Duke Energy Corporation $DUK Shares Purchased by Burkett Financial Services LLC

Burkett Financial Services LLC boosted its holdings in Duke Energy Corporation (NYSE:DUK) by 0.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,926 shares of the utilities provider’s stock after purchasing an additional 95 shares during the quarter. Duke Energy comprises approximately 0.5% of Burkett Financial Services LLC’s portfolio, making the stock its 20th biggest position. Burkett Financial Services LLC’s holdings in Duke Energy were worth $1,407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 1,676,061 shares in the last quarter. GQG Partners LLC lifted its stake in Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after buying an additional 10,192,503 shares during the last quarter. Royal Bank of Canada lifted its stake in Duke Energy by 4.9% in the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after buying an additional 418,014 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Duke Energy by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after buying an additional 93,699 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Duke Energy by 1.9% in the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock valued at $994,496,000 after buying an additional 152,542 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company’s 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 transaction, the senior vice president 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. This 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.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DUK. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research note on Tuesday, July 1st. BMO Capital Markets boosted their price objective on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Morgan Stanley reiterated an “outperform” rating on shares of Duke Energy in a research note on Thursday, August 21st. Raymond James Financial began coverage on Duke Energy in a research note on Friday, June 13th. They issued a “market perform” rating for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and an average price target of $130.62.

Duke Energy Price Performance

Duke Energy stock opened at $121.96 on Friday. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. 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 business has a 50 day simple moving average of $121.42 and a 200-day simple moving average of $119.15. The stock has a market capitalization of $94.84 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39.

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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the company earned $1.18 EPS. Duke Energy’s revenue for the quarter 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. 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be issued a dividend of $1.065 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. Duke Energy’s dividend payout ratio is currently 69.27%.

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.