Compound Planning Inc. Raises Holdings in Duke Energy Corporation $DUK

Compound Planning Inc. grew its holdings in Duke Energy Corporation (NYSE:DUK) by 10.1% in the first quarter, Holdings Channel reports. The firm owned 14,629 shares of the utilities provider’s stock after buying an additional 1,337 shares during the quarter. Compound Planning Inc.’s holdings in Duke Energy were worth $1,784,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DUK. Vermillion Wealth Management Inc. purchased a new position in Duke Energy in the 4th quarter worth about $27,000. Wayfinding Financial LLC bought a new stake in shares of Duke Energy in the first quarter worth approximately $27,000. N.E.W. Advisory Services LLC purchased a new position in shares of Duke Energy during the first quarter valued at approximately $27,000. Mattson Financial Services LLC bought a new position in Duke Energy during the fourth quarter valued at approximately $28,000. Finally, Financial Network Wealth Advisors LLC boosted its holdings in Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Raymond James Financial started coverage on Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a research report on Tuesday, July 1st. Scotiabank upped their price target on shares of Duke Energy from $120.00 to $128.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley dropped their price objective on shares of Duke Energy from $125.00 to $124.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th. Nine equities research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.07.

Insiders Place Their Bets

In other news, 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 transaction of $832,542.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’s 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 of the company’s stock, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Stock Performance

NYSE:DUK opened at $124.2140 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The stock has a 50-day simple moving average of $119.78 and a two-hundred day simple moving average of $118.35. The firm has a market capitalization of $96.59 billion, a PE ratio of 20.20, a P/E/G ratio of 3.00 and a beta of 0.36. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85.

Duke Energy (NYSE:DUK) last posted 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). The company had revenue of $7.51 billion for 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%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be given a $1.065 dividend. The ex-dividend date is 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 3.4%. Duke Energy’s dividend payout ratio (DPR) 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.