111 Capital Invests $330,000 in Duke Energy Corporation $DUK

111 Capital purchased a new position in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,797 shares of the utilities provider’s stock, valued at approximately $330,000.

A number of other hedge funds also recently modified their holdings of DUK. Activest Wealth Management lifted its holdings in shares of 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 purchasing an additional 105 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Duke Energy during the first quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new position in Duke Energy in the first quarter valued at $27,000. Financial Network Wealth Advisors LLC lifted its holdings in Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after buying an additional 198 shares during the period. Finally, Saudi Central Bank acquired a new position in Duke Energy in the first quarter valued at $37,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE DUK opened at $124.38 on Tuesday. The firm’s 50-day moving average price is $122.71 and its 200-day moving average price is $119.65. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85. The firm has a market capitalization of $96.72 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.98 and a beta of 0.44. 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 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 company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the company posted $1.18 EPS. Duke Energy’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. Equities research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were issued a $1.065 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Insider Transactions at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were 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. This represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the sale, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a report on Saturday, September 27th. Morgan Stanley dropped their target price on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Barclays boosted their target price on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Raymond James Financial assumed coverage on shares of Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. Finally, Scotiabank set a $137.00 target price on shares of Duke Energy and gave the company a “sector outperform” rating in a report on Friday. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.08.

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.