Newman Dignan & Sheerar Inc. Purchases Shares of 1,744 Duke Energy Corporation $DUK

Newman Dignan & Sheerar Inc. purchased a new stake in Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent filing with the SEC. The fund purchased 1,744 shares of the utilities provider’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its holdings in Duke Energy by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider’s stock valued at $35,575,000 after acquiring an additional 20,942 shares during the last quarter. Pinnacle Financial Partners Inc grew its stake in shares of Duke Energy by 9.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock worth $14,451,000 after buying an additional 11,445 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its stake in shares of Duke Energy by 8.1% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock worth $6,264,000 after buying an additional 3,837 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after buying an additional 93,699 shares in the last quarter. Finally, Resolution Capital Ltd grew its stake in shares of Duke Energy by 7.6% in the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock worth $7,318,000 after buying an additional 4,255 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Transactions at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’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 completion of the sale, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the sale, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Duke Energy Trading Down 0.7%

Shares of DUK opened at $121.57 on Friday. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85. The company has a 50-day moving average of $122.50 and a 200 day moving average of $119.59. The firm has a market capitalization of $94.53 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.95 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). 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 for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the business earned $1.18 EPS. The company’s quarterly 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, research analysts expect 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. Investors of record on Friday, August 15th were issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Wall Street Analyst Weigh In

A number of brokerages have commented on DUK. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research note on Tuesday, July 1st. Jefferies Financial Group cut shares of Duke Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $141.00 to $134.00 in a research note on Friday, September 26th. Morgan Stanley dropped their price target on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Raymond James Financial initiated coverage on shares of Duke Energy in a research note on Friday, June 13th. They set a “market perform” rating for the company. Finally, UBS Group reaffirmed a “neutral” rating and set a $127.00 price target (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Seven research analysts have rated the stock with a Buy rating and seven have issued 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 $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.