Asio Capital LLC Acquires 2,411 Shares of Duke Energy Corporation $DUK

Asio Capital LLC grew its stake in Duke Energy Corporation (NYSE:DUK) by 13.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,800 shares of the utilities provider’s stock after acquiring an additional 2,411 shares during the period. Asio Capital LLC’s holdings in Duke Energy were worth $2,454,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Duke Energy by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider’s stock worth $35,575,000 after purchasing an additional 20,942 shares in the last quarter. Pinnacle Financial Partners Inc raised its position in Duke Energy by 9.9% during the first quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock worth $14,451,000 after acquiring an additional 11,445 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its stake in 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in Duke Energy by 1.1% in 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 buying an additional 93,699 shares during the period. Finally, Resolution Capital Ltd lifted its position in shares of Duke Energy by 7.6% in the first quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock valued at $7,318,000 after buying an additional 4,255 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DUK has been the subject of several research reports. Morgan Stanley cut their price target on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Barclays raised their price objective on shares of Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. 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 research report on Friday, July 11th. BMO Capital Markets lifted their price target on Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

Duke Energy Stock Down 0.3%

Shares of DUK opened at $122.71 on Tuesday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $127.85. The firm has a 50 day simple moving average of $122.35 and a two-hundred day simple moving average of $119.54. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The company has a market cap of $95.42 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.97 and a beta of 0.39.

Duke Energy (NYSE:DUK) last posted its quarterly 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 net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the business posted $1.18 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

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

Insider Activity at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’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 in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction 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. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

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.