Farther Finance Advisors LLC Acquires 11,435 Shares of Duke Energy Corporation $DUK

Farther Finance Advisors LLC boosted its holdings in Duke Energy Corporation (NYSE:DUK) by 60.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,233 shares of the utilities provider’s stock after acquiring an additional 11,435 shares during the quarter. Farther Finance Advisors LLC’s holdings in Duke Energy were worth $3,568,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Duke Energy by 2.3% during the 1st 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 last quarter. GQG Partners LLC raised its stake in Duke Energy by 17,880.0% during the 1st 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 last quarter. Royal Bank of Canada raised its stake in Duke Energy by 4.9% during the 1st quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after buying an additional 418,014 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Duke Energy by 1.1% during the 1st 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 buying an additional 93,699 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Duke Energy by 1.9% during the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock valued at $994,496,000 after buying an additional 152,542 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

Shares of NYSE:DUK opened at $121.08 on Monday. The firm has a market cap of $94.15 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 2.92 and a beta of 0.39. The firm’s 50 day simple moving average is $121.79 and its 200-day simple moving average is $119.34. Duke Energy Corporation has a one year low of $105.20 and a one year 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.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS 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 return on equity of 9.85% and a net margin of 15.51%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were issued a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.5%. Duke Energy’s dividend payout ratio is 69.27%.

Insider Activity at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the transaction, the executive vice president directly owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This trade 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 link. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, the senior vice president directly owned 19,608 shares in the company, 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. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DUK shares. BMO Capital Markets boosted their target price on shares of Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Scotiabank upped their price objective on Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Morgan Stanley restated an “outperform” rating on shares of Duke Energy in a research note on Thursday, August 21st. Finally, UBS Group reaffirmed a “neutral” rating and issued a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $130.62.

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.