Duke Energy Corporation $DUK Shares Acquired by Dynamic Advisor Solutions LLC

Key Points

• Dynamic Advisor Solutions LLC increased its holdings in Duke Energy Corporation by 23.8% during the second quarter, owning a total of 31,683 shares valued at approximately $3.74 million.
• Duke Energy reported a Q2 EPS of $1.25, missing expectations by $0.04, but had a year-over-year revenue increase of 4.7% to $7.51 billion.
• The company recently raised its quarterly dividend to $1.065, showing a commitment to return value to shareholders with a current yield of 3.5%.

Dynamic Advisor Solutions LLC raised its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 23.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,683 shares of the utilities provider's stock after purchasing an additional 6,095 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Duke Energy were worth $3,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management raised its holdings in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock valued at $26,000 after buying an additional 105 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in Duke Energy during the fourth quarter worth about $27,000. Wayfinding Financial LLC purchased a new position in Duke Energy during the first quarter worth about $27,000. N.E.W. Advisory Services LLC purchased a new position in Duke Energy during the first quarter worth about $27,000. Finally, Mattson Financial Services LLC purchased a new position in Duke Energy during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 65.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Morgan Stanley restated an "outperform" rating on shares of Duke Energy in a research report on Thursday, August 21st. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research report on Tuesday, July 1st. Raymond James Financial initiated coverage on shares of Duke Energy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Finally, UBS Group reiterated a "neutral" rating and issued a $127.00 price target (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Nine 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, Duke Energy has a consensus rating of "Moderate Buy" and an average price target of $130.62.

Insider Buying and Selling

In other news, SVP Bonnie B. Titone sold 2,000 shares of the company's stock in a transaction that occurred 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 directly owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 46,422 shares of the company's stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Duke Energy Stock Performance

NYSE:DUK traded up $0.69 during mid-day trading on Friday, hitting $121.08. The stock had a trading volume of 4,842,020 shares, compared to its average volume of 2,380,597. The stock has a market capitalization of $94.15 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 2.92 and a beta of 0.39. The company has a 50 day simple moving average of $121.79 and a 200-day simple moving average of $119.31. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85. 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 (NYSE:DUK - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were paid a $1.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's dividend payout ratio (DPR) is currently 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.