Randolph Co Inc Has $14.25 Million Stock Holdings in Duke Energy Corporation $DUK

Key Points

• Randolph Co Inc significantly increased its holdings in Duke Energy by 625.3% during the second quarter, now owning 120,743 shares worth approximately $14.25 million.
• Duke Energy recently reported a missed earnings estimate for the quarter, with EPS at $1.25 against a consensus of $1.29, while revenue was $7.51 billion, exceeding expectations.
• The company announced an increase in its quarterly dividend to $1.065, reflecting a yield of 3.5%, up from the previous dividend of $1.05.

Randolph Co Inc grew its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 625.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,743 shares of the utilities provider's stock after purchasing an additional 104,096 shares during the quarter. Duke Energy makes up approximately 1.5% of Randolph Co Inc's portfolio, making the stock its 28th largest holding. Randolph Co Inc's holdings in Duke Energy were worth $14,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. GQG Partners LLC grew its stake in shares of Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider's stock worth $1,250,133,000 after acquiring an additional 10,192,503 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Duke Energy in the first quarter worth $702,351,000. Raymond James Financial Inc. grew its stake in shares of Duke Energy by 88.1% in the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider's stock worth $592,934,000 after acquiring an additional 2,276,948 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock worth $9,094,327,000 after acquiring an additional 1,676,061 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Duke Energy by 14,268.8% in the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider's stock worth $202,858,000 after acquiring an additional 1,651,608 shares during the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Trading Down 1.1%

DUK stock opened at $122.28 on Friday. The business has a fifty day moving average price of $122.20 and a 200 day moving average price of $119.46. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The stock has a market capitalization of $95.08 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 2.98 and a beta of 0.39. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data 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 firm 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 firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts expect 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 issued a $1.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.26 annualized dividend and a yield of 3.5%. This is a boost from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's payout ratio is presently 69.27%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy 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. 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 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 shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the sale, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

DUK has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. UBS Group restated 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. Morgan Stanley cut their target price on Duke Energy from $129.00 to $127.00 and set an "equal weight" rating for the company in a research note on Thursday. Raymond James Financial initiated coverage on Duke Energy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. Finally, Scotiabank upped their target price on Duke Energy from $120.00 to $128.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 6th. Eight 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 company has an average rating of "Moderate Buy" and an average target price of $130.85.

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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