Flagship Harbor Advisors LLC Acquires 189 Shares of Duke Energy Corporation $DUK

Flagship Harbor Advisors LLC lifted its holdings in Duke Energy Corporation (NYSE:DUK) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,521 shares of the utilities provider’s stock after purchasing an additional 189 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Duke Energy were worth $415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. GQG Partners LLC raised its position in Duke Energy by 17,880.0% during the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after acquiring an additional 10,192,503 shares in the last quarter. Nuveen LLC bought a new stake in Duke Energy during the first quarter worth $702,351,000. Raymond James Financial Inc. raised its position in Duke Energy by 88.1% during the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after acquiring an additional 2,276,948 shares in the last quarter. Vanguard Group Inc. raised its position in Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after acquiring an additional 1,676,061 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in Duke Energy by 359.1% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock worth $138,145,000 after acquiring an additional 885,900 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction dated 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 directly 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’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 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Trading Down 0.6%

DUK stock opened at $124.49 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The company’s 50-day simple moving average is $123.89 and its 200 day simple moving average is $120.74. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $130.03. The company has a market capitalization of $96.81 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.44.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the company posted $1.18 earnings per share. The company’s 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. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a $1.065 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio is 69.27%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group upped their price objective on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Barclays upped their price objective on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, UBS Group upped their price objective on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a report on Friday, October 10th. One investment 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.com, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Duke Energy 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.