Duke Energy Corporation $DUK Shares Acquired by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC boosted its holdings in Duke Energy Corporation (NYSE:DUK) by 51.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,124 shares of the utilities provider’s stock after purchasing an additional 384 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Duke Energy were worth $133,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Activest Wealth Management grew its holdings in shares of 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 buying an additional 105 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Duke Energy during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC purchased a new position in shares of Duke Energy in the 1st quarter valued at approximately $27,000. Mascoma Wealth Management LLC increased its holdings in shares of Duke Energy by 53.7% in 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 period. Finally, Financial Network Wealth Advisors LLC lifted its holdings in shares of 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. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Up 0.4%

Shares of Duke Energy stock opened at $129.00 on Tuesday. The company has a 50-day moving average of $123.41 and a two-hundred day moving average of $120.17. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $129.51. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The stock has a market cap of $100.31 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 3.16 and a beta of 0.44.

Duke Energy (NYSE:DUK) last released its quarterly earnings results 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 firm had revenue of $7.51 billion during 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 business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be given a $1.065 dividend. 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 payout ratio is currently 69.27%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DUK. Evercore ISI began coverage on shares of Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective on the stock. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the stock a “sector outperform” rating in a report on Friday, October 3rd. UBS Group lifted their price objective on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a report on Friday, October 10th. JPMorgan Chase & Co. boosted their target price on Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Finally, Cowen started coverage on Duke Energy in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.77.

Insider Transactions at Duke Energy

In other Duke Energy news, 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 of the company’s stock, valued at $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

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.