Duke Energy Corporation $DUK Shares Purchased by Strategic Blueprint LLC

Key Points

• Strategic Blueprint LLC increased its holdings in Duke Energy by 9.1% in Q2, owning 23,923 shares valued at approximately $2.83 million.
• Duke Energy reported $1.25 earnings per share (EPS) in its last quarter, missing expectations by 4 cents, but revenue reached $7.51 billion, exceeding estimates.
• The company declared a $1.065 quarterly dividend, set to be paid on December 16, 2023, with an annual yield of 3.3%.

Strategic Blueprint LLC lifted its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 9.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,923 shares of the utilities provider's stock after purchasing an additional 2,000 shares during the quarter. Strategic Blueprint LLC's holdings in Duke Energy were worth $2,823,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Forum Financial Management LP boosted its position in shares of Duke Energy by 37.1% in the 2nd quarter. Forum Financial Management LP now owns 2,826 shares of the utilities provider's stock worth $333,000 after purchasing an additional 764 shares in the last quarter. Ethic Inc. boosted its position in shares of Duke Energy by 1.9% in the 2nd quarter. Ethic Inc. now owns 13,413 shares of the utilities provider's stock worth $1,568,000 after purchasing an additional 250 shares in the last quarter. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Duke Energy in the 2nd quarter worth $17,700,000. Patten Group Inc. lifted its position in Duke Energy by 1.3% during the 2nd quarter. Patten Group Inc. now owns 12,333 shares of the utilities provider's stock worth $1,455,000 after acquiring an additional 154 shares during the period. Finally, Members Trust Co lifted its position in Duke Energy by 17.7% during the 2nd quarter. Members Trust Co now owns 5,485 shares of the utilities provider's stock worth $647,000 after acquiring an additional 825 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Stock Performance

Shares of DUK stock opened at $127.25 on Friday. The stock has a market cap of $98.95 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 3.17 and a beta of 0.44. The business has a 50-day simple moving average of $123.61 and a 200-day simple moving average of $120.36. 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 Corporation has a 52-week low of $105.20 and a 52-week high of $130.03.

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 (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to analyst estimates 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 period last year, the firm earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, November 14th. Duke Energy's payout ratio is currently 69.27%.

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the transaction, the senior vice president owned 19,608 shares in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated Tuesday, August 12th. The shares were 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. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on DUK shares. Barclays lifted their price target on Duke Energy from $131.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 14th. Cowen started coverage on Duke Energy in a research report on Wednesday, October 15th. They set a "buy" rating for the company. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research report on Tuesday, July 1st. BMO Capital Markets lifted their price target on Duke Energy from $132.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, October 10th. Finally, BTIG Research raised Duke Energy to a "strong-buy" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $138.36.

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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