Duke Energy Corporation $DUK Shares Acquired by Rise Advisors LLC

Rise Advisors LLC increased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 69.0% in the 1st quarter, HoldingsChannel reports. The firm owned 735 shares of the utilities provider’s stock after purchasing an additional 300 shares during the period. Rise Advisors LLC’s holdings in Duke Energy were worth $90,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Plancorp LLC acquired a new position in Duke Energy during the 1st quarter worth $226,000. New England Asset Management Inc. grew its stake in Duke Energy by 8.0% during the 1st quarter. New England Asset Management Inc. now owns 71,565 shares of the utilities provider’s stock worth $8,729,000 after purchasing an additional 5,300 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Duke Energy by 3.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 148,826 shares of the utilities provider’s stock worth $18,152,000 after purchasing an additional 4,464 shares in the last quarter. NewEdge Advisors LLC grew its stake in Duke Energy by 5.7% during the 1st quarter. NewEdge Advisors LLC now owns 160,351 shares of the utilities provider’s stock worth $19,558,000 after purchasing an additional 8,711 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Duke Energy by 1.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 30,715 shares of the utilities provider’s stock worth $3,746,000 after purchasing an additional 562 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.2%

Shares of NYSE DUK opened at $120.58 on Friday. The stock has a market cap of $93.77 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.91 and a beta of 0.39. 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 52-week low of $105.20 and a 52-week high of $127.85. The business has a 50-day moving average price of $121.08 and a 200 day moving average price of $118.97.

Duke Energy (NYSE:DUK) last announced its earnings results 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). The firm had revenue of $7.51 billion during 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 firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be given a $1.065 dividend. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. Duke Energy’s payout ratio is currently 69.27%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. BMO Capital Markets boosted their target price on Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. UBS Group reaffirmed a “neutral” rating and set a $127.00 price objective (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research report on Tuesday, July 1st. Raymond James Financial initiated coverage on Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating for the company. Finally, Scotiabank upped their price objective on Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.62.

Insider Transactions at Duke Energy

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 transaction of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 approximately $5,768,397.72. This represents a 12.61% 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 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.