Duke Energy Corporation $DUK Shares Purchased by Clough Capital Partners L P

Key Points

• Clough Capital Partners L P increased its stake in Duke Energy Corporation by 13.9%, holding a total of 53,352 shares valued at approximately $6.51 million.
• Duke Energy recently announced a quarterly dividend increase to $1.065 per share, with the latest payout scheduled for September 16th, reflecting a 3.5% yield.
• Despite a slight miss in EPS estimates for the last quarter, Duke Energy's revenue rose 4.7% year-over-year to $7.51 billion, showcasing growth potential.

Clough Capital Partners L P raised its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,352 shares of the utilities provider's stock after purchasing an additional 6,497 shares during the quarter. Clough Capital Partners L P's holdings in Duke Energy were worth $6,507,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new position in shares of Duke Energy during the 4th quarter worth about $27,000. Wayfinding Financial LLC acquired a new stake in Duke Energy in the 1st quarter valued at about $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Duke Energy in the 1st quarter valued at approximately $27,000. Mattson Financial Services LLC purchased a new stake in shares of Duke Energy in the 4th quarter valued at approximately $28,000. Finally, Financial Network Wealth Advisors LLC grew its stake 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 buying an additional 198 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Stock Down 0.5%

Duke Energy stock traded down $0.60 during mid-day trading on Tuesday, reaching $121.89. 2,448,957 shares of the company's stock were exchanged, compared to its average volume of 3,543,339. The company has a market cap of $94.78 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.96 and a beta of 0.39. 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. The company has a fifty day moving average of $120.70 and a 200-day moving average of $118.75.

Duke Energy (NYSE:DUK - Get Free Report) last announced 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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the business posted $1.18 earnings per share. Duke Energy's revenue for the quarter 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. Sell-side analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be paid a dividend of $1.065 per share. The ex-dividend date is Friday, August 15th. This represents a $4.26 annualized dividend and a 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 69.27%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were 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 of the company's stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy 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 completion of the sale, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DUK. JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Wells Fargo & Company increased their price objective on shares of Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. BMO Capital Markets increased their price objective on shares of Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research report on Tuesday, July 1st. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Duke Energy in a research report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $130.62.

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.