Curat Global LLC Acquires 311 Shares of Duke Energy Corporation $DUK

Curat Global LLC grew its holdings in Duke Energy Corporation (NYSE:DUK) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,354 shares of the utilities provider’s stock after acquiring an additional 311 shares during the quarter. Curat Global LLC’s holdings in Duke Energy were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DUK. Brighton Jones LLC boosted its position in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC boosted its position in shares of Duke Energy by 17.8% in the first quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock valued at $1,663,000 after acquiring an additional 2,061 shares during the period. Diversified Trust Co boosted its position in shares of Duke Energy by 46.2% in the first quarter. Diversified Trust Co now owns 11,430 shares of the utilities provider’s stock valued at $1,394,000 after acquiring an additional 3,611 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Duke Energy by 95.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 134,517 shares of the utilities provider’s stock valued at $16,063,000 after acquiring an additional 65,605 shares during the period. Finally, Tsfg LLC raised its stake in Duke Energy by 357.7% in the first quarter. Tsfg LLC now owns 357 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 279 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday. BTIG Research raised Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research note on Friday. BMO Capital Markets boosted their price target on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, Evercore ISI initiated coverage on Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.36.

Duke Energy Stock Up 0.1%

Shares of NYSE DUK opened at $127.41 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The company has a market cap of $99.07 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.13 and a beta of 0.44. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03. The stock has a 50-day moving average price of $123.71 and a two-hundred day moving average price of $120.50.

Duke Energy (NYSE:DUK) last issued 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 business 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 firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. 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 payout ratio is 69.27%.

Insider Activity

In other news, 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 sale, the executive vice president directly owned 46,422 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s 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 sale, the senior vice president 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 disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

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.