Fiduciary Alliance LLC Has $3.38 Million Stock Position in Duke Energy Corporation $DUK

Key Points

• Fiduciary Alliance LLC increased its stock position in Duke Energy Corporation by 69.6% during the second quarter, now holding shares worth $3.38 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Duke Energy, with an average price target of $130.62.
• Duke Energy has announced a quarterly dividend of $1.065, marking an increase from the previous dividend and resulting in a yield of 3.5%.

Fiduciary Alliance LLC increased its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 69.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,647 shares of the utilities provider's stock after acquiring an additional 11,754 shares during the period. Fiduciary Alliance LLC's holdings in Duke Energy were worth $3,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Activest Wealth Management grew its holdings in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock worth $26,000 after buying an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Duke Energy in the 1st quarter valued at approximately $27,000. Wayfinding Financial LLC acquired a new position in Duke Energy during the 1st quarter worth approximately $27,000. Mattson Financial Services LLC bought a new position in shares of Duke Energy during the 4th quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $27,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DUK has been the topic of several recent research reports. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research note on Tuesday, July 1st. Raymond James Financial began coverage on Duke Energy in a report on Friday, June 13th. They issued a "market perform" rating for the company. UBS Group reiterated a "neutral" rating and set a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. JPMorgan Chase & Co. increased their price target on Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a research report on Thursday, August 21st. Finally, Scotiabank boosted their price target on Duke Energy from $120.00 to $128.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $130.62.

Insider Buying and Selling

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 of the company's stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. The trade was a 9.26% 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 Stock Performance

DUK opened at $122.40 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The business has a fifty day simple moving average of $121.52 and a 200 day simple moving average of $119.22. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85. The company has a market capitalization of $95.18 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.94 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last posted its 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). The firm had revenue of $7.51 billion for 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 firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be issued a $1.065 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. This is an increase from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's payout ratio is presently 69.27%.

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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