Sather Financial Group Inc Purchases Shares of 2,590 Duke Energy Corporation $DUK

Key Points

• Sather Financial Group Inc has acquired a new stake in Duke Energy Corporation, purchasing 2,590 shares valued at approximately $306,000 during the second quarter.
• Recent insider transactions include EVP Thomas Preston Jr. Gillespie selling 6,700 shares for over $832,000, reducing his ownership by 12.61%.
• Duke Energy has increased its quarterly dividend to $1.065, representing an annualized payment of $4.26 and a dividend yield of 3.4%.

Sather Financial Group Inc purchased a new stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,590 shares of the utilities provider's stock, valued at approximately $306,000.

Several other hedge funds have also recently modified their holdings of DUK. Activest Wealth Management lifted its holdings in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock worth $26,000 after buying an additional 105 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Duke Energy in the first quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new position in shares of Duke Energy in the first quarter worth $27,000. Mascoma Wealth Management LLC lifted its holdings in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider's stock worth $29,000 after buying an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC increased its position in Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock worth $31,000 after purchasing an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company's stock.

Insider Transactions at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $5,768,397.72. This represents a 12.61% 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, SVP Bonnie B. Titone sold 2,000 shares of the company'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 completion of the transaction, the senior vice president 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 disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the stock a "sector outperform" rating in a research report on Friday, October 3rd. Morgan Stanley reduced their price target on shares of Duke Energy from $129.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Barclays boosted their price target on shares of Duke Energy from $122.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. 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. Finally, BMO Capital Markets boosted their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $134.08.

Duke Energy Trading Up 1.7%

DUK stock opened at $126.88 on Friday. 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 Corporation has a twelve month low of $105.20 and a twelve month high of $127.85. The stock has a market capitalization of $98.66 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 3.06 and a beta of 0.44. The firm's fifty day simple moving average is $123.06 and its two-hundred day simple moving average is $119.87.

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

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were issued a $1.065 dividend. The ex-dividend date was Friday, August 15th. 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 dividend yield of 3.4%. Duke Energy's dividend payout ratio (DPR) is currently 69.27%.

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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