Financial Symmetry Inc Buys Shares of 2,887 Duke Energy Corporation $DUK

Financial Symmetry Inc bought a new stake in Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, Holdings Channel reports. The firm bought 2,887 shares of the utilities provider’s stock, valued at approximately $341,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management grew its stake in shares of Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Duke Energy in the first quarter valued at approximately $27,000. Wayfinding Financial LLC purchased a new stake in shares of Duke Energy in the first quarter valued at approximately $27,000. Mascoma Wealth Management LLC boosted its stake in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after buying an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its stake in shares of Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after buying an additional 198 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DUK has been the topic of a number of analyst reports. Barclays lifted their price target on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. lifted their price target on Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. TD Cowen initiated coverage on Duke Energy in a research note on Thursday. They issued a “buy” rating and a $143.00 price target on the stock. 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, October 10th. Finally, Cowen began coverage on Duke Energy in a research note on Wednesday. They issued a “buy” rating on the stock. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Duke Energy has an average rating of “Moderate Buy” and a consensus price target of $136.77.

Insider Buying and Selling at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the company’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 sale, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the sale, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. This represents 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 corporate insiders.

Duke Energy Stock Performance

Shares of DUK stock opened at $128.55 on Monday. The stock has a fifty day moving average price of $123.34 and a 200 day moving average price of $120.10. The stock has a market cap of $99.96 billion, a PE ratio of 20.90, a P/E/G ratio of 3.16 and a beta of 0.44. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $129.51. 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 (NYSE:DUK) last released its quarterly 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 company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the firm earned $1.18 earnings per share. The business’s 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. Sell-side analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio is currently 69.27%.

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.