Duke Energy Corporation $DUK Position Increased by Balboa Wealth Partners

Balboa Wealth Partners raised its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,618 shares of the utilities provider’s stock after buying an additional 179 shares during the quarter. Balboa Wealth Partners’ holdings in Duke Energy were worth $1,135,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its position in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Duke Energy in the first quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy in the first quarter valued at approximately $27,000. Mascoma Wealth Management LLC raised its position 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 purchasing an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC raised its position 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 purchasing an additional 198 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Up 0.9%

Shares of NYSE DUK opened at $128.55 on Monday. The stock has a market cap of $99.96 billion, a PE ratio of 20.90, a PEG ratio of 3.16 and a beta of 0.44. The business has a fifty day moving average of $123.34 and a two-hundred day moving average of $120.10. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week 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 issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business 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 dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. Duke Energy’s dividend payout ratio (DPR) is presently 69.27%.

Insider Transactions at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares of the company’s stock, valued at $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The transaction 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 Duke Energy stock in a transaction dated 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 transaction, the executive vice president directly owned 46,422 shares of the company’s stock, 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. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DUK shares. JPMorgan Chase & Co. raised their price objective on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Barclays raised their price objective on shares of Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. TD Cowen assumed coverage on shares of Duke Energy in a research note on Thursday. They set a “buy” rating and a $143.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research note on Tuesday, July 1st. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.77.

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.