Carnegie Investment Counsel Buys 2,783 Shares of Duke Energy Corporation $DUK

Carnegie Investment Counsel raised its stake in Duke Energy Corporation (NYSE:DUK) by 35.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,698 shares of the utilities provider’s stock after acquiring an additional 2,783 shares during the quarter. Carnegie Investment Counsel’s holdings in Duke Energy were worth $1,262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in Duke Energy by 11.6% during the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after purchasing an additional 700 shares during the last quarter. GAMMA Investing LLC raised its holdings in Duke Energy by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock worth $1,663,000 after purchasing an additional 2,061 shares during the last quarter. Spire Wealth Management raised its holdings in Duke Energy by 10.8% during the 1st quarter. Spire Wealth Management now owns 7,167 shares of the utilities provider’s stock worth $874,000 after purchasing an additional 701 shares during the last quarter. Pure Financial Advisors LLC raised its holdings in Duke Energy by 22.8% during the 1st quarter. Pure Financial Advisors LLC now owns 3,037 shares of the utilities provider’s stock worth $370,000 after purchasing an additional 564 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in Duke Energy by 46.2% during the 1st quarter. Diversified Trust Co now owns 11,430 shares of the utilities provider’s stock worth $1,394,000 after purchasing an additional 3,611 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on DUK shares. Morgan Stanley raised their price target on shares of Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays raised their price objective 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. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research report on Tuesday, July 1st. UBS Group raised their price objective on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Evercore ISI initiated coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average price target of $138.36.

Insiders Place Their Bets

In other news, 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 transaction of $832,542.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the senior vice president owned 19,608 shares in the company, valued at $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 insiders.

Duke Energy Stock Performance

NYSE DUK opened at $127.41 on Friday. The company has a fifty day simple moving average of $123.71 and a 200 day simple moving average of $120.47. 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. The company has a market cap of $99.07 billion, a P/E ratio of 20.72, a PEG ratio of 3.13 and a beta of 0.44.

Duke Energy (NYSE:DUK) last posted its quarterly 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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the business posted $1.18 EPS. The business’s revenue for the quarter 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. Sell-side analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be given a $1.065 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 annualized dividend and a yield of 3.3%. 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.