Duke Energy Corporation $DUK Shares Bought by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC boosted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,555 shares of the utilities provider’s stock after acquiring an additional 420 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Duke Energy were worth $538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Activest Wealth Management raised its position in Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Duke Energy during the first quarter worth about $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Duke Energy during the first quarter worth about $27,000. Mascoma Wealth Management LLC grew its holdings in shares of Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after buying an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC grew its holdings in shares of Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after buying an additional 198 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, 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. Insiders own 0.14% of the company’s stock.

Duke Energy Trading Down 0.2%

Shares of DUK stock opened at $125.30 on Thursday. The stock has a market cap of $97.44 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 3.03 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The firm’s 50 day moving average price is $122.93 and its two-hundred day moving average price is $119.73.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results 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). The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a report on Tuesday, July 1st. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the stock a “sector outperform” rating in a report on Friday, October 3rd. Raymond James Financial initiated coverage on shares of Duke Energy in a report on Friday, June 13th. They set a “market perform” rating for the company. Evercore ISI initiated coverage on shares of Duke Energy in a report on Monday. They issued an “outperform” rating and a $143.00 target price for the company. Finally, Jefferies Financial Group downgraded shares of Duke Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $141.00 to $134.00 in a report on Friday, September 26th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.08.

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.