Sigma Investment Counselors Inc. Has $308,000 Stake in Duke Energy Corporation $DUK

Sigma Investment Counselors Inc. cut its stake in Duke Energy Corporation (NYSE:DUK) by 15.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,611 shares of the utilities provider’s stock after selling 466 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Duke Energy were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of DUK. Brighton Jones LLC boosted 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 acquiring an additional 700 shares during the last quarter. GAMMA Investing LLC grew its position in Duke Energy by 17.8% in 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 in the last quarter. ORG Wealth Partners LLC purchased a new stake in Duke Energy in the 1st quarter valued at about $54,000. Advisor Resource Council purchased a new position in shares of Duke Energy in the 1st quarter worth approximately $354,000. Finally, Jamison Private Wealth Management Inc. grew its holdings in shares of Duke Energy by 1.2% in the first quarter. Jamison Private Wealth Management Inc. now owns 49,941 shares of the utilities provider’s stock valued at $6,091,000 after acquiring an additional 589 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. 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 stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value 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 trade represents a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DUK. Scotiabank set a $137.00 price objective on Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. Cowen initiated coverage on shares of Duke Energy in a research report on Wednesday. They issued a “buy” rating on the stock. UBS Group increased their target price on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. 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. Finally, TD Cowen began coverage on Duke Energy in a research report on Thursday. They issued a “buy” rating and a $143.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.77.

Duke Energy Stock Up 0.9%

Duke Energy stock opened at $128.55 on Friday. The firm has a 50 day simple moving average of $123.34 and a 200 day simple moving average of $120.13. 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 Corporation has a 1-year low of $105.20 and a 1-year high of $129.51. The firm has a market capitalization of $99.96 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 3.16 and a beta of 0.44.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results 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). The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 earnings per share. 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 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be paid a $1.065 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.26 annualized dividend and a yield of 3.3%. Duke Energy’s dividend payout ratio 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.