Marino Stram & Associates LLC Purchases 506 Shares of Duke Energy Corporation $DUK

Marino Stram & Associates LLC increased its position in Duke Energy Corporation (NYSE:DUK) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 18,000 shares of the utilities provider’s stock after purchasing an additional 506 shares during the period. Marino Stram & Associates LLC’s holdings in Duke Energy were worth $2,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DUK. Toth Financial Advisory Corp raised its position in shares of Duke Energy by 31.6% during the 1st quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 83 shares during the period. Reyes Financial Architecture Inc. raised its position in shares of Duke Energy by 4.8% during the 1st quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock valued at $223,000 after purchasing an additional 83 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Duke Energy by 2.8% during the 1st quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider’s stock valued at $370,000 after purchasing an additional 84 shares during the period. Lokken Investment Group LLC raised its position in shares of Duke Energy by 3.3% during the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 84 shares during the period. Finally, Sheets Smith Wealth Management raised its position in shares of Duke Energy by 0.3% during the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock valued at $3,356,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the sale, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. 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 the stock in a transaction on 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 sale, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DUK. Jefferies Financial Group downgraded shares of Duke Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from $141.00 to $134.00 in a research report on Friday, September 26th. JPMorgan Chase & Co. raised their price objective on shares of Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Barclays raised their price objective on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Raymond James Financial assumed coverage on shares of Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating for the company. Finally, Scotiabank lifted their price target on shares of Duke Energy from $120.00 to $128.00 and gave the company a “sector perform” rating in a report on Wednesday, August 6th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

Duke Energy Price Performance

DUK stock opened at $123.71 on Wednesday. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The company has a fifty day simple moving average of $122.41 and a two-hundred day simple moving average of $119.57. The firm has a market capitalization of $96.20 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.96 and a beta of 0.39.

Duke Energy (NYSE:DUK) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the business earned $1.18 EPS. Duke Energy’s revenue for the quarter was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

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

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.