Duke Energy Corporation $DUK Shares Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its holdings in Duke Energy Corporation by 110.0% in the 2nd quarter, now owning 17,216 shares valued at $2,032,000.
• Duke Energy reported earnings of $1.25 per share for the latest quarter, falling short of analysts' expectations, while revenue rose 4.7% year-over-year to $7.51 billion.
• The company announced a quarterly dividend of $1.065, representing a 3.4% yield, which is an increase from the previous dividend of $1.05.

Callan Family Office LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 110.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,216 shares of the utilities provider's stock after buying an additional 9,017 shares during the period. Callan Family Office LLC's holdings in Duke Energy were worth $2,032,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DUK. Reyes Financial Architecture Inc. increased its holdings in Duke Energy by 4.8% in the first quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider's stock valued at $223,000 after buying an additional 83 shares in the last quarter. Lokken Investment Group LLC raised its stake in shares of Duke Energy by 3.3% in the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider's stock valued at $321,000 after acquiring an additional 84 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Duke Energy by 0.3% in the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider's stock valued at $3,356,000 after acquiring an additional 85 shares during the period. Grandview Asset Management LLC increased its stake in Duke Energy by 0.6% during the 1st quarter. Grandview Asset Management LLC now owns 14,135 shares of the utilities provider's stock worth $1,724,000 after buying an additional 86 shares during the period. Finally, Clear Creek Financial Management LLC increased its stake in Duke Energy by 3.7% during the 1st quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider's stock worth $298,000 after buying an additional 86 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Price Performance

NYSE:DUK opened at $126.88 on Friday. The company has a market capitalization of $98.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 3.06 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. The company has a 50-day moving average of $123.06 and a 200-day moving average of $119.87. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85.

Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). The firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 15th. This is a boost from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's dividend payout ratio is 69.27%.

Insider Activity

In other news, SVP Bonnie B. Titone sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the transaction, the senior vice president owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $832,542.00. Following the transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DUK has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a research report on Thursday, August 21st. Scotiabank set a $137.00 target price on shares of Duke Energy and gave the company a "sector outperform" rating in a research note on Friday, October 3rd. Barclays boosted their price target 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. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research report on Tuesday, July 1st. Finally, BMO Capital Markets raised their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $134.08.

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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