Duke Energy Corporation $DUK Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc has increased its stake in Duke Energy Corporation by 3.0%, now owning 355,559 shares worth approximately $41.96 million.
• Duke Energy reported a quarterly earnings per share of $1.25, below the analyst consensus estimate of $1.29, although revenue rose to $7.51 billion.
• The company has declared a quarterly dividend of $1.065 per share, yielding 3.3%, with a payout ratio currently at 69.27%.

TD Asset Management Inc grew its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 3.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 355,559 shares of the utilities provider's stock after acquiring an additional 10,416 shares during the period. TD Asset Management Inc's holdings in Duke Energy were worth $41,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DUK. GQG Partners LLC lifted its position in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider's stock valued at $1,250,133,000 after acquiring an additional 10,192,503 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Duke Energy during the 1st quarter valued at $702,351,000. Raymond James Financial Inc. lifted its position in shares of Duke Energy by 88.1% during the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider's stock valued at $592,934,000 after acquiring an additional 2,276,948 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Duke Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock valued at $9,094,327,000 after acquiring an additional 1,676,061 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Duke Energy by 359.1% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider's stock valued at $138,145,000 after acquiring an additional 885,900 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Trading Down 1.0%

NYSE DUK opened at $127.43 on Friday. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $129.51. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $99.09 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 3.16 and a beta of 0.44. The firm's fifty day simple moving average is $123.27 and its 200-day simple moving average is $120.08.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results 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 return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the company posted $1.18 earnings per share. The company's 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, sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DUK. Barclays increased their target price on Duke Energy from $131.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday. Scotiabank set a $137.00 target price on Duke Energy and gave the company a "sector outperform" rating in a report on Friday, October 3rd. UBS Group increased their target price on Duke Energy from $131.00 to $137.00 and gave the company a "neutral" rating in a report on Friday, October 10th. Jefferies Financial Group lowered Duke Energy from a "buy" rating to a "hold" rating and reduced their target price for the company from $141.00 to $134.00 in a report on Friday, September 26th. Finally, The Goldman Sachs Group set a $132.00 target price on Duke Energy in a report on Tuesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $136.08.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction 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 transaction, the senior vice president directly owned 19,608 shares of the company's stock, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

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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