2,544 Shares in Duke Energy Corporation $DUK Acquired by Family Legacy Financial Solutions LLC

Key Points

• Family Legacy Financial Solutions LLC has purchased 2,544 shares of Duke Energy Corporation, valued at approximately $300,000, reflecting growing interest from institutional investors in the utility sector.
• Several analysts have upgraded their price targets for Duke Energy, with Barclays raising its target from $122.00 to $131.00, leading to a consensus rating of "Moderate Buy" with an average target of $130.62.
• Duke Energy announced an increase in its quarterly dividend to $1.065 per share, up from $1.05, representing an annual yield of 3.5% and reflecting the company's ongoing commitment to returning value to shareholders.

Family Legacy Financial Solutions LLC purchased a new stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,544 shares of the utilities provider's stock, valued at approximately $300,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock worth $9,094,327,000 after acquiring an additional 1,676,061 shares in the last quarter. GQG Partners LLC boosted its holdings in Duke Energy by 17,880.0% in 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 purchasing an additional 10,192,503 shares during the period. Royal Bank of Canada boosted its holdings in Duke Energy by 4.9% in the 1st quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider's stock valued at $1,088,158,000 after purchasing an additional 418,014 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider's stock valued at $1,055,087,000 after buying an additional 93,699 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Duke Energy by 1.9% in the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider's stock valued at $994,496,000 after buying an additional 152,542 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Stock Up 0.3%

Shares of DUK traded up $0.35 during trading hours on Monday, reaching $121.43. The stock had a trading volume of 715,864 shares, compared to its average volume of 3,466,137. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. The firm has a 50-day simple moving average of $121.79 and a 200 day simple moving average of $119.34. 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 $94.43 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.92 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) 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 the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.Duke Energy's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a dividend of $1.065 per share. This is a boost from Duke Energy's previous quarterly dividend of $1.05. The ex-dividend date was Friday, August 15th. This represents a $4.26 annualized dividend and a yield of 3.5%. Duke Energy's dividend payout ratio (DPR) is 69.27%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DUK. Raymond James Financial began coverage on shares of Duke Energy in a research report on Friday, June 13th. They set a "market perform" rating for the company. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research note on Tuesday, July 1st. Barclays raised their target price on shares of Duke Energy from $122.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. BMO Capital Markets raised their target price on shares of Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley restated an "outperform" rating on shares of Duke Energy in a report on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $130.62.

Insider Buying and Selling at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm's 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 completion of the sale, the executive vice president directly owned 46,422 shares of the company's stock, valued at $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 through the SEC website. Also, 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 sale, the senior vice president directly 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 position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

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.