Duke Energy Corporation $DUK Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC boosted its position in Duke Energy Corporation (NYSE:DUK) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,743 shares of the utilities provider’s stock after buying an additional 16,763 shares during the period. Waverly Advisors LLC’s holdings in Duke Energy were worth $16,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in Duke Energy by 12,624.6% during the 2nd quarter. California State Teachers Retirement System now owns 114,736,922 shares of the utilities provider’s stock valued at $14,523,400,000 after acquiring an additional 113,835,227 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Duke Energy in the second quarter worth $605,680,000. Janus Henderson Group PLC raised its holdings in shares of Duke Energy by 5,254.4% during the first quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock worth $358,227,000 after purchasing an additional 2,684,721 shares during the last quarter. Cullen Capital Management LLC acquired a new position in Duke Energy during the second quarter valued at $244,731,000. Finally, Amundi lifted its position in Duke Energy by 56.9% during the fourth quarter. Amundi now owns 2,662,460 shares of the utilities provider’s stock valued at $312,067,000 after purchasing an additional 965,808 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Up 0.9%

Shares of DUK stock opened at $121.32 on Wednesday. Duke Energy Corporation has a 1-year low of $113.89 and a 1-year high of $134.49. The company has a market cap of $94.59 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.80 and a beta of 0.37. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43. The stock has a 50 day simple moving average of $124.48 and a 200-day simple moving average of $126.36.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. The firm had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 EPS. On average, equities research analysts expect that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be given a $1.085 dividend. This represents a $4.34 annualized dividend and a dividend yield of 3.6%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 14th. Duke Energy’s dividend payout ratio (DPR) is 65.17%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Duke Energy from $136.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. KeyCorp raised Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 price objective for the company in a report on Thursday, July 23rd. BMO Capital Markets lowered their target price on Duke Energy from $134.00 to $132.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Mizuho set a $136.00 target price on Duke Energy in a report on Wednesday, August 5th. Finally, Truist Financial reduced their price target on Duke Energy from $138.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $137.94.

Duke Energy Profile

Duke Energy Corporation is an electric and natural gas utility holding company headquartered in Charlotte, North Carolina. The company generates, transmits, distributes and sells electricity, with a generation portfolio that includes natural gas, nuclear, coal, hydroelectric and renewable energy resources. It also operates natural gas distribution businesses and provides related energy services.

Duke Energy’s regulated electric utilities serve residential, commercial and industrial customers across the Carolinas, Florida, Indiana, Ohio and Kentucky.