Oregon Public Employees Retirement Fund Purchases 400 Shares of Duke Energy Corporation $DUK

Oregon Public Employees Retirement Fund lifted its position in Duke Energy Corporation (NYSE:DUK) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 67,071 shares of the utilities provider’s stock after purchasing an additional 400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Duke Energy were worth $7,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after acquiring an additional 1,676,061 shares in the last quarter. GQG Partners LLC boosted its holdings in Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after acquiring an additional 10,192,503 shares in the last quarter. Royal Bank of Canada boosted its holdings in Duke Energy by 4.9% in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Duke Energy by 1.1% in 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 in the last quarter. Finally, Northern Trust Corp boosted its holdings in Duke Energy by 1.9% in the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock valued at $994,496,000 after acquiring an additional 152,542 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated Tuesday, August 12th. The stock was 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 owned 46,422 shares of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 approximately $2,438,843.04. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $126.88 on Monday. 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 firm has a market capitalization of $98.66 billion, a P/E ratio of 20.63, a P/E/G ratio of 3.06 and a beta of 0.44. The business has a fifty day simple moving average of $123.06 and a two-hundred day simple moving average of $119.88. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 9.85% and a net margin of 15.51%.Duke Energy’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were given a $1.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s payout ratio is presently 69.27%.

Analyst Ratings Changes

DUK has been the topic of several recent analyst reports. Barclays lifted their price target on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. BMO Capital Markets lifted their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a report on Tuesday, July 1st. JPMorgan Chase & Co. raised their price objective on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Finally, Morgan Stanley lowered their price objective on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.08.

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.