RFG Advisory LLC Acquires 291 Shares of Duke Energy Corporation $DUK

RFG Advisory LLC increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,195 shares of the utilities provider’s stock after purchasing an additional 291 shares during the period. RFG Advisory LLC’s holdings in Duke Energy were worth $2,029,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DUK. Brighton Jones LLC increased its position in shares of Duke Energy by 11.6% during the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after purchasing an additional 700 shares during the period. GAMMA Investing LLC boosted its stake in Duke Energy by 17.8% in the 1st quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock valued at $1,663,000 after buying an additional 2,061 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Duke Energy by 45.5% in the 1st quarter. Ritholtz Wealth Management now owns 10,488 shares of the utilities provider’s stock valued at $1,279,000 after buying an additional 3,280 shares in the last quarter. Grimes & Company Inc. boosted its stake in Duke Energy by 4.3% in the 1st quarter. Grimes & Company Inc. now owns 9,360 shares of the utilities provider’s stock valued at $1,142,000 after buying an additional 387 shares in the last quarter. Finally, Market Street Wealth Management Advisors LLC boosted its stake in Duke Energy by 3.8% in the 1st quarter. Market Street Wealth Management Advisors LLC now owns 3,016 shares of the utilities provider’s stock valued at $368,000 after buying an additional 110 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Activity

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $832,542.00. Following the transaction, the executive vice president 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. 0.14% of the stock is owned by corporate insiders.

Duke Energy Trading Up 0.7%

Shares of DUK opened at $128.73 on Thursday. The stock’s fifty day simple moving average is $123.24 and its 200-day simple moving average is $120.04. The firm has a market capitalization of $100.10 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 3.08 and a beta of 0.44. 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 $128.99.

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 analysts’ consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio is 69.27%.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley decreased their price target on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. UBS Group boosted their price target on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Cowen initiated coverage on Duke Energy in a research note on Wednesday. They issued a “buy” rating on the stock. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a report on Tuesday, July 1st. Finally, Barclays increased their target price on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.50.

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.