Godsey & Gibb Inc. Buys 97 Shares of Duke Energy Corporation $DUK

Godsey & Gibb Inc. increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 0.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 204,502 shares of the utilities provider’s stock after purchasing an additional 97 shares during the period. Duke Energy accounts for 2.3% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 19th largest holding. Godsey & Gibb Inc.’s holdings in Duke Energy were worth $24,131,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DUK. Joel Isaacson & Co. LLC boosted its stake in shares of Duke Energy by 12.9% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 5,001 shares of the utilities provider’s stock worth $590,000 after acquiring an additional 573 shares during the period. Drake & Associates LLC boosted its position in Duke Energy by 80.8% during the second quarter. Drake & Associates LLC now owns 22,480 shares of the utilities provider’s stock worth $2,653,000 after purchasing an additional 10,047 shares during the period. Relyea Zuckerberg Hanson LLC boosted its position in Duke Energy by 21.0% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,411 shares of the utilities provider’s stock worth $403,000 after purchasing an additional 591 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Duke Energy by 1.9% in the second quarter. Valeo Financial Advisors LLC now owns 17,596 shares of the utilities provider’s stock valued at $2,076,000 after purchasing an additional 322 shares during the period. Finally, Plimoth Trust Co. LLC lifted its stake in shares of Duke Energy by 2.3% during the 2nd quarter. Plimoth Trust Co. LLC now owns 33,805 shares of the utilities provider’s stock worth $3,989,000 after buying an additional 747 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Up 0.7%

DUK stock opened at $124.38 on Tuesday. The stock has a fifty day moving average of $122.71 and a 200-day moving average of $119.65. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The company has a market capitalization of $96.72 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.98 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 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 analysts’ expectations of $7.07 billion. During the same period last year, the company earned $1.18 earnings per share. 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. As a group, equities 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. Investors of record on Friday, August 15th were paid a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio is presently 69.27%.

Insider Activity

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated Tuesday, August 12th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DUK. JPMorgan Chase & Co. lifted their target price on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research report on Tuesday, July 1st. Jefferies Financial Group cut shares of Duke Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a report on Saturday, September 27th. Finally, UBS Group reissued a “neutral” rating and issued a $127.00 price objective (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.08.

Duke Energy Company 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.