Trifecta Capital Advisors LLC Buys 297 Shares of Duke Energy Corporation $DUK

Trifecta Capital Advisors LLC grew its stake in Duke Energy Corporation (NYSE:DUK) by 2,284.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 310 shares of the utilities provider’s stock after acquiring an additional 297 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Duke Energy were worth $37,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DUK. Activest Wealth Management boosted its holdings in Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares in the last quarter. Wayfinding Financial LLC bought a new stake in Duke Energy in the first quarter worth $27,000. N.E.W. Advisory Services LLC bought a new stake in Duke Energy in the first quarter worth $27,000. Mascoma Wealth Management LLC boosted its holdings in Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its holdings in Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 198 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Down 0.2%

DUK stock opened at $125.30 on Thursday. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The business’s 50-day moving average is $122.93 and its two-hundred day moving average is $119.73. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The company has a market cap of $97.44 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 3.03 and a beta of 0.44.

Duke Energy (NYSE:DUK) last posted its earnings results 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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company posted $1.18 EPS. The firm’s revenue 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, analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a $1.065 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s 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 sale, the executive vice president owned 46,422 shares in the company, valued at $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 is available through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’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 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 disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

DUK has been the topic of a number of research analyst reports. Evercore ISI initiated coverage on Duke Energy in a report on Monday. They set an “outperform” rating and a $143.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Scotiabank set a $137.00 price target on Duke Energy and gave the company a “sector outperform” rating in a report on Friday, October 3rd. Barclays upped their price target on Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.