2,015 Shares in Duke Energy Corporation $DUK Acquired by Ferguson Shapiro LLC

Ferguson Shapiro LLC acquired a new position in Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,015 shares of the utilities provider’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DUK. GQG Partners LLC grew its stake 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 worth $1,250,133,000 after purchasing an additional 10,192,503 shares in the last quarter. Nuveen LLC bought a new position in Duke Energy in the first quarter worth approximately $702,351,000. Raymond James Financial Inc. grew its stake in Duke Energy by 88.1% in the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after purchasing an additional 2,276,948 shares in the last quarter. Vanguard Group Inc. boosted its position in Duke Energy by 2.3% during the 1st 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. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Duke Energy by 359.1% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock valued at $138,145,000 after acquiring an additional 885,900 shares during the period. Institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other Duke Energy 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 transaction of $248,760.00. Following the completion of the sale, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.14% of the company’s stock.

Duke Energy Stock Down 1.4%

Duke Energy stock opened at $125.70 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The stock has a market capitalization of $97.74 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 3.13 and a beta of 0.44. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03. The business has a fifty day moving average price of $123.87 and a 200-day moving average price of $120.64.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be given 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 yield of 3.4%. Duke Energy’s payout ratio is currently 69.27%.

Wall Street Analyst Weigh In

DUK has been the topic of a number of analyst reports. Evercore ISI initiated coverage on Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target on the stock. Royal Bank Of Canada initiated coverage on Duke Energy in a report on Monday. They issued a “sector perform” rating and a $143.00 price target on the stock. Barclays lifted their price target on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday, October 8th. Finally, Wells Fargo & Company initiated coverage on Duke Energy in a report on Monday. They issued an “equal weight” rating and a $126.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average price target 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.