Jump Financial LLC Has $16.42 Million Stock Position in Duke Energy Corporation $DUK

Key Points

• Jump Financial LLC significantly increased its position in Duke Energy Corporation by 1,581.8%, holding 134,626 shares valued at approximately $16.42 million.
• Duke Energy announced a quarterly dividend of $1.065, reflecting a 3.4% yield and an increase from the previous dividend of $1.05.
• Analysts have varied opinions on Duke Energy, with nine rating it as Buy and seven as Hold, and a consensus target price of $130.07.

Jump Financial LLC boosted its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 1,581.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,626 shares of the utilities provider's stock after purchasing an additional 126,621 shares during the period. Jump Financial LLC's holdings in Duke Energy were worth $16,420,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp boosted its position in Duke Energy by 31.6% during the first quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 83 shares during the last quarter. Reyes Financial Architecture Inc. boosted its position in Duke Energy by 4.8% during the first quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider's stock valued at $223,000 after purchasing an additional 83 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Duke Energy by 2.8% during the first quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider's stock valued at $370,000 after purchasing an additional 84 shares during the last quarter. Lokken Investment Group LLC boosted its position in Duke Energy by 3.3% during the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider's stock valued at $321,000 after purchasing an additional 84 shares during the last quarter. Finally, Sheets Smith Wealth Management raised its holdings in Duke Energy by 0.3% during the first quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider's stock valued at $3,356,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DUK. Morgan Stanley reduced their price target on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. 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. BMO Capital Markets boosted their price target on Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price target on Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price target on Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $130.07.

Duke Energy Stock Up 0.1%

NYSE DUK opened at $124.2140 on Friday. 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's 50 day moving average is $119.78 and its two-hundred day moving average is $118.38. The company has a market capitalization of $96.59 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 3.00 and a beta of 0.36. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data 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 company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm'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 firm posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is 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 presently 69.27%.

Insider Activity at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the transaction, the senior vice president directly owned 19,608 shares of the company's stock, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 46,422 shares in the company, 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 owned by insiders.

Duke Energy Company 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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