Carret Asset Management LLC Buys 450 Shares of Duke Energy Corporation $DUK

Carret Asset Management LLC grew its stake in Duke Energy Corporation (NYSE:DUK) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,688 shares of the utilities provider’s stock after acquiring an additional 450 shares during the period. Carret Asset Management LLC’s holdings in Duke Energy were worth $789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management grew its holdings in Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares during the period. Wayfinding Financial LLC bought a new position in Duke Energy during the first quarter worth about $27,000. N.E.W. Advisory Services LLC bought a new position in Duke Energy during the first quarter worth about $27,000. Mascoma Wealth Management LLC grew its holdings in Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its holdings in Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.7%

DUK opened at $125.11 on Friday. The company has a 50 day moving average of $123.89 and a 200 day moving average of $120.71. 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 12 month low of $105.20 and a 12 month high of $130.03. The company has a market cap of $97.28 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.05 and a beta of 0.44.

Duke Energy (NYSE:DUK) last announced its quarterly 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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, sell-side analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is presently 69.27%.

Analyst Ratings Changes

A number of research firms recently commented on DUK. Barclays lifted their price target on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Wells Fargo & Company upgraded shares of Duke Energy to a “hold” rating in a research report on Tuesday. Evercore ISI assumed coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. BMO Capital Markets raised their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction, the senior vice president directly owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by company insiders.

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.