Duke Energy Corporation $DUK Shares Purchased by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV boosted its position in shares of Duke Energy Corporation (NYSE:DUK) by 115.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 42,343 shares of the utilities provider’s stock after acquiring an additional 22,652 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Duke Energy were worth $4,996,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its position in Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in Duke Energy during the 1st quarter worth about $27,000. Wayfinding Financial LLC acquired a new stake in Duke Energy during the 1st quarter worth about $27,000. Financial Network Wealth Advisors LLC lifted its position in Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 198 shares during the period. Finally, Saudi Central Bank acquired a new stake in Duke Energy during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the business’s 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 completion of the sale, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’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 owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $123.58 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85. The business has a 50-day moving average price of $122.58 and a 200 day moving average price of $119.61. The firm has a market cap of $96.10 billion, a PE ratio of 20.09, a P/E/G ratio of 2.93 and a beta of 0.44.

Duke Energy (NYSE:DUK) last announced its quarterly 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 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 analysts’ expectations of $7.07 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. Duke Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a dividend of $1.065 per share. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, August 15th. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is presently 69.27%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research report on Tuesday, July 1st. BMO Capital Markets boosted their price objective on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. UBS Group reissued a “neutral” rating and issued a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Morgan Stanley decreased their price objective on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Finally, Scotiabank set a $137.00 price objective on Duke Energy and gave the company a “sector outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.25.

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.