Premier Path Wealth Partners LLC Acquires 715 Shares of Duke Energy Corporation $DUK

Premier Path Wealth Partners LLC lifted its holdings in Duke Energy Corporation (NYSE:DUK) by 18.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,696 shares of the utilities provider’s stock after buying an additional 715 shares during the period. Premier Path Wealth Partners LLC’s holdings in Duke Energy were worth $554,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after buying an additional 1,676,061 shares during the last quarter. GQG Partners LLC lifted its position in shares of Duke Energy by 17,880.0% in the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after purchasing an additional 10,192,503 shares during the period. Royal Bank of Canada lifted its position in Duke Energy by 4.9% during the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after acquiring an additional 418,014 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 valued at $1,055,087,000 after acquiring an additional 93,699 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Duke Energy by 1.9% in the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock worth $994,496,000 after buying an additional 152,542 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Trading Up 0.7%

Shares of NYSE:DUK opened at $125.11 on Friday. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $130.03. The company’s 50 day moving average is $123.89 and its two-hundred day moving average is $120.71. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The company has a market cap 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 posted its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on DUK. JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. Barclays upped their target price on shares of Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Evercore ISI initiated coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price target on the stock. Finally, Cowen initiated coverage on shares of Duke Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Insider Buying and Selling at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction 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 trade represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the sale, the executive vice president owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

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.