Duke Energy Corporation $DUK Shares Bought by Brighton Jones LLC

Brighton Jones LLC increased its holdings in Duke Energy Corporation (NYSE:DUK) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,039 shares of the utilities provider’s stock after purchasing an additional 161 shares during the quarter. Brighton Jones LLC’s holdings in Duke Energy were worth $713,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DUK. MQS Management LLC purchased a new stake in Duke Energy during the 2nd quarter worth approximately $482,000. Sentinel Trust Co. LBA purchased a new stake in Duke Energy during the 2nd quarter worth approximately $237,000. Leavell Investment Management Inc. increased its stake in Duke Energy by 1.2% during the 2nd quarter. Leavell Investment Management Inc. now owns 41,127 shares of the utilities provider’s stock worth $4,853,000 after buying an additional 488 shares in the last quarter. Burke & Herbert Bank & Trust Co. increased its stake in Duke Energy by 12.7% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 14,502 shares of the utilities provider’s stock worth $1,711,000 after buying an additional 1,629 shares in the last quarter. Finally, Brian Low Financial Group LLC purchased a new stake in Duke Energy during the 2nd quarter worth approximately $799,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Down 1.4%

Shares of Duke Energy stock opened at $125.70 on Wednesday. The firm has a market capitalization of $97.74 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 3.13 and a beta of 0.44. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $130.03. 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 stock has a 50 day moving average of $123.87 and a 200 day moving average of $120.64.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data 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). The business had revenue of $7.51 billion during the quarter, compared to analysts’ expectations 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 was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio is presently 69.27%.

Insider Activity at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 approximately $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the transaction, the senior vice president 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 is available in the SEC filing. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of several research reports. UBS Group boosted their price objective on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Evercore ISI started coverage on Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. Barclays upped their price target on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada started coverage on Duke Energy in a research report on Monday. They issued a “sector perform” rating and a $143.00 price target for the company. Finally, Cowen started coverage on Duke Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Duke Energy Company 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.