Ethic Inc. Acquires 250 Shares of Duke Energy Corporation $DUK

Ethic Inc. lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,413 shares of the utilities provider’s stock after acquiring an additional 250 shares during the quarter. Ethic Inc.’s holdings in Duke Energy were worth $1,568,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Reyes Financial Architecture Inc. raised its holdings in shares of Duke Energy by 4.8% during the first quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 83 shares in the last quarter. Lokken Investment Group LLC raised its holdings in shares of Duke Energy by 3.3% during the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 84 shares in the last quarter. Private Wealth Asset Management LLC raised its holdings in shares of Duke Energy by 6.4% during the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock valued at $166,000 after acquiring an additional 85 shares in the last quarter. Clear Creek Financial Management LLC raised its holdings in Duke Energy by 3.7% in the first quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 86 shares in the last quarter. Finally, Souders Financial Advisors raised its holdings in Duke Energy by 0.7% in the first quarter. Souders Financial Advisors now owns 12,443 shares of the utilities provider’s stock worth $1,518,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $127.41 on Friday. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The business has a fifty day moving average price of $123.71 and a 200-day moving average price of $120.47. The company has a market capitalization of $99.07 billion, a PE ratio of 20.72, a PEG ratio of 3.13 and a beta of 0.44.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share 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 company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the business earned $1.18 earnings per share. Duke Energy’s revenue 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. As a group, equities analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be paid 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 currently 69.27%.

Insider Activity at Duke Energy

In other 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 directly owned 46,422 shares of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 19,608 shares of the company’s stock, 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

A number of equities analysts have issued reports on DUK shares. Barclays increased their price objective on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Morgan Stanley increased their price objective on Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group increased their price objective on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Evercore ISI started coverage on Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective for the company. Finally, BTIG Research upgraded Duke Energy to a “strong-buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $138.36.

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.