Nisa Investment Advisors LLC Purchases 1,047 Shares of Duke Energy Corporation $DUK

Nisa Investment Advisors LLC increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 2.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,154 shares of the utilities provider’s stock after buying an additional 1,047 shares during the period. Nisa Investment Advisors LLC’s holdings in Duke Energy were worth $4,384,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Duke Energy by 11.6% during the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after purchasing an additional 700 shares during the period. Sovran Advisors LLC acquired a new position in shares of Duke Energy during the first quarter valued at about $214,000. Avidian Wealth Enterprises LLC raised its holdings in shares of Duke Energy by 31.0% during the first quarter. Avidian Wealth Enterprises LLC now owns 4,656 shares of the utilities provider’s stock valued at $568,000 after purchasing an additional 1,103 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Duke Energy during the first quarter valued at about $54,000. Finally, Saxon Interests Inc. acquired a new position in shares of Duke Energy during the first quarter valued at about $203,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 1.4%

Shares of DUK stock opened at $125.70 on Wednesday. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $130.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The company has a 50-day simple moving average of $123.87 and a two-hundred day simple moving average of $120.64. The company has a market capitalization of $97.74 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 3.13 and a beta of 0.44.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s payout ratio is presently 69.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group upped their price objective on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Cowen started coverage on shares of Duke Energy in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Barclays boosted their target price on shares of Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Jefferies Financial Group boosted their target price on shares of Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada started coverage on shares of Duke Energy in a research report on Monday. They set a “sector perform” rating and a $143.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Insider Transactions at Duke Energy

In other Duke Energy 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 transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.14% of the stock is owned by insiders.

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.