Eagle Capital Management LLC Makes New Investment in Duke Energy Corporation $DUK

Eagle Capital Management LLC bought a new position in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,781 shares of the utilities provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after buying an additional 1,676,061 shares during the last quarter. GQG Partners LLC grew its stake in shares of 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 worth $1,250,133,000 after purchasing an additional 10,192,503 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Duke Energy by 4.9% in the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock worth $1,088,158,000 after purchasing an additional 418,014 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Duke Energy by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after purchasing an additional 93,699 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Duke Energy by 1.9% in the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock worth $994,496,000 after purchasing an additional 152,542 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.7%

Duke Energy stock opened at $123.71 on Wednesday. The firm has a 50 day moving average price of $122.41 and a 200-day moving average price of $119.57. The company has a market capitalization of $96.20 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.96 and a beta of 0.39. Duke Energy Corporation has a twelve month low of $105.20 and a twelve 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.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were issued a $1.065 dividend. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s payout ratio is 69.27%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DUK shares. BMO Capital Markets boosted their price objective on shares of Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Morgan Stanley dropped their price objective on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Jefferies Financial Group lowered shares of Duke Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $141.00 to $134.00 in a report on Friday, September 26th. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Finally, The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a report on Tuesday, July 1st. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

Insider Activity at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the sale, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

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.