RDA Financial Network Has $1.44 Million Stock Holdings in Duke Energy Corporation $DUK

Key Points

• RDA Financial Network increased its stake in Duke Energy Corporation by 346.3%, bringing its total holdings to 12,171 shares valued at approximately $1.44 million.
• Duke Energy announced a quarterly dividend increase from $1.05 to $1.065, translating to an annualized yield of 3.5%.
• Analysts have set a consensus target price of $130.62 for Duke Energy, with nine analysts rating it as a Buy.

RDA Financial Network raised its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 346.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,171 shares of the utilities provider's stock after purchasing an additional 9,444 shares during the quarter. RDA Financial Network's holdings in Duke Energy were worth $1,436,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DUK. Activest Wealth Management lifted its holdings in Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of Duke Energy during the fourth quarter worth $27,000. Wayfinding Financial LLC acquired a new stake in shares of Duke Energy during the first quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy during the first quarter worth $27,000. Finally, Mattson Financial Services LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth $28,000. Institutional investors and hedge funds own 65.31% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DUK. Raymond James Financial began coverage on Duke Energy in a report on Friday, June 13th. They set a "market perform" rating for the company. UBS Group reissued a "neutral" rating and set a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Scotiabank lifted their target price on Duke Energy from $120.00 to $128.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. BMO Capital Markets lifted their target price on Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, Barclays lifted their target price on Duke Energy from $122.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.62.

Duke Energy Stock Down 0.1%

DUK stock opened at $121.96 on Friday. The company has a market cap of $94.84 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39. The business has a 50-day simple moving average of $121.42 and a 200 day simple moving average of $119.16. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion during 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 last year, the firm earned $1.18 EPS. 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 firm also recently announced 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 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 3.5%. The ex-dividend date is Friday, August 15th. Duke Energy's dividend payout ratio (DPR) is presently 69.27%.

Insider Transactions at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the sale, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the sale, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

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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