Huntleigh Advisors Inc. Boosts Holdings in Duke Energy Corporation $DUK

Huntleigh Advisors Inc. lifted its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,888 shares of the utilities provider’s stock after buying an additional 103 shares during the period. Huntleigh Advisors Inc.’s holdings in Duke Energy were worth $931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after acquiring an additional 1,676,061 shares during the last quarter. GQG Partners LLC increased its position in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after purchasing an additional 10,192,503 shares during the last quarter. Royal Bank of Canada raised its holdings in Duke Energy by 4.9% in the 1st quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after buying an additional 418,014 shares during the period. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $1,055,087,000 after buying an additional 93,699 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Duke Energy by 1.9% during the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock worth $994,496,000 after buying an additional 152,542 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were 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 owned 19,608 shares in the company, valued at $2,438,843.04. The trade was a 9.26% 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.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group boosted their target price on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research report on Tuesday, July 1st. Cowen assumed coverage on Duke Energy in a report on Wednesday. They issued a “buy” rating on the stock. Finally, Scotiabank set a $137.00 target price on Duke Energy and gave the company a “sector outperform” rating in a report on Friday, October 3rd. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.77.

Duke Energy Stock Up 0.9%

Duke Energy stock opened at $128.55 on Friday. The firm has a market capitalization of $99.96 billion, a P/E ratio of 20.90, a P/E/G ratio of 3.13 and a beta of 0.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $129.51. The stock’s fifty day simple moving average is $123.34 and its 200-day simple moving average is $120.13.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be issued a $1.065 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 annualized dividend and a yield of 3.3%. 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.