Relyea Zuckerberg Hanson LLC Purchases 591 Shares of Duke Energy Corporation $DUK

Relyea Zuckerberg Hanson LLC increased its position in Duke Energy Corporation (NYSE:DUK) by 21.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,411 shares of the utilities provider’s stock after buying an additional 591 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Duke Energy were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of DUK. Cambridge Investment Research Advisors Inc. grew 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 purchasing an additional 20,942 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in Duke Energy by 9.9% in the 1st 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 last quarter. Beacon Investment Advisory Services Inc. grew its holdings in Duke Energy by 8.1% in the 1st 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Duke Energy by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after acquiring an additional 93,699 shares during the last quarter. Finally, Resolution Capital Ltd raised its stake in shares of Duke Energy by 7.6% during the first quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock valued at $7,318,000 after acquiring an additional 4,255 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the business’s 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 sale, the senior vice president directly owned 19,608 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

DUK has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Evercore ISI set a $143.00 target price on Duke Energy and gave the company an “outperform” rating in a research note on Monday. Barclays raised their price target on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the company a “sector outperform” rating in a research report on Friday. Finally, Jefferies Financial Group cut shares of Duke Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $133.08.

Duke Energy Price Performance

DUK opened at $124.38 on Tuesday. 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 company has a market cap of $96.72 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.44. The stock has a fifty day simple moving average of $122.71 and a two-hundred day simple moving average of $119.65. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $127.85.

Duke Energy (NYSE:DUK) last released 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 business had revenue of $7.51 billion during 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 firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were issued a dividend of $1.065 per share. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

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.