Turtle Creek Wealth Advisors LLC Buys 4,080 Shares of Duke Energy Corporation $DUK

Turtle Creek Wealth Advisors LLC increased its stake in Duke Energy Corporation (NYSE:DUK) by 14.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,142 shares of the utilities provider’s stock after buying an additional 4,080 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Duke Energy were worth $3,793,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DUK. Brighton Jones LLC increased its stake 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 in the last quarter. GAMMA Investing LLC increased its stake in shares of Duke Energy by 17.8% during the first quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock valued at $1,663,000 after purchasing an additional 2,061 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of Duke Energy by 45.5% during the first quarter. Ritholtz Wealth Management now owns 10,488 shares of the utilities provider’s stock valued at $1,279,000 after purchasing an additional 3,280 shares in the last quarter. Grimes & Company Inc. increased its stake in shares of Duke Energy by 4.3% during the first quarter. Grimes & Company Inc. now owns 9,360 shares of the utilities provider’s stock valued at $1,142,000 after purchasing an additional 387 shares in the last quarter. Finally, Market Street Wealth Management Advisors LLC increased its stake in shares of Duke Energy by 3.8% during the first quarter. Market Street Wealth Management Advisors LLC now owns 3,016 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction dated 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. The trade was a 9.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction dated 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 approximately $5,768,397.72. This trade 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.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $128.73 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The company has a market cap of $100.10 billion, a P/E ratio of 20.93, a P/E/G ratio of 3.08 and a beta of 0.44. The firm’s fifty day moving average is $123.24 and its two-hundred day moving average is $120.04. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $128.99.

Duke Energy (NYSE:DUK) last posted 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). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the firm earned $1.18 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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

Analyst Ratings Changes

DUK has been the subject of a number of analyst reports. Barclays raised their target price on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Evercore ISI initiated coverage on shares of Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research note on Tuesday, July 1st. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.50.

About Duke Energy

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.