Duke Energy Corporation $DUK Holdings Increased by Godsey & Gibb Inc.

Godsey & Gibb Inc. increased its stake in Duke Energy Corporation (NYSE:DUK) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,502 shares of the utilities provider’s stock after acquiring an additional 97 shares during the period. Duke Energy makes up approximately 2.3% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 19th biggest position. Godsey & Gibb Inc.’s holdings in Duke Energy were worth $24,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in 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 acquiring an additional 105 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy during the 1st quarter valued at about $27,000. Wayfinding Financial LLC acquired a new position in shares of Duke Energy in the 1st quarter worth approximately $27,000. Mascoma Wealth Management LLC lifted its stake in Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted 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 buying an additional 198 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $124.38 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The stock has a market cap of $96.72 billion, a P/E ratio of 20.22, a PEG ratio of 2.98 and a beta of 0.44. The company has a fifty day moving average price of $122.71 and a 200 day moving average price of $119.65. Duke Energy Corporation has a one year low of $105.20 and a one year high of $127.85.

Duke Energy (NYSE:DUK) last issued its 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 firm had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. 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. Analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

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

Insider Activity

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction 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 SEC, which is available at this hyperlink. 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 value of $248,760.00. Following the sale, the senior vice president directly owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research report on Tuesday, July 1st. Raymond James Financial began coverage on Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating on the stock. Morgan Stanley dropped their price target on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Jefferies Financial Group lowered shares of Duke Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $141.00 to $134.00 in a research note on Friday, September 26th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $127.00 price target (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.08.

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.