Brucke Financial Inc. Takes Position in Duke Energy Corporation $DUK

Brucke Financial Inc. bought a new stake in shares of Duke Energy Corporation (NYSE:DUK) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,940 shares of the utilities provider’s stock, valued at approximately $229,000.

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

Duke Energy Price Performance

Duke Energy stock opened at $126.88 on Friday. The business has a 50 day simple moving average of $123.06 and a 200-day simple moving average of $119.85. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. The stock has a market capitalization of $98.66 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 3.01 and a beta of 0.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

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). The business had revenue of $7.51 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were given a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.4%. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, August 15th. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DUK shares. Raymond James Financial started coverage on Duke Energy in a research note on Friday, June 13th. They issued a “market perform” rating for the company. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research report on Tuesday, July 1st. Evercore ISI assumed coverage on shares of Duke Energy in a research report on Monday. They set an “outperform” rating and a $143.00 price target on the stock. Jefferies Financial Group cut shares of Duke Energy from a “buy” rating to a “hold” rating and reduced their price target for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.08.

Insider Activity

In other news, SVP Bonnie B. Titone sold 2,000 shares of the 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 sale, the senior vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 sale, the executive vice president owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

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.