Maridea Wealth Management LLC Makes New Investment in Duke Energy Corporation $DUK

Maridea Wealth Management LLC bought a new position in shares of Duke Energy Corporation (NYSE:DUK) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 8,863 shares of the utilities provider’s stock, valued at approximately $1,046,000.

Several other institutional investors have also recently bought and sold shares of DUK. Vanguard Group Inc. lifted its stake in shares of Duke Energy by 2.3% in 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 acquiring an additional 1,676,061 shares during the last quarter. GQG Partners LLC grew its position 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 worth $1,250,133,000 after acquiring an additional 10,192,503 shares during the last quarter. Royal Bank of Canada grew its position 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 worth $1,088,158,000 after acquiring an additional 418,014 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $1,055,087,000 after purchasing an additional 93,699 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Duke Energy by 1.9% during the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock worth $994,496,000 after purchasing an additional 152,542 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insiders Place Their Bets

In other news, 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 sale, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction on Wednesday, August 20th. The stock was 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 in the company, valued at $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. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DUK shares. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. UBS Group restated a “neutral” rating and set a $127.00 price target (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Barclays boosted their price target on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Finally, Morgan Stanley restated an “outperform” rating on shares of Duke Energy in a report on Thursday, August 21st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average price target of $130.62.

Duke Energy Stock Performance

Shares of DUK stock opened at $123.70 on Thursday. The company has a market cap of $96.19 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.97 and a beta of 0.39. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The firm has a 50 day moving average of $122.10 and a 200-day moving average of $119.43.

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 analysts’ consensus estimates of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the company earned $1.18 earnings per share. Duke Energy’s revenue for the quarter 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 forecast 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 was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were paid a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is presently 69.27%.

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.