Hudson Edge Investment Partners Inc. Has $6.26 Million Stock Holdings in Duke Energy Corporation $DUK

Hudson Edge Investment Partners Inc. lifted its position in shares of Duke Energy Corporation (NYSE:DUK) by 2.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 53,070 shares of the utilities provider’s stock after buying an additional 1,294 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Duke Energy were worth $6,262,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DUK. GQG Partners LLC increased its position in Duke Energy by 17,880.0% in the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after acquiring an additional 10,192,503 shares during the period. Nuveen LLC bought a new stake in shares of Duke Energy in the first quarter worth $702,351,000. Raymond James Financial Inc. increased its holdings in Duke Energy by 88.1% in the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after purchasing an additional 2,276,948 shares during the period. Vanguard Group Inc. increased 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 during the period. Finally, Adage Capital Partners GP L.L.C. raised its position in Duke Energy by 359.1% during 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 purchasing an additional 885,900 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the transaction, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction that occurred on 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 owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Duke Energy Price Performance

Shares of DUK opened at $121.57 on Friday. The firm has a market cap of $94.53 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.95 and a beta of 0.44. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The business’s 50 day moving average price is $122.50 and its two-hundred day moving average price is $119.59. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. The business’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, equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were issued a dividend of $1.065 per share. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DUK shares. BMO Capital Markets upped their price target on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Scotiabank increased their target price on shares of Duke Energy from $120.00 to $128.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 6th. Raymond James Financial began coverage on shares of Duke Energy in a research report on Friday, June 13th. They issued a “market perform” rating on the stock. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research note on Tuesday, July 1st. Finally, UBS Group reiterated a “neutral” rating and set a $127.00 price objective (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

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.