Trifecta Capital Advisors LLC Acquires 297 Shares of Duke Energy Corporation $DUK

Trifecta Capital Advisors LLC increased its position in Duke Energy Corporation (NYSE:DUK) by 2,284.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310 shares of the utilities provider’s stock after buying an additional 297 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Duke Energy were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DUK. GQG Partners LLC lifted 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 worth $1,250,133,000 after buying an additional 10,192,503 shares during the last quarter. Nuveen LLC bought a new stake in Duke Energy in the 1st quarter worth approximately $702,351,000. Raymond James Financial Inc. lifted its position 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 last quarter. Vanguard Group Inc. lifted its position in Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after buying an additional 1,676,061 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in Duke Energy by 359.1% in 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 period. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. UBS Group reaffirmed a “neutral” rating and issued a $127.00 price target (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. BMO Capital Markets lifted their price target on Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Evercore ISI assumed coverage on Duke Energy in a research note on Monday. They issued an “outperform” rating and a $143.00 price target on the stock. Raymond James Financial assumed coverage on Duke Energy in a research note on Friday, June 13th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $133.08.

Insider Buying and Selling at Duke Energy

In related news, 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 sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $248,760.00. Following the completion of the sale, the senior vice president directly 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 disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Duke Energy Price Performance

DUK opened at $125.30 on Thursday. 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 Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The stock has a market capitalization of $97.44 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 3.03 and a beta of 0.44. The stock’s 50 day moving average price is $122.93 and its 200-day moving average price is $119.73.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The business 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%. Duke Energy’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were paid a $1.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s payout ratio is currently 69.27%.

Duke Energy 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.