Duke Energy Corporation $DUK Shares Acquired by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. increased its holdings in Duke Energy Corporation (NYSE:DUK) by 51.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 246,810 shares of the utilities provider’s stock after acquiring an additional 84,200 shares during the quarter. Duke Energy comprises approximately 1.1% of Lockheed Martin Investment Management Co.’s investment portfolio, making the stock its 26th largest holding. Lockheed Martin Investment Management Co.’s holdings in Duke Energy were worth $29,124,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DUK. GQG Partners LLC boosted its stake in shares of 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 valued at $1,250,133,000 after buying an additional 10,192,503 shares during the last quarter. Nuveen LLC purchased a new position in shares of Duke Energy during the 1st quarter valued at approximately $702,351,000. Raymond James Financial Inc. boosted its stake in shares of 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 valued at $592,934,000 after buying an additional 2,276,948 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Duke Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after buying an additional 1,676,061 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of 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 valued at $138,145,000 after buying an additional 885,900 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s 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 completion of the sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by company insiders.

Duke Energy Price Performance

Shares of NYSE DUK opened at $125.11 on Friday. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The business’s fifty day moving average price is $123.89 and its two-hundred day moving average price is $120.71. The firm has a market capitalization of $97.28 billion, a PE ratio of 20.34, a P/E/G ratio of 3.05 and a beta of 0.44.

Duke Energy (NYSE:DUK) last issued its earnings results 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). 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 in the prior year, the business earned $1.18 earnings per share. Duke Energy’s quarterly revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DUK. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a research note on Tuesday. Mizuho upped their price objective on Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday. BTIG Research upgraded Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price objective on Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

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.