Turtle Creek Wealth Advisors LLC Purchases 4,080 Shares of Duke Energy Corporation $DUK

Key Points

• Turtle Creek Wealth Advisors LLC increased its position in Duke Energy Corporation by 14.5%, acquiring an additional 4,080 shares to hold a total of 32,142 shares valued at $3.79 million.
• Barclays and BMO Capital Markets both raised their price targets for Duke Energy to $135, while Evercore ISI set an even higher target of $143 with an "outperform" rating.
• Duke Energy announced a quarterly dividend of $1.065 per share, leading to an annualized dividend yield of 3.3% and will be paid on December 16th.

Turtle Creek Wealth Advisors LLC lifted its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 14.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,142 shares of the utilities provider's stock after purchasing an additional 4,080 shares during the quarter. Turtle Creek Wealth Advisors LLC's holdings in Duke Energy were worth $3,793,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DUK. Brighton Jones LLC increased its stake in Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider's stock valued at $728,000 after acquiring an additional 700 shares during the last quarter. GAMMA Investing LLC increased its stake in Duke Energy by 17.8% in the first quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider's stock valued at $1,663,000 after acquiring an additional 2,061 shares during the last quarter. Ritholtz Wealth Management increased its stake in Duke Energy by 45.5% in the first quarter. Ritholtz Wealth Management now owns 10,488 shares of the utilities provider's stock valued at $1,279,000 after acquiring an additional 3,280 shares during the last quarter. Grimes & Company Inc. increased its stake in Duke Energy by 4.3% in the first quarter. Grimes & Company Inc. now owns 9,360 shares of the utilities provider's stock valued at $1,142,000 after acquiring an additional 387 shares during the last quarter. Finally, Market Street Wealth Management Advisors LLC increased its stake in Duke Energy by 3.8% in the first quarter. Market Street Wealth Management Advisors LLC now owns 3,016 shares of the utilities provider's stock valued at $368,000 after acquiring an additional 110 shares during the last quarter. Institutional investors own 65.31% of the company's stock.

Insider Transactions at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were 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. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated 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 directly owned 46,422 shares of the company's stock, valued at approximately $5,768,397.72. The trade was a 12.61% 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.

Analyst Ratings Changes

A number of research analysts recently commented on DUK shares. Barclays increased their target price on Duke Energy from $131.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday. Evercore ISI assumed coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an "outperform" rating and a $143.00 price target for the company. BMO Capital Markets upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, October 10th. Weiss Ratings restated a "buy (b-)" rating on shares of Duke Energy in a research report on Wednesday, October 8th. Finally, Morgan Stanley cut their price target on shares of Duke Energy from $129.00 to $127.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Duke Energy has a consensus rating of "Moderate Buy" and a consensus target price of $135.50.

Duke Energy Stock Performance

Duke Energy stock opened at $128.73 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The firm has a 50-day moving average of $123.24 and a 200-day moving average of $120.04. The firm has a market cap of $100.10 billion, a P/E ratio of 20.93, a P/E/G ratio of 3.08 and a beta of 0.44. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $128.99.

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 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 analysts' expectations of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, November 14th. Duke Energy's dividend payout ratio 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.

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.