Duke Energy Corporation $DUK Shares Bought by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC significantly increased its stake in Duke Energy by 989.5% in the second quarter, owning 33,088 shares valued at approximately $3.9 million.
• Duke Energy recently announced a quarterly dividend of $1.065 per share, increasing the yield to 3.5%, up from the previous dividend of $1.05.
• Despite a revenue increase, Duke Energy's earnings per share for the last quarter was $1.25, missing analysts’ estimates of $1.29.

Pure Financial Advisors LLC raised its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 989.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,088 shares of the utilities provider's stock after purchasing an additional 30,051 shares during the quarter. Pure Financial Advisors LLC's holdings in Duke Energy were worth $3,904,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Activest Wealth Management lifted its position in Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock worth $26,000 after buying an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Duke Energy in the first quarter valued at $27,000. Wayfinding Financial LLC purchased a new stake in Duke Energy during the 1st quarter worth about $27,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 198 shares during the last quarter. Finally, Saudi Central Bank acquired a new position in Duke Energy in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 65.31% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DUK. JPMorgan Chase & Co. boosted their price target on Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a research note on Thursday, August 21st. Scotiabank increased their price target on Duke Energy from $120.00 to $128.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. Morgan Stanley lowered their target price on Duke Energy from $129.00 to $127.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Barclays lifted their target price on Duke Energy from $122.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Finally, BMO Capital Markets lifted their price target on Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.50.

Duke Energy Stock Performance

NYSE DUK opened at $122.42 on Thursday. The stock has a market cap of $95.19 billion, a P/E ratio of 19.91, a PEG ratio of 2.99 and a beta of 0.44. The company's 50-day simple moving average is $122.47 and its 200 day simple moving average is $119.59. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85. 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 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). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm had revenue of $7.51 billion for the quarter, compared to the consensus estimate 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, research analysts forecast 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 was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were paid a dividend of $1.065 per share. The ex-dividend date was Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. 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 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 transaction of $248,760.00. Following the completion of the sale, the senior vice president 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 hyperlink. 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 transaction, the executive vice president 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. 0.14% of the stock is owned by insiders.

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.

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