First Pacific Financial Has $136,000 Holdings in Duke Energy Corporation $DUK

First Pacific Financial lifted its position in shares of Duke Energy Corporation (NYSE:DUK) by 391.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,149 shares of the utilities provider’s stock after purchasing an additional 915 shares during the quarter. First Pacific Financial’s holdings in Duke Energy were worth $136,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after buying an additional 1,676,061 shares during the period. GQG Partners LLC boosted its stake in Duke Energy by 17,880.0% during the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after acquiring an additional 10,192,503 shares in the last quarter. Royal Bank of Canada boosted its stake in Duke Energy by 4.9% during the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock worth $1,088,158,000 after acquiring an additional 418,014 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Duke Energy by 1.1% during 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 in the last quarter. Finally, Northern Trust Corp boosted its stake in Duke Energy by 1.9% during the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock worth $994,496,000 after acquiring an additional 152,542 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Down 1.1%

Duke Energy stock opened at $122.42 on Thursday. 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 $95.19 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.99 and a beta of 0.44. The firm’s fifty day moving average price is $122.47 and its two-hundred day moving average price is $119.59. 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 released its quarterly earnings data 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). 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 the consensus estimate of $7.07 billion. During the same period last year, the business posted $1.18 earnings per share. The firm’s quarterly 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, equities research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

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

Insider Transactions at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were 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 of the company’s stock, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,768,397.72. The trade was 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 company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DUK shares. Morgan Stanley cut 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 research note on Thursday, September 25th. Raymond James Financial started coverage on shares of Duke Energy in a research note on Friday, June 13th. They set a “market perform” rating on the stock. Scotiabank increased their target price on shares of Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research note on Tuesday, July 1st. Finally, BMO Capital Markets increased their target price on shares of Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

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.