Pure Financial Advisors LLC Increases Stock Position in Duke Energy Corporation $DUK

Pure Financial Advisors LLC boosted its position in Duke Energy Corporation (NYSE:DUK) by 989.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 33,088 shares of the utilities provider’s stock after purchasing an additional 30,051 shares during the quarter. Pure Financial Advisors LLC’s holdings in Duke Energy were worth $3,904,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Toth Financial Advisory Corp raised its position in Duke Energy by 31.6% during the first quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 83 shares in the last quarter. Reyes Financial Architecture Inc. raised its holdings in shares of Duke Energy by 4.8% in the first quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock valued at $223,000 after buying an additional 83 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Duke Energy by 2.8% during the 1st quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider’s stock worth $370,000 after purchasing an additional 84 shares during the last quarter. Lokken Investment Group LLC increased its stake in shares of Duke Energy by 3.3% in the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 84 shares during the last quarter. Finally, Sheets Smith Wealth Management grew its position in shares of Duke Energy by 0.3% in the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock valued at $3,356,000 after purchasing an additional 85 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $122.42 on Thursday. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85. The business has a fifty day moving average price of $122.47 and a 200-day moving average price of $119.59. 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 capitalization of $95.19 billion, a PE ratio of 19.91, a PEG ratio of 2.99 and a beta of 0.44.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the firm earned $1.18 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were given a $1.065 dividend. This is an increase 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 was Friday, August 15th. Duke Energy’s dividend payout ratio (DPR) is presently 69.27%.

Insider Buying and Selling

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the 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 sale, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This trade 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DUK shares. UBS Group reissued a “neutral” rating and issued a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Scotiabank raised their price objective on Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 6th. BMO Capital Markets boosted their price objective on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. 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 research report on Thursday, August 21st. Finally, Morgan Stanley lowered their target price on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $131.50.

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.