Relyea Zuckerberg Hanson LLC Increases Stock Position in Duke Energy Corporation $DUK

Relyea Zuckerberg Hanson LLC boosted its holdings in Duke Energy Corporation (NYSE:DUK) by 21.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,411 shares of the utilities provider’s stock after buying an additional 591 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Duke Energy were worth $403,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after buying an additional 700 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Duke Energy by 4.0% during the 1st quarter. Sivia Capital Partners LLC now owns 2,344 shares of the utilities provider’s stock valued at $286,000 after acquiring an additional 91 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Duke Energy by 3.7% in the first quarter. Wedmont Private Capital now owns 14,354 shares of the utilities provider’s stock worth $1,707,000 after acquiring an additional 510 shares during the period. RDA Financial Network purchased a new position in shares of Duke Energy during the first quarter valued at approximately $333,000. Finally, Miracle Mile Advisors LLC bought a new position in Duke Energy during the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DUK. UBS Group reiterated a “neutral” rating and set a $127.00 target price (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Morgan Stanley reduced their price objective on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research report on Saturday, September 27th. Raymond James Financial began coverage on shares of Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating for the company. Finally, Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the stock a “sector outperform” rating in a report on Friday. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $133.08.

Insider Buying and Selling

In related news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s 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 completion of the transaction, the senior vice president directly owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction 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 sale, the executive vice president directly 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 disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Stock Up 0.7%

NYSE DUK opened at $124.38 on Tuesday. 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 company has a market capitalization of $96.72 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.44. The stock’s 50-day moving average price is $122.71 and its 200-day moving average price is $119.65.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (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 the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were issued a dividend of $1.065 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s payout ratio is currently 69.27%.

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.