Capital Asset Advisory Services LLC Boosts Stake in Duke Energy Corporation $DUK

Capital Asset Advisory Services LLC boosted its position in shares of Duke Energy Corporation (NYSE:DUK) by 4.7% during the second quarter, Holdings Channel.com reports. The firm owned 3,496 shares of the utilities provider’s stock after buying an additional 156 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Duke Energy were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Wesbanco Bank Inc. raised its stake in Duke Energy by 15.3% during the second quarter. Wesbanco Bank Inc. now owns 86,212 shares of the utilities provider’s stock worth $10,173,000 after purchasing an additional 11,443 shares during the period. Peak Financial Advisors LLC purchased a new position in Duke Energy during the second quarter worth about $451,000. Ables Iannone Moore & Associates Inc. raised its stake in Duke Energy by 8.4% during the second quarter. Ables Iannone Moore & Associates Inc. now owns 6,520 shares of the utilities provider’s stock worth $769,000 after purchasing an additional 506 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Duke Energy by 11.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,545 shares of the utilities provider’s stock valued at $300,000 after acquiring an additional 267 shares during the last quarter. Finally, Centurion Wealth Management LLC increased its position in shares of Duke Energy by 3.0% during the second quarter. Centurion Wealth Management LLC now owns 2,991 shares of the utilities provider’s stock valued at $353,000 after acquiring an additional 87 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Down 0.1%

NYSE DUK opened at $121.96 on Monday. 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 stock has a market capitalization of $94.84 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.94 and a beta of 0.39. The firm has a 50 day moving average of $121.42 and a two-hundred day moving average of $119.19.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 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 firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm earned $1.18 EPS. The company’s 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. As a group, research analysts expect 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 will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, August 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s payout ratio is presently 69.27%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Raymond James Financial assumed coverage on shares of Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating for the company. UBS Group reiterated a “neutral” rating and set a $127.00 price target (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 target on shares of Duke Energy in a research report on Tuesday, July 1st. Barclays lifted their price target on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.62.

Insider Activity at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’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 transaction of $832,542.00. Following the completion of the sale, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’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 sale, the senior vice president 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. 0.14% of the stock is currently owned by 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.