Duke Energy Corporation $DUK Stock Position Raised by Almanack Investment Partners LLC.

Almanack Investment Partners LLC. lifted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 45.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,474 shares of the utilities provider’s stock after acquiring an additional 1,716 shares during the quarter. Almanack Investment Partners LLC.’s holdings in Duke Energy were worth $646,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Duke Energy during the first quarter valued at $27,000. Wayfinding Financial LLC purchased a new stake in Duke Energy in the 1st quarter worth about $27,000. Mascoma Wealth Management LLC boosted its position in Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its stake in Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 198 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Up 1.7%

Shares of Duke Energy stock opened at $126.88 on Monday. The firm has a market cap of $98.66 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 3.06 and a beta of 0.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The stock has a 50-day simple moving average of $123.06 and a 200-day simple moving average of $119.88.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The firm had revenue of $7.51 billion for 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%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business 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 annualized dividend and a yield of 3.4%. This is a boost 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 69.27%.

Wall Street Analyst Weigh In

DUK has been the subject of several research reports. Morgan Stanley decreased their price target on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research note on Tuesday, July 1st. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. BMO Capital Markets lifted their price objective on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Scotiabank set a $137.00 target price on Duke Energy and gave the company a “sector outperform” rating in a research note on Friday, October 3rd. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.08.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following 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 SEC, which is available at the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 in the company, 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. Company insiders own 0.14% of the company’s stock.

About Duke Energy

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.