1,744 Shares in Duke Energy Corporation $DUK Acquired by Newman Dignan & Sheerar Inc.

Newman Dignan & Sheerar Inc. acquired a new position in shares of Duke Energy Corporation (NYSE:DUK) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,744 shares of the utilities provider’s stock, valued at approximately $206,000.

Other large investors have also recently modified their holdings of the company. Activest Wealth Management grew 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 purchasing an additional 105 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in Duke Energy during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC purchased a new stake in Duke Energy during the 1st quarter worth approximately $27,000. Financial Network Wealth Advisors LLC grew 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 purchasing an additional 198 shares during the last quarter. Finally, Saudi Central Bank purchased a new stake in Duke Energy during the 1st quarter worth approximately $37,000. Institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DUK shares. BMO Capital Markets boosted their target price on shares of Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. UBS Group reaffirmed a “neutral” rating and issued a $127.00 price objective (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a report on Tuesday, July 1st. Scotiabank upped their price objective 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. Finally, Barclays upped their price objective 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. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average price target of $131.50.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $121.57 on Friday. The company’s fifty day moving average price is $122.50 and its 200 day moving average price is $119.59. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85. The company has a market capitalization of $94.53 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.95 and a beta of 0.44. 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 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 company had revenue of $7.51 billion for 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 business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a dividend of $1.065 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Insiders Place Their Bets

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the transaction, the executive vice president 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. Corporate insiders own 0.14% of the company’s stock.

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.