Duke Energy Corporation $DUK Shares Acquired by Resolution Capital Ltd

Key Points

• Resolution Capital Ltd increased its stake in Duke Energy by 7.6%, now holding 59,995 shares valued at $7.32 million, accounting for 0.1% of its investment portfolio.
• Duke Energy reported $1.25 EPS for the last quarter, missing estimates, but had revenues of $7.51 billion, exceeding expectations of $7.07 billion.
• The company announced a dividend increase to $1.065 per share, yielding 3.5%, with the next payment scheduled for September 16th.

Resolution Capital Ltd boosted its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,995 shares of the utilities provider's stock after acquiring an additional 4,255 shares during the quarter. Duke Energy accounts for 0.1% of Resolution Capital Ltd's investment portfolio, making the stock its 25th biggest position. Resolution Capital Ltd's holdings in Duke Energy were worth $7,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Toth Financial Advisory Corp lifted its stake in shares of Duke Energy by 31.6% in the 1st quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 83 shares in the last quarter. Reyes Financial Architecture Inc. increased its position in Duke Energy by 4.8% during the 1st quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider's stock worth $223,000 after purchasing an additional 83 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Duke Energy by 2.8% during the first quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider's stock valued at $370,000 after buying an additional 84 shares in the last quarter. Lokken Investment Group LLC lifted its position in Duke Energy by 3.3% during the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider's stock valued at $321,000 after buying an additional 84 shares in the last quarter. Finally, Sheets Smith Wealth Management increased 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 acquiring an additional 85 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of NYSE DUK opened at $120.58 on Friday. The business has a 50 day moving average price of $121.08 and a two-hundred day moving average price of $118.92. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The firm has a market cap of $93.77 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.92 and a beta of 0.39. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK - Get Free Report) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The business had revenue of $7.51 billion for the quarter, compared to analysts' expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.18 earnings per share. 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 fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's payout ratio is presently 69.27%.

Analyst Ratings Changes

Several research firms recently weighed in on DUK. Barclays lifted their target price on shares of Duke Energy from $122.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Morgan Stanley restated an "outperform" rating on shares of Duke Energy in a research note on Thursday, August 21st. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a research note on Tuesday, July 1st. Scotiabank raised their target price on Duke Energy from $120.00 to $128.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. Finally, BMO Capital Markets increased their price objective on shares of Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.62.

Insider Transactions at Duke Energy

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

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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