Allegiance Financial Group Advisory Services LLC Has $469,000 Position in Duke Energy Corporation $DUK

Allegiance Financial Group Advisory Services LLC lifted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 65.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,976 shares of the utilities provider’s stock after acquiring an additional 1,579 shares during the period. Allegiance Financial Group Advisory Services LLC’s holdings in Duke Energy were worth $469,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its holdings in Duke Energy by 7.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider’s stock worth $35,575,000 after buying an additional 20,942 shares during the last quarter. Pinnacle Financial Partners Inc raised its holdings in Duke Energy by 9.9% during the first quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock worth $14,451,000 after buying an additional 11,445 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in Duke Energy by 8.1% during the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock worth $6,264,000 after buying an additional 3,837 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Duke Energy by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after buying an additional 93,699 shares during the last quarter. Finally, Resolution Capital Ltd raised its holdings in Duke Energy by 7.6% during the first quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock worth $7,318,000 after buying an additional 4,255 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

DUK opened at $125.30 on Thursday. The firm has a market cap of $97.44 billion, a P/E ratio of 20.37, a PEG ratio of 3.03 and a beta of 0.44. The firm has a 50-day moving average of $122.93 and a 200 day moving average of $119.73. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85.

Duke Energy (NYSE:DUK) last posted 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 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%. Duke Energy’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

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

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the 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 transaction, 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 owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DUK shares. BMO Capital Markets upped their price objective on shares of Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a report on Tuesday, July 1st. Barclays upped their target price on shares of Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday. Finally, UBS Group reiterated a “neutral” rating and issued a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average price target of $133.08.

Duke Energy Company 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.