Resonant Capital Advisors LLC Buys New Position in Duke Energy Corporation $DUK

Resonant Capital Advisors LLC bought a new stake in Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,064 shares of the utilities provider’s stock, valued at approximately $244,000.

Other hedge funds also recently made changes to their positions in the company. Pinnacle Financial Partners Inc increased its stake in Duke Energy by 9.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock valued at $14,451,000 after buying an additional 11,445 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in shares of Duke Energy by 8.1% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock valued at $6,264,000 after acquiring an additional 3,837 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Duke Energy by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after acquiring an additional 93,699 shares in the last quarter. Resolution Capital Ltd boosted its position in Duke Energy by 7.6% during the first quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock valued at $7,318,000 after purchasing an additional 4,255 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in Duke Energy by 2.2% in the first quarter. D.A. Davidson & CO. now owns 234,464 shares of the utilities provider’s stock valued at $28,598,000 after purchasing an additional 4,948 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DUK has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Jefferies Financial Group increased their price target on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. UBS Group boosted their price objective on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Royal Bank Of Canada set a $143.00 target price on shares of Duke Energy in a research note on Monday. Finally, BTIG Research upgraded Duke Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

Insider Buying and Selling

In related news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the sale, the senior vice president owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Stock Performance

NYSE:DUK opened at $127.48 on Tuesday. The stock has a 50 day simple moving average of $123.83 and a 200 day simple moving average of $120.58. The stock has a market cap of $99.13 billion, a P/E ratio of 20.73, a PEG ratio of 3.13 and a beta of 0.44. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03. 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 posted 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). The firm had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $1.065 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. Duke Energy’s 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.