Ewa LLC Purchases 255 Shares of Duke Energy Corporation $DUK

Ewa LLC raised its position in shares of Duke Energy Corporation (NYSE:DUK) by 13.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,121 shares of the utilities provider’s stock after purchasing an additional 255 shares during the period. Ewa LLC’s holdings in Duke Energy were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Duke Energy by 7.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider’s stock worth $35,575,000 after acquiring an additional 20,942 shares during the period. Pinnacle Financial Partners Inc boosted its holdings in shares of Duke Energy by 9.9% in the first quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock worth $14,451,000 after acquiring an additional 11,445 shares during the period. Beacon Investment Advisory Services Inc. boosted its holdings in shares of Duke Energy by 8.1% in the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock worth $6,264,000 after acquiring an additional 3,837 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 acquiring an additional 93,699 shares during the period. Finally, Resolution Capital Ltd boosted its holdings in shares of Duke Energy by 7.6% in the first quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock worth $7,318,000 after acquiring an additional 4,255 shares during the period. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on DUK. Morgan Stanley cut their price target on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Barclays increased their price objective on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. BMO Capital Markets increased their price objective on Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Scotiabank increased their price objective on Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 6th. Finally, UBS Group reiterated a “neutral” rating and issued a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $131.50.

Duke Energy Trading Down 1.1%

Shares of DUK stock opened at $122.42 on Thursday. 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 business has a 50-day moving average price of $122.47 and a two-hundred day moving average price of $119.59. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $127.85. The firm has a market cap of $95.19 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.99 and a beta of 0.44.

Duke Energy (NYSE:DUK) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the firm earned $1.18 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a dividend of $1.065 per share. This represents a $4.26 annualized dividend 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 presently 69.27%.

Insider Activity

In other news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Duke Energy Company 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.