Mutual Advisors LLC Buys 2,052 Shares of Duke Energy Corporation $DUK

Mutual Advisors LLC grew its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 10.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 21,396 shares of the utilities provider's stock after purchasing an additional 2,052 shares during the period. Mutual Advisors LLC's holdings in Duke Energy were worth $2,566,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Duke Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock worth $9,094,327,000 after purchasing an additional 1,676,061 shares in the last quarter. GQG Partners LLC increased its holdings in Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider's stock worth $1,250,133,000 after purchasing an additional 10,192,503 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Duke Energy by 4.9% in the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider's stock valued at $1,088,158,000 after acquiring an additional 418,014 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Duke Energy by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider's stock valued at $1,055,087,000 after acquiring an additional 93,699 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Duke Energy by 1.9% in the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider's stock valued at $994,496,000 after acquiring an additional 152,542 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

Duke Energy stock opened at $127.43 on Friday. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $129.51. 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 business's 50 day simple moving average is $123.27 and its 200 day simple moving average is $120.08. The company has a market cap of $99.09 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.16 and a beta of 0.44.

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 (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $7.51 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the prior year, the company earned $1.18 EPS. The company's revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy's dividend payout ratio (DPR) is presently 69.27%.

Insiders Place Their Bets

In other news, SVP Bonnie B. Titone sold 2,000 shares of the firm's stock in a transaction 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 completion of the transaction, the senior vice president directly owned 19,608 shares of the company's stock, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm's 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on DUK. Evercore ISI began coverage on Duke Energy in a report on Monday, October 6th. They issued an "outperform" rating and a $143.00 target price for the company. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a report on Tuesday, July 1st. BMO Capital Markets upped their target price on Duke Energy from $132.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, October 10th. Morgan Stanley reduced their target price on Duke Energy from $129.00 to $127.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Finally, Cowen assumed coverage on Duke Energy in a report on Wednesday. They issued a "buy" rating for the company. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Duke Energy presently has an average rating of "Moderate Buy" and an average price target of $136.08.

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.

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