Monument Capital Management Makes New Investment in Duke Energy Corporation $DUK

Key Points

• Monument Capital Management has invested approximately $743,000 in Duke Energy Corporation, acquiring 6,293 shares in the second quarter.
• Duke Energy recently announced an increase in its quarterly dividend to $1.065 per share, representing an annual yield of 3.4%.
• Despite a decrease in earnings per share, Duke Energy's quarterly revenue grew by 4.7% year-over-year, reaching $7.51 billion.

Monument Capital Management purchased a new position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,293 shares of the utilities provider's stock, valued at approximately $743,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DUK. Activest Wealth Management lifted 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 purchasing an additional 105 shares during the period. Wayfinding Financial LLC acquired a new stake in Duke Energy during the 1st quarter valued at approximately $27,000. N.E.W. Advisory Services LLC acquired a new stake in Duke Energy during the 1st quarter valued at approximately $27,000. Mascoma Wealth Management LLC lifted its stake in Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC lifted its position in Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company's stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the 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 transaction, the executive vice president directly 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 disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Duke Energy Stock Performance

NYSE DUK opened at $124.68 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 has a market capitalization of $96.95 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 3.02 and a beta of 0.44. The stock has a 50-day moving average of $122.99 and a 200 day moving average of $119.77. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85.

Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share 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 analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a dividend of $1.065 per share. This is a boost from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Duke Energy's dividend payout ratio (DPR) is currently 69.27%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI started coverage on shares of Duke Energy in a research report on Monday. They set an "outperform" rating and a $143.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. Scotiabank set a $137.00 price target on Duke Energy and gave the company a "sector outperform" rating in a report on Friday, October 3rd. Finally, UBS Group reiterated a "neutral" rating and issued a $127.00 target price (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $133.08.

Duke Energy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.