Duke Energy Corporation $DUK Shares Acquired by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,001 shares of the utilities provider’s stock after buying an additional 573 shares during the period. Joel Isaacson & Co. LLC’s holdings in Duke Energy were worth $590,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Drake & Associates LLC lifted its position in Duke Energy by 80.8% in the second quarter. Drake & Associates LLC now owns 22,480 shares of the utilities provider’s stock worth $2,653,000 after purchasing an additional 10,047 shares during the period. Relyea Zuckerberg Hanson LLC lifted its position in Duke Energy by 21.0% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,411 shares of the utilities provider’s stock worth $403,000 after purchasing an additional 591 shares during the period. Valeo Financial Advisors LLC lifted its position in Duke Energy by 1.9% in the second quarter. Valeo Financial Advisors LLC now owns 17,596 shares of the utilities provider’s stock worth $2,076,000 after purchasing an additional 322 shares during the period. Plimoth Trust Co. LLC lifted its position in Duke Energy by 2.3% in the second quarter. Plimoth Trust Co. LLC now owns 33,805 shares of the utilities provider’s stock worth $3,989,000 after purchasing an additional 747 shares during the period. Finally, Merit Financial Group LLC lifted its position in Duke Energy by 19.0% in the second quarter. Merit Financial Group LLC now owns 50,801 shares of the utilities provider’s stock worth $5,995,000 after purchasing an additional 8,108 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $125.49 on Wednesday. The company’s fifty day moving average is $122.83 and its two-hundred day moving average is $119.69. 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 Corporation has a 12-month low of $105.20 and a 12-month high of $127.85. The company has a market cap of $97.59 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 3.00 and a beta of 0.44.

Duke Energy (NYSE:DUK) last announced its 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 net margin of 15.51% and a return on equity of 9.85%. The firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the firm earned $1.18 earnings per share. Duke Energy’s revenue for the quarter 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. Equities analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The company also recently announced 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 is an increase 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 dividend payout ratio (DPR) is presently 69.27%.

Insider Buying and Selling at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the executive vice president owned 46,422 shares of the company’s stock, 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. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DUK has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a research report on Saturday, September 27th. Jefferies Financial Group downgraded Duke Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. JPMorgan Chase & Co. increased their price objective on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Morgan Stanley cut their price objective on 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. Finally, Raymond James Financial started coverage on Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating for the company. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.08.

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.