Resonant Capital Advisors LLC Takes $244,000 Position in Duke Energy Corporation $DUK

Resonant Capital Advisors LLC purchased a new position in shares of Duke Energy Corporation (NYSE:DUK) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,064 shares of the utilities provider’s stock, valued at approximately $244,000.

A number of other hedge funds have also added to or reduced their stakes in DUK. New Hampshire Trust boosted its holdings in shares of Duke Energy by 3.4% in the 2nd quarter. New Hampshire Trust now owns 3,126 shares of the utilities provider’s stock valued at $369,000 after purchasing an additional 102 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Duke Energy during the 2nd quarter worth $448,000. Whipplewood Advisors LLC boosted its stake in Duke Energy by 8.1% in the second quarter. Whipplewood Advisors LLC now owns 1,659 shares of the utilities provider’s stock valued at $196,000 after buying an additional 124 shares in the last quarter. Interchange Capital Partners LLC grew its position in Duke Energy by 5.7% in the second quarter. Interchange Capital Partners LLC now owns 2,929 shares of the utilities provider’s stock valued at $346,000 after acquiring an additional 158 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in Duke Energy by 2.7% during the second quarter. Brighton Jones LLC now owns 6,039 shares of the utilities provider’s stock worth $713,000 after acquiring an additional 161 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy 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 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. This trade represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated 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 owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Duke Energy Trading Up 0.1%

NYSE DUK opened at $127.48 on Tuesday. The firm has a market capitalization of $99.13 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 3.13 and a beta of 0.44. The business’s 50-day moving average price is $123.83 and its two-hundred day moving average price is $120.58. 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.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS 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 company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the firm earned $1.18 earnings per share. Duke Energy’s revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, November 14th. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. Duke Energy’s dividend payout ratio is 69.27%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research report on Tuesday, July 1st. Royal Bank Of Canada set a $143.00 target price on shares of Duke Energy in a research note on Monday. UBS Group increased their price target on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Evercore ISI began coverage on Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

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.