182,812 shares of the stock traded hands, compared to its average volume of 3,497,655. The company has a current ratio of 0.66, a quick ratio of 0.42 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. The company has a market cap of $96.59 billion, a P/E ratio of 20.20, a P/E/G ratio of 3.00 and a beta of 0.36. The stock's fifty day moving average is $119.78 and its 200-day moving average is $118.35.

Duke Energy (NYSE:DUK - Get Free Report) last posted 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 firm had revenue of $7.51 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same period in the prior year, the company posted $1.18 earnings per share. Duke Energy's quarterly revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, sell-side analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

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

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.