Envestnet Asset Management Inc. Purchases 13,807 Shares of Duke Energy Corporation $DUK

Envestnet Asset Management Inc. raised its position in shares of Duke Energy Corporation (NYSE:DUK) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,642,230 shares of the utilities provider’s stock after acquiring an additional 13,807 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.34% of Duke Energy worth $311,783,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in Duke Energy by 2.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 37,154 shares of the utilities provider’s stock valued at $4,384,000 after acquiring an additional 1,047 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in Duke Energy during the 2nd quarter valued at approximately $244,000. New Hampshire Trust boosted its position in Duke Energy by 3.4% during the 2nd quarter. New Hampshire Trust now owns 3,126 shares of the utilities provider’s stock valued at $369,000 after acquiring an additional 102 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Duke Energy during the 2nd quarter valued at approximately $448,000. Finally, Whipplewood Advisors LLC boosted its position in Duke Energy by 8.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,659 shares of the utilities provider’s stock valued at $196,000 after acquiring an additional 124 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DUK. Barclays lifted their price objective on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Scotiabank set a $137.00 price target on Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. UBS Group boosted their price target on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. BTIG Research raised Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley boosted their price target on Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.36.

Duke Energy Price Performance

Shares of NYSE DUK opened at $127.41 on Monday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The firm has a market cap of $99.07 billion, a P/E ratio of 20.72, a PEG ratio of 3.13 and a beta of 0.44. The company has a 50 day moving average of $123.71 and a 200 day moving average of $120.50. 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 (NYSE:DUK) last announced its quarterly earnings data 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 firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the firm earned $1.18 earnings per share. Duke Energy’s 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, research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed 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. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, November 14th. Duke Energy’s payout ratio is presently 69.27%.

Insider Buying and Selling

In related 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 value of $832,542.00. Following the completion of the transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The sale was disclosed in a legal filing 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 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 sale, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This represents 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.

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.