GoalVest Advisory LLC Purchases 204 Shares of Duke Energy Corporation $DUK

GoalVest Advisory LLC increased its position in Duke Energy Corporation (NYSE:DUK) by 36.0% in the second quarter, Holdings Channel.com reports. The fund owned 771 shares of the utilities provider’s stock after acquiring an additional 204 shares during the quarter. GoalVest Advisory LLC’s holdings in Duke Energy were worth $91,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pinnacle Financial Partners Inc boosted its position in shares of Duke Energy by 9.9% in the first quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock valued at $14,451,000 after acquiring an additional 11,445 shares during the period. Beacon Investment Advisory Services Inc. boosted its position in shares of Duke Energy by 8.1% in the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock valued at $6,264,000 after acquiring an additional 3,837 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Duke Energy by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after purchasing an additional 93,699 shares during the last quarter. Resolution Capital Ltd lifted its position in Duke Energy by 7.6% during the first quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock valued at $7,318,000 after purchasing an additional 4,255 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in Duke Energy by 2.2% during the first quarter. D.A. Davidson & CO. now owns 234,464 shares of the utilities provider’s stock valued at $28,598,000 after purchasing an additional 4,948 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 0.1%

Shares of NYSE:DUK opened at $127.48 on Tuesday. The stock’s 50-day moving average price is $123.83 and its 200-day moving average price is $120.58. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03. The stock has a market capitalization of $99.13 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 3.13 and a beta of 0.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) 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 company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the business posted $1.18 earnings per share. The firm’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, equities analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid 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 payout ratio is presently 69.27%.

Insider Buying and Selling at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy 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 transaction, the senior vice president directly owned 19,608 shares of the company’s stock, valued at $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy 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 completion of the transaction, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DUK shares. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Jefferies Financial Group lifted their target price on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Morgan Stanley lifted their target price on shares of Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Mizuho lifted their target price on shares of Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

About Duke Energy

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.