Robertson Stephens Wealth Management LLC Has $337,000 Holdings in Duke Energy Corporation $DUK

Robertson Stephens Wealth Management LLC increased its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,860 shares of the utilities provider’s stock after buying an additional 130 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Duke Energy were worth $337,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DUK. GQG Partners LLC raised its stake in Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after buying an additional 10,192,503 shares during the period. Nuveen LLC acquired a new stake in Duke Energy during the 1st quarter worth $702,351,000. Raymond James Financial Inc. raised its stake in Duke Energy by 88.1% during the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after buying an additional 2,276,948 shares during the period. Vanguard Group Inc. raised its stake in Duke Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after buying an additional 1,676,061 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its stake in Duke Energy by 359.1% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock worth $138,145,000 after buying an additional 885,900 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated Tuesday, August 12th. The stock was 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 approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value 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. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $126.88 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’s 50-day simple moving average is $123.06 and its 200 day simple moving average is $119.87. The company has a market cap of $98.66 billion, a P/E ratio of 20.63, a P/E/G ratio of 3.06 and a beta of 0.44. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, sell-side analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were issued a dividend of $1.065 per share. The ex-dividend date was 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 yield of 3.4%. Duke Energy’s dividend payout ratio is 69.27%.

Analyst Ratings Changes

Several analysts have issued reports on DUK shares. Evercore ISI started coverage on Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday. UBS Group lifted their price target on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research note on Tuesday, July 1st. Finally, Morgan Stanley dropped their price target on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.