Duke Energy Corporation $DUK Stock Purchased by Courier Capital LLC

Courier Capital LLC grew its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 72.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,104 shares of the utilities provider’s stock after buying an additional 12,187 shares during the quarter. Courier Capital LLC’s holdings in Duke Energy were worth $3,318,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DUK. Salvus Wealth Management LLC boosted its position in shares of Duke Energy by 23.8% in the third quarter. Salvus Wealth Management LLC now owns 4,568 shares of the utilities provider’s stock worth $521,000 after buying an additional 877 shares during the period. Sax Wealth Advisors LLC raised its holdings in shares of Duke Energy by 15.0% during the 3rd quarter. Sax Wealth Advisors LLC now owns 4,441 shares of the utilities provider’s stock valued at $506,000 after buying an additional 580 shares during the period. Avior Wealth Management LLC raised its holdings in shares of Duke Energy by 27.8% during the 3rd quarter. Avior Wealth Management LLC now owns 4,294 shares of the utilities provider’s stock valued at $490,000 after buying an additional 933 shares during the period. Vertrix Wealth Management LLC lifted its position in Duke Energy by 0.7% during the 3rd quarter. Vertrix Wealth Management LLC now owns 41,282 shares of the utilities provider’s stock worth $4,707,000 after acquiring an additional 293 shares in the last quarter. Finally, Oak Grove Capital LLC lifted its position in Duke Energy by 30.9% during the 3rd quarter. Oak Grove Capital LLC now owns 278,361 shares of the utilities provider’s stock worth $31,736,000 after acquiring an additional 65,750 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Up 0.5%

Shares of NYSE:DUK traded up $0.54 during trading on Tuesday, hitting $118.23. The company’s stock had a trading volume of 3,498,824 shares, compared to its average volume of 3,998,472. The company has a market capitalization of $92.19 billion, a PE ratio of 17.75, a PEG ratio of 2.72 and a beta of 0.36. Duke Energy Corporation has a fifty-two week low of $112.40 and a fifty-two week high of $134.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The stock’s 50-day moving average price is $119.32 and its two-hundred day moving average price is $124.02.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.13. The company had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. Duke Energy’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. As a group, sell-side analysts expect that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be paid a $1.0850 dividend. This represents a $4.34 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, November 13th. Duke Energy’s dividend payout ratio (DPR) is 65.17%.

Duke Energy News Summary

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: KeyCorp maintained an “overweight” rating despite lowering its price target from $139 to $128. The revised target still indicates approximately 8% potential upside, suggesting the firm expects Duke Energy’s regulated utility operations and investment program to support the shares.
• Positive Sentiment: Duke Energy Florida introduced a $7.50 monthly bill credit for customers who charge electric vehicles during designated off-peak periods. The program could encourage load management, support EV adoption and improve grid utilization in a state with one of the nation’s largest EV populations. Plug in, get paid: Duke Energy Florida program offers bill credits
• Positive Sentiment: Storm-recovery reports highlighted Duke Energy’s grid investments. The company restored service to roughly 10,000 customers after Hurricane Isaias, while its planned $103 billion investment program is intended to improve reliability and storm resilience over time. Can Duke Energy’s Grid Investments Strengthen Storm Resilience?
• Neutral Sentiment: JPMorgan lowered its price target from $137 to $130 and assigned a “neutral” rating. Although the new target implies about 10% upside, the cut signals more cautious expectations for valuation or earnings growth and may limit near-term enthusiasm.
• Neutral Sentiment: Duke Energy Foundation announced nearly $200,000 for South Carolina Main Street revitalization projects. The initiative supports local communities but is unlikely to materially affect earnings. Duke Energy Foundation investing nearly $200,000 in South Carolina communities
• Negative Sentiment: About 30 North Carolina households allege power surges damaged appliances and say Duke Energy denied their claims. The dispute could create reputational, regulatory or potential liability risks if claims expand. North Carolina customers allege power surge damage

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of analyst reports. KeyCorp decreased their price target on Duke Energy from $139.00 to $128.00 and set an “overweight” rating for the company in a report on Tuesday. Mizuho set a $136.00 price objective on shares of Duke Energy in a research note on Wednesday, August 5th. BTIG Research reissued a “buy” rating on shares of Duke Energy in a research report on Thursday, July 23rd. Truist Financial decreased their target price on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Monday. Finally, Scotiabank decreased their target price on shares of Duke Energy from $146.00 to $131.00 in a research note on Wednesday, September 30th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.38.

About Duke Energy

Duke Energy Corporation (NYSE: DUK) is an energy holding company that operates regulated electric and natural gas utilities in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers.

The company serves customers across the Carolinas, Florida, Indiana, Ohio and Kentucky. Duke Energy also operates natural gas utilities and related infrastructure in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.