Revisor Wealth Management LLC Buys 3,466 Shares of Duke Energy Corporation $DUK

Key Points

• Revisor Wealth Management LLC increased its holdings in Duke Energy Corporation by 93.8% in the 2nd quarter, now owning 7,161 shares valued at approximately $846,000.
• Duke Energy recently reported earnings of $1.25 per share for the quarter, missing estimates, but achieved a revenue of $7.51 billion, which exceeded expectations.
• The company announced a dividend increase, now paying $1.065 per share quarterly, reflecting an annualized dividend yield of 3.5%.

Revisor Wealth Management LLC lifted its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 93.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,161 shares of the utilities provider's stock after purchasing an additional 3,466 shares during the quarter. Revisor Wealth Management LLC's holdings in Duke Energy were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DUK. Activest Wealth Management boosted its position in Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock worth $26,000 after buying an additional 105 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in Duke Energy during the 4th quarter worth approximately $27,000. Wayfinding Financial LLC acquired a new stake in Duke Energy during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC acquired a new stake in Duke Energy during the 1st quarter worth approximately $27,000. Finally, Mattson Financial Services LLC acquired a new stake in Duke Energy during the 4th quarter worth approximately $28,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company'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 owned 46,422 shares in the company, valued at $5,768,397.72. This represents a 12.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the company's stock in a transaction 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 sale, the senior vice president owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Duke Energy Stock Performance

Shares of DUK stock opened at $121.71 on Tuesday. The firm has a market capitalization of $94.65 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.92 and a beta of 0.39. The firm has a fifty day simple moving average of $121.87 and a two-hundred day simple moving average of $119.38. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85.

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 firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company earned $1.18 EPS. The business's revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were paid a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's dividend payout ratio (DPR) is currently 69.27%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Raymond James Financial assumed coverage on shares of Duke Energy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Scotiabank boosted their price target on shares of Duke Energy from $120.00 to $128.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. BMO Capital Markets boosted their price target on shares of Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research report on Tuesday, July 1st. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $130.62.

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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