Chicago Partners Investment Group LLC Boosts Stock Holdings in Duke Energy Corporation $DUK

Chicago Partners Investment Group LLC boosted its position in Duke Energy Corporation (NYSE:DUK) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,657 shares of the utilities provider’s stock after buying an additional 763 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Duke Energy were worth $5,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in DUK. Cambridge Investment Research Advisors Inc. boosted its position in Duke Energy by 7.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider’s stock worth $35,575,000 after purchasing an additional 20,942 shares during the period. Pinnacle Financial Partners Inc lifted its position in shares of Duke Energy by 9.9% during the first quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock worth $14,451,000 after acquiring an additional 11,445 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in shares of Duke Energy by 8.1% in the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock worth $6,264,000 after acquiring an additional 3,837 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Duke Energy by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after acquiring an additional 93,699 shares during the period. Finally, Resolution Capital Ltd grew its position in shares of Duke Energy by 7.6% in the first quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock valued at $7,318,000 after purchasing an additional 4,255 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction that occurred 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 $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction that occurred 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 transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. This trade represents a 12.61% 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.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Scotiabank set a $137.00 target price on Duke Energy and gave the stock a “sector outperform” rating in a research note on Friday, October 3rd. Jefferies Financial Group boosted their price objective on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday, October 8th. Barclays raised their price target on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Evercore ISI started coverage on shares of Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.77.

Duke Energy Price Performance

DUK stock opened at $128.55 on Friday. The firm has a 50 day simple moving average of $123.34 and a two-hundred day simple moving average of $120.13. The stock has a market cap of $99.96 billion, a PE ratio of 20.90, a P/E/G ratio of 3.16 and a beta of 0.44. Duke Energy Corporation has a one year low of $105.20 and a one year high of $129.51. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

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

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) 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.