Guyasuta Investment Advisors Inc. Has $676,000 Stake in Duke Energy Corporation $DUK

Guyasuta Investment Advisors Inc. cut its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,729 shares of the utilities provider’s stock after selling 136 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Duke Energy were worth $676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GQG Partners LLC grew its stake in shares of Duke Energy by 17,880.0% in the 1st 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. Nuveen LLC bought a new position in shares of Duke Energy in the first quarter worth approximately $702,351,000. Raymond James Financial Inc. increased its position in shares of Duke Energy by 88.1% in the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after purchasing an additional 2,276,948 shares during the last quarter. Vanguard Group Inc. grew its position in Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after acquiring an additional 1,676,061 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Duke Energy by 14,268.8% in the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider’s stock worth $202,858,000 after purchasing an additional 1,651,608 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on DUK. JPMorgan Chase & Co. lifted their price target on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research report on Tuesday, July 1st. Scotiabank increased their price target on Duke Energy from $120.00 to $128.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 6th. BMO Capital Markets lifted their price target on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, Raymond James Financial started coverage on Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating on the stock. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

Insider Transactions at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’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 sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction dated 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 directly owned 19,608 shares in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Trading Up 0.5%

NYSE:DUK opened at $122.99 on Friday. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. The firm has a market capitalization of $95.64 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.97 and a beta of 0.39. 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 business’s 50-day moving average is $122.29 and its two-hundred day moving average is $119.52.

Duke Energy (NYSE:DUK) last posted its 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). The company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. 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. Shareholders of record on Friday, August 15th were issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, August 15th. 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.