US Bancorp DE Acquires 12,715 Shares of Duke Energy Corporation $DUK

US Bancorp DE grew its holdings in Duke Energy Corporation (NYSE:DUK) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 409,075 shares of the utilities provider’s stock after acquiring an additional 12,715 shares during the quarter. US Bancorp DE’s holdings in Duke Energy were worth $48,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Armstrong Fleming & Moore Inc bought a new stake in shares of Duke Energy in the second quarter valued at approximately $234,000. Tectonic Advisors LLC increased its stake in Duke Energy by 10.9% during the second quarter. Tectonic Advisors LLC now owns 72,923 shares of the utilities provider’s stock valued at $8,605,000 after acquiring an additional 7,143 shares during the period. Fulton Breakefield Broenniman LLC increased its stake in Duke Energy by 10.2% during the second quarter. Fulton Breakefield Broenniman LLC now owns 4,555 shares of the utilities provider’s stock valued at $538,000 after acquiring an additional 420 shares during the period. Allegiance Financial Group Advisory Services LLC increased its stake in Duke Energy by 65.9% during the second quarter. Allegiance Financial Group Advisory Services LLC now owns 3,976 shares of the utilities provider’s stock valued at $469,000 after acquiring an additional 1,579 shares during the period. Finally, InTrack Investment Management Inc lifted its position in Duke Energy by 29.1% in the second quarter. InTrack Investment Management Inc now owns 12,000 shares of the utilities provider’s stock worth $1,416,000 after purchasing an additional 2,707 shares during the period. 65.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction 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 transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president owned 46,422 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DUK. JPMorgan Chase & Co. raised their target price on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Jefferies Financial Group cut Duke Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. UBS Group reaffirmed a “neutral” rating and issued a $127.00 target price (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. BMO Capital Markets raised their target price on Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Scotiabank set a $137.00 target price on Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.08.

Duke Energy Stock Performance

Duke Energy stock opened at $124.68 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The stock has a fifty day moving average price of $122.99 and a two-hundred day moving average price of $119.77. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The firm has a market capitalization of $96.95 billion, a P/E ratio of 20.27, a P/E/G ratio of 3.02 and a beta of 0.44.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $7.07 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a dividend of $1.065 per share. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Duke Energy’s dividend payout ratio is currently 69.27%.

About Duke Energy

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.