Strs Ohio Purchases 18,203 Shares of Duke Energy Corporation $DUK

Strs Ohio grew its position in shares of Duke Energy Corporation (NYSE:DUK) by 7.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 248,011 shares of the utilities provider’s stock after acquiring an additional 18,203 shares during the period. Strs Ohio’s holdings in Duke Energy were worth $29,265,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Beacon Investment Advisory Services Inc. lifted its holdings in 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in 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 during the period. Resolution Capital Ltd lifted its holdings in 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 during the period. D.A. Davidson & CO. lifted its holdings in Duke Energy by 2.2% in the 1st quarter. D.A. Davidson & CO. now owns 234,464 shares of the utilities provider’s stock worth $28,598,000 after buying an additional 4,948 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in Duke Energy by 88.1% in the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after buying an additional 2,276,948 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday, October 8th. Wells Fargo & Company upgraded Duke Energy to a “hold” rating in a report on Tuesday. BMO Capital Markets increased their price objective on Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. JPMorgan Chase & Co. raised their target price on Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

Insiders Place Their Bets

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction 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 sale, the senior vice president 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy 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 completion of the sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

Duke Energy Stock Up 0.7%

Shares of NYSE:DUK opened at $125.11 on Friday. The stock has a fifty day simple moving average of $123.89 and a two-hundred day simple moving average of $120.71. The stock has a market capitalization of $97.28 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.05 and a beta of 0.44. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last announced 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). The company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

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