Signal Advisors Wealth LLC Invests $913,000 in Duke Energy Corporation $DUK

Key Points

• Signal Advisors Wealth LLC has acquired 7,735 shares of Duke Energy valued at approximately $913,000, indicating growing institutional interest in the utilities provider.
• Duke Energy reported earnings per share (EPS) of $1.25 for the last quarter, missing the consensus estimate by $0.04, while its revenue of $7.51 billion exceeded analyst forecasts.
• The company has increased its quarterly dividend to $1.065, resulting in an annualized yield of 3.5%, reflecting a strong commitment to returning value to shareholders.

Signal Advisors Wealth LLC 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 Form 13F filing with the SEC. The fund purchased 7,735 shares of the utilities provider's stock, valued at approximately $913,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GQG Partners LLC lifted its position in 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 valued at $1,250,133,000 after buying an additional 10,192,503 shares during the last quarter. Nuveen LLC acquired a new position in Duke Energy in the first quarter valued at about $702,351,000. Raymond James Financial Inc. lifted its position in 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 valued at $592,934,000 after buying an additional 2,276,948 shares during the last quarter. Vanguard Group Inc. lifted its position in Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock valued at $9,094,327,000 after buying an additional 1,676,061 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Duke Energy by 14,268.8% during the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider's stock worth $202,858,000 after purchasing an additional 1,651,608 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Wall Street Analyst Weigh In

DUK has been the topic of several research reports. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Scotiabank increased their price objective on Duke Energy from $120.00 to $128.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. BMO Capital Markets increased their price objective on Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, UBS Group reissued a "neutral" rating and issued a $127.00 price objective (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Duke Energy currently has an average rating of "Moderate Buy" and a consensus target price of $130.62.

Duke Energy Stock Performance

NYSE:DUK traded up $0.63 during midday trading on Monday, reaching $121.71. The stock had a trading volume of 2,061,995 shares, compared to its average volume of 2,513,562. The firm has a fifty day simple moving average of $121.87 and a two-hundred day simple moving average of $119.38. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month 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. The stock has a market cap of $94.65 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.92 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last released its 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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the business posted $1.18 EPS. Duke Energy'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. On average, equities analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were issued a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. This is an increase from Duke Energy's previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, August 15th. Duke Energy's dividend payout ratio is 69.27%.

Insiders Place Their Bets

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares of the company's stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 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 position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

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.