PDS Planning Inc Has $471,000 Stock Position in Duke Energy Corporation $DUK

PDS Planning Inc raised its stake in Duke Energy Corporation (NYSE:DUK) by 13.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,990 shares of the utilities provider’s stock after purchasing an additional 465 shares during the quarter. PDS Planning Inc’s holdings in Duke Energy were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DUK. Brighton Jones LLC raised its stake in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after purchasing an additional 700 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Duke Energy by 17.8% in the first quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock worth $1,663,000 after purchasing an additional 2,061 shares during the last quarter. Simon Quick Advisors LLC raised its stake in shares of Duke Energy by 43.6% in the first quarter. Simon Quick Advisors LLC now owns 5,234 shares of the utilities provider’s stock worth $638,000 after purchasing an additional 1,589 shares during the last quarter. Net Worth Advisory Group purchased a new stake in shares of Duke Energy in the first quarter worth approximately $203,000. Finally, Bar Harbor Wealth Management raised its stake in shares of Duke Energy by 3.8% in the first quarter. Bar Harbor Wealth Management now owns 4,950 shares of the utilities provider’s stock worth $604,000 after purchasing an additional 180 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value 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 trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president directly owned 46,422 shares of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Duke Energy Price Performance

Shares of NYSE DUK opened at $126.88 on Friday. The stock has a fifty day simple moving average of $123.06 and a two-hundred day simple moving average of $119.87. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85. The firm has a market cap of $98.66 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 3.06 and a beta of 0.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data 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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the company posted $1.18 earnings per share. Duke Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.4%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, August 15th. Duke Energy’s dividend payout ratio is currently 69.27%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DUK. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research note on Tuesday, July 1st. Scotiabank set a $137.00 price target on Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday. BMO Capital Markets increased their price target on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Barclays increased their price target on Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.08.

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.