SPC Financial Inc. Purchases 101 Shares of Duke Energy Corporation $DUK

SPC Financial Inc. lifted its position in Duke Energy Corporation (NYSE:DUK) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,076 shares of the utilities provider’s stock after acquiring an additional 101 shares during the period. SPC Financial Inc.’s holdings in Duke Energy were worth $1,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DUK. GQG Partners LLC grew its stake in shares of Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after buying an additional 10,192,503 shares in the last quarter. Nuveen LLC acquired a new stake in Duke Energy during the 1st quarter valued at $702,351,000. Raymond James Financial Inc. boosted its position in Duke Energy by 88.1% during 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 period. Vanguard Group Inc. boosted 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 worth $9,094,327,000 after purchasing an additional 1,676,061 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its position in Duke Energy by 359.1% during the first 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 purchasing an additional 885,900 shares during the period. 65.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DUK shares. Evercore ISI started coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. UBS Group lifted their price objective on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday. Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. Jefferies Financial Group cut shares of Duke Energy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.08.

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 dated 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 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 transaction 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 business’s stock in a transaction dated Wednesday, August 20th. The shares were 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 approximately $2,438,843.04. This trade 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 insiders.

Duke Energy Stock Up 1.7%

DUK opened at $126.88 on Friday. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. 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 company has a market capitalization 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. The stock has a fifty day moving average of $123.06 and a 200-day moving average of $119.87.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the business posted $1.18 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

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