Duke Energy Corporation $DUK Stake Increased by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Duke Energy by 16.0%, acquiring an additional 16,632 shares, bringing its total to 120,768 shares valued at approximately $14.26 million.
• Duke Energy declared a new quarterly dividend of $1.065 per share, up from the previous dividend of $1.05, resulting in an annualized yield of 3.4%.
• Duke Energy's stock performance reported a miss in quarterly earnings, with EPS of $1.25 against an expected $1.29, although revenue was up 4.7% year-over-year at $7.51 billion.

Vanguard Personalized Indexing Management LLC increased its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 16.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,768 shares of the utilities provider's stock after buying an additional 16,632 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Duke Energy were worth $14,256,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Duke Energy during the first quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy during the first quarter worth about $27,000. Mascoma Wealth Management LLC grew its position in shares of Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider's stock worth $29,000 after acquiring an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC grew its position in shares of Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock worth $31,000 after acquiring an additional 198 shares during the last quarter. Institutional investors own 65.31% of the company's stock.

Insider Transactions at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the sale, the senior vice president directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the sale, the executive vice president directly owned 46,422 shares of the company's stock, 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. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Stock Performance

DUK stock opened at $126.88 on Friday. The company has a market capitalization of $98.66 billion, a P/E ratio of 20.63, a PEG ratio of 3.06 and a beta of 0.44. The company has a 50-day simple moving average of $123.06 and a 200 day simple moving average of $119.87. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week 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 posted 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). The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were issued 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 a positive change from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's dividend payout ratio is currently 69.27%.

Analysts Set New Price Targets

DUK has been the subject of several recent research reports. Jefferies Financial Group lowered shares of Duke Energy from a "buy" rating to a "hold" rating and lowered their price target for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. Evercore ISI initiated coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an "outperform" rating and a $143.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the stock a "sector outperform" rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Duke Energy in a report on Wednesday. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $134.08.

Duke Energy 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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