Duke Energy Corporation $DUK Shares Bought by First Command Advisory Services Inc.

First Command Advisory Services Inc. raised its holdings in Duke Energy Corporation (NYSE:DUK) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,693 shares of the utilities provider’s stock after purchasing an additional 382 shares during the quarter. First Command Advisory Services Inc.’s holdings in Duke Energy were worth $1,026,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DUK. Brighton Jones LLC increased its stake in shares of Duke Energy by 11.6% during the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC increased its stake in shares of Duke Energy by 17.8% during the first quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock worth $1,663,000 after acquiring an additional 2,061 shares during the period. Diversified Trust Co increased its stake in shares of Duke Energy by 46.2% during the first quarter. Diversified Trust Co now owns 11,430 shares of the utilities provider’s stock worth $1,394,000 after acquiring an additional 3,611 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Duke Energy by 95.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 134,517 shares of the utilities provider’s stock worth $16,063,000 after acquiring an additional 65,605 shares during the period. Finally, Tsfg LLC increased its stake in shares of Duke Energy by 357.7% during the first quarter. Tsfg LLC now owns 357 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 279 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction dated 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 $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated 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 $5,768,397.72. This trade represents a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DUK shares. BMO Capital Markets boosted their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Morgan Stanley boosted their price target on shares of Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a research note on Wednesday. Evercore ISI initiated coverage on shares of Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 price target on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a research report on Friday. Finally, UBS Group upped their target price on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $138.36.

Duke Energy Trading Up 0.1%

Shares of DUK opened at $127.41 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The firm’s 50-day moving average is $123.71 and its two-hundred day moving average is $120.50. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The firm has a market capitalization of $99.07 billion, a P/E ratio of 20.72, a PEG ratio of 3.13 and a beta of 0.44.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s quarterly 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. On average, research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio is 69.27%.

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.