Duke Energy Corporation $DUK Shares Bought by Tectonic Advisors LLC

Key Points

• Tectonic Advisors LLC increased its holdings in Duke Energy by 10.9%, now owning 72,923 shares valued at approximately $8.6 million.
• Duke Energy reported a quarterly earnings per share of $1.25, missing estimates of $1.29, while revenue exceeded expectations at $7.51 billion.
• The company announced a dividend increase to $1.065 per share, reflecting an annual yield of 3.4%, up from the previous dividend of $1.05.

Tectonic Advisors LLC boosted its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,923 shares of the utilities provider's stock after buying an additional 7,143 shares during the period. Tectonic Advisors LLC's holdings in Duke Energy were worth $8,605,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Reyes Financial Architecture Inc. lifted its stake in shares of 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 during the period. Lokken Investment Group LLC lifted its stake in shares of Duke Energy by 3.3% during the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider's stock worth $321,000 after purchasing an additional 84 shares during the period. Sheets Smith Wealth Management lifted its stake in shares of Duke Energy by 0.3% during the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider's stock worth $3,356,000 after purchasing an additional 85 shares during the period. Grandview Asset Management LLC lifted its stake in shares of 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 purchasing an additional 86 shares during the period. Finally, Clear Creek Financial Management LLC lifted its stake in shares of 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 purchasing an additional 86 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

NYSE:DUK opened at $125.30 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The firm has a 50-day moving average of $122.93 and a two-hundred day moving average of $119.73. The stock has a market cap of $97.44 billion, a P/E ratio of 20.37, a PEG ratio of 3.03 and a beta of 0.44. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). The firm had revenue of $7.51 billion during 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% on a year-over-year basis. During the same period in the previous year, the company 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 company 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 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's dividend payout ratio is currently 69.27%.

Insider Activity

In other news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated 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. Company insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

DUK has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered Duke Energy from a "buy" rating to a "hold" rating and reduced their price target for the stock from $141.00 to $134.00 in a research note on Friday, September 26th. Evercore ISI began coverage on Duke Energy in a report on Monday. They set an "outperform" rating and a $143.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. UBS Group restated a "neutral" rating and set a $127.00 price objective (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Finally, The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a report on Tuesday, July 1st. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $133.08.

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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