Heritage Investors Management Corp Has $920,000 Stake in Duke Energy Corporation $DUK

Heritage Investors Management Corp lifted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,795 shares of the utilities provider’s stock after buying an additional 134 shares during the quarter. Heritage Investors Management Corp’s holdings in Duke Energy were worth $920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of DUK. GQG Partners LLC grew its position in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after buying an additional 10,192,503 shares during the period. Nuveen LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth approximately $702,351,000. Raymond James Financial Inc. grew its stake in Duke Energy by 88.1% in the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after acquiring an additional 2,276,948 shares during the period. Vanguard Group Inc. grew its stake in Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after acquiring an additional 1,676,061 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its stake in Duke Energy by 359.1% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock valued at $138,145,000 after acquiring an additional 885,900 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the sale, the senior vice president directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

DUK has been the topic of a number of recent research reports. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a report on Tuesday. TD Cowen initiated coverage on Duke Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $143.00 target price on the stock. Cowen initiated coverage on Duke Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Jefferies Financial Group increased their target price on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Evercore ISI initiated coverage on Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Duke Energy Trading Up 0.7%

NYSE DUK opened at $125.11 on Friday. The firm has a market capitalization of $97.28 billion, a P/E ratio of 20.34, a PEG ratio of 3.05 and a beta of 0.44. The business has a fifty day simple moving average of $123.89 and a 200 day simple moving average of $120.71. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03. 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 (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period 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. On average, analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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

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.