Duke Energy Corporation $DUK Shares Acquired by Grant Private Wealth Management Inc

Key Points

• Grant Private Wealth Management Inc significantly increased its position in Duke Energy Corporation by 355.9% during the second quarter, now holding 24,415 shares valued at approximately $2.88 million.
• Several institutional investors, including Brighton Jones LLC and Woodline Partners LP, have also increased their stakes in Duke Energy, reflecting growing confidence in the company's performance.
• Duke Energy recently announced a quarterly dividend of $1.065, an increase from the previous $1.05, representing a 3.5% yield for shareholders.

Grant Private Wealth Management Inc grew its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 355.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,415 shares of the utilities provider's stock after acquiring an additional 19,060 shares during the quarter. Duke Energy accounts for 1.6% of Grant Private Wealth Management Inc's portfolio, making the stock its 24th biggest holding. Grant Private Wealth Management Inc's holdings in Duke Energy were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the transaction, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction on 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 transaction, the senior vice president owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

Duke Energy Trading Up 1.1%

Shares of DUK stock traded up $1.37 on Tuesday, reaching $122.95. 817,234 shares of the company's stock were exchanged, compared to its average volume of 3,458,848. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85. 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 stock has a market capitalization of $95.60 billion, a PE ratio of 19.99, a P/E/G ratio of 2.92 and a beta of 0.39. The company's fifty day simple moving average is $121.87 and its 200 day simple moving average is $119.38.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly 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 business had revenue of $7.51 billion for 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 was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

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

Wall Street Analyst Weigh In

DUK has been the topic of a number of research analyst reports. UBS Group reaffirmed a "neutral" rating and set a $127.00 price target (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. BMO Capital Markets upped their price target on Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. Raymond James Financial began coverage on Duke Energy in a report on Friday, June 13th. They set a "market perform" rating on the stock. Finally, Morgan Stanley reiterated an "outperform" rating on shares of Duke Energy in a research report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Duke Energy has an average rating of "Moderate Buy" and a consensus price target of $130.62.

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.