Intrua Financial LLC Purchases 411 Shares of Duke Energy Corporation $DUK

Intrua Financial LLC boosted its position in Duke Energy Corporation (NYSE:DUK) by 8.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,474 shares of the utilities provider’s stock after acquiring an additional 411 shares during the period. Intrua Financial LLC’s holdings in Duke Energy were worth $668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DUK. GQG Partners LLC increased its position in shares of Duke Energy by 17,880.0% during the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after buying an additional 10,192,503 shares during the period. Nuveen LLC bought a new stake in shares of Duke Energy during the first quarter valued at about $702,351,000. Raymond James Financial Inc. increased its position in shares of Duke Energy by 88.1% during the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after buying an additional 2,276,948 shares during the period. Vanguard Group Inc. increased its position in shares of Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after buying an additional 1,676,061 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Duke Energy by 14,268.8% during the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider’s stock valued at $202,858,000 after buying an additional 1,651,608 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Performance

NYSE:DUK opened at $122.22 on Friday. The firm has a market cap of $95.04 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.93 and a beta of 0.39. 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 debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The business has a 50 day moving average price of $121.33 and a 200-day moving average price of $119.11.

Duke Energy (NYSE:DUK) last released 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 analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be issued 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 dividend yield of 3.5%. The ex-dividend date is Friday, August 15th. Duke Energy’s dividend payout ratio is currently 69.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. UBS Group reissued a “neutral” rating and set a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Morgan Stanley reaffirmed an “outperform” rating on shares of Duke Energy in a research note on Thursday, August 21st. Finally, BMO Capital Markets upped their target price on Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $130.62.

Insider Buying and Selling

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was 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 owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the transaction, the executive vice president owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This 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.

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.