Farther Finance Advisors LLC Increases Position in Duke Energy Corporation $DUK

Key Points

• Farther Finance Advisors increased its Duke Energy position by 25.1% in the second quarter to 76,905 shares valued at approximately $9.7 million. Institutional investors collectively own 65.31% of the company.
• Duke Energy reported quarterly EPS of $1.43, beating estimates of $1.30, while revenue rose 1.1% year over year to $7.59 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $138.44.
• The company raised its quarterly dividend to $1.085 per share, equivalent to an annualized $4.34 payout and a 3.5% yield. Investors also face potential dilution from a 40-million-unit equity offering and regulatory opposition to a proposed North Carolina rate increase.

Farther Finance Advisors LLC lifted its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 25.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,905 shares of the utilities provider's stock after acquiring an additional 15,417 shares during the period. Farther Finance Advisors LLC's holdings in Duke Energy were worth $9,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LifeSteps Financial Inc. purchased a new stake in Duke Energy during the 2nd quarter valued at about $139,000. Ballentine Partners LLC raised its stake in shares of Duke Energy by 32.7% in the second quarter. Ballentine Partners LLC now owns 14,134 shares of the utilities provider's stock worth $1,789,000 after purchasing an additional 3,480 shares during the last quarter. InTrack Investment Management Inc raised its stake in shares of Duke Energy by 4.7% in the second quarter. InTrack Investment Management Inc now owns 16,012 shares of the utilities provider's stock worth $2,027,000 after purchasing an additional 724 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in shares of Duke Energy during the second quarter worth about $819,000. Finally, Winthrop Advisory Group LLC lifted its holdings in shares of Duke Energy by 16.5% during the second quarter. Winthrop Advisory Group LLC now owns 2,613 shares of the utilities provider's stock worth $331,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Analyst Upgrades and Downgrades

DUK has been the topic of several research reports. UBS Group cut their price target on shares of Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. BMO Capital Markets decreased their price objective on shares of Duke Energy from $134.00 to $132.00 and set an "outperform" rating for the company in a research note on Wednesday, August 5th. Truist Financial increased their price objective on shares of Duke Energy from $137.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. BTIG Research reissued a "buy" rating on shares of Duke Energy in a report on Thursday, July 23rd. Finally, Jefferies Financial Group decreased their target price on shares of Duke Energy from $143.00 to $138.00 in a research report on Monday, May 11th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Duke Energy has a consensus rating of "Moderate Buy" and an average target price of $138.44.

Key Duke Energy News

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Utilities could benefit from rising electricity demand tied to the rapid expansion of artificial-intelligence data centers. The trend supports Duke Energy’s long-term generation and grid-investment opportunity, although the referenced article focuses on utility ETFs rather than DUK specifically. Utility ETFs to Buy as Rapid AI Buildout Sparks Energy Crisis
• Positive Sentiment: Duke Energy has restored most power after severe storms in Greater Cincinnati, with nearly 223,000 outages addressed and crews working to restore the remaining customers. Faster restoration limits prolonged service disruption and reputational damage. Duke Energy restores 85% of Greater Cincinnati outages
• Neutral Sentiment: The Duke Energy Foundation announced $500,000 for North Carolina small-business programs and emergency grants for storm recovery in Ohio and Kentucky. The initiatives may support community relations but are not financially material to DUK. Duke Energy invests $500,000 to help small businesses
• Negative Sentiment: Duke Energy completed the sale of 40 million equity units. The financing provides capital for infrastructure and growth, but the additional equity can dilute existing shareholders and signals substantial funding needs. Duke Energy Completes Major Equity Units Financing Offering
• Negative Sentiment: North Carolina Attorney General Jeff Jackson is challenging a proposed 6.8% residential rate increase and rejecting the related settlement. Regulatory opposition raises uncertainty over Duke’s ability to recover costs and earn its targeted returns. AG Jeff Jackson rejects Duke Energy settlement
• Negative Sentiment: A proposed Duke Energy plant is drawing opposition in Davie and Davidson counties, creating potential permitting, construction and political obstacles. More than 2,000 customers also remained without power during severe storms, highlighting near-term reliability and restoration costs. Duke Energy plant proposal draws opposition

Duke Energy Trading Down 0.5%

Duke Energy stock opened at $123.83 on Friday. The firm has a market cap of $96.55 billion, a PE ratio of 18.59, a P/E/G ratio of 2.73 and a beta of 0.38. Duke Energy Corporation has a 12 month low of $113.89 and a 12 month high of $134.49. The stock's 50 day simple moving average is $125.77 and its two-hundred day simple moving average is $126.53. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The firm had revenue of $7.59 billion during the quarter, compared to analysts' expectations of $7.66 billion. During the same period in the previous year, the business posted $1.25 EPS. The business's revenue was up 1.1% compared to the same quarter last year. Analysts anticipate that Duke Energy Corporation will post 6.72 earnings per share for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be given a dividend of $1.085 per share. This is a boost from Duke Energy's previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 14th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.5%. Duke Energy's payout ratio is 63.96%.

About Duke Energy

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company's core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

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