MBL Wealth LLC Has $1.11 Million Stake in Duke Energy Corporation $DUK

Key Points

• MBL Wealth LLC increased its stake in Duke Energy Corporation by 37% during the 1st quarter, now owning shares valued at $1.11 million.
• Duke Energy recently reported $1.25 earnings per share for the quarter, missing estimates, but had strong revenue growth with $7.51 billion compared to expectations.
• The company is set to pay a quarterly dividend of $1.065, up from its previous $1.05, with an annual yield of 3.5%.

MBL Wealth LLC boosted its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 37.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,101 shares of the utilities provider's stock after buying an additional 2,456 shares during the quarter. MBL Wealth LLC's holdings in Duke Energy were worth $1,110,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Acorns Advisers LLC bought a new stake in shares of Duke Energy in the first quarter valued at about $218,000. Blue Rock Wealth Management LLC lifted its stake in shares of Duke Energy by 53.8% in the first quarter. Blue Rock Wealth Management LLC now owns 7,820 shares of the utilities provider's stock valued at $954,000 after buying an additional 2,737 shares during the period. Fortis Capital Advisors LLC lifted its stake in shares of Duke Energy by 13.3% in the first quarter. Fortis Capital Advisors LLC now owns 2,448 shares of the utilities provider's stock valued at $299,000 after buying an additional 287 shares during the period. Intech Investment Management LLC lifted its stake in shares of Duke Energy by 35.4% in the first quarter. Intech Investment Management LLC now owns 33,946 shares of the utilities provider's stock valued at $4,140,000 after buying an additional 8,872 shares during the period. Finally, Focus Partners Wealth lifted its stake in Duke Energy by 5.1% during the first quarter. Focus Partners Wealth now owns 740,630 shares of the utilities provider's stock worth $90,335,000 after purchasing an additional 36,207 shares during the period. Institutional investors own 65.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research note on Tuesday, July 1st. Barclays raised their price objective 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 price target on shares of Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Raymond James Financial assumed coverage on shares of Duke Energy in a report on Friday, June 13th. They set a "market perform" rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and an average target price of $130.62.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $120.85 on Wednesday. The company has a 50 day moving average of $121.15 and a 200-day moving average of $119.05. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year 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 company has a market cap of $93.98 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.90 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 15.51% and a return on equity of 9.85%. Duke Energy's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities research analysts forecast 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 will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be given a $1.065 dividend. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. Duke Energy's payout ratio is presently 69.27%.

Insider Activity

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business'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 value of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares of the company's stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

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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