Oakworth Capital Inc. Has $565,000 Holdings in Duke Energy Corporation $DUK

Oakworth Capital Inc. lessened its stake in Duke Energy Corporation (NYSE:DUK) by 17.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,786 shares of the utilities provider’s stock after selling 1,014 shares during the quarter. Oakworth Capital Inc.’s holdings in Duke Energy were worth $565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp raised its position in shares of Duke Energy by 31.6% in the 1st 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 during the period. Reyes Financial Architecture Inc. increased its stake in 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 purchasing an additional 83 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Duke Energy by 2.8% in the first 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 period. Lokken Investment Group LLC boosted its position in shares of Duke Energy by 3.3% during the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 84 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings 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 buying an additional 85 shares during the period. Institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. This represents a 12.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated 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 sale, the senior vice president directly owned 19,608 shares in the company, valued at approximately $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.

Analyst Upgrades and Downgrades

Several analysts recently commented on DUK shares. Morgan Stanley dropped their price objective on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Thursday. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. Barclays lifted their price objective on Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Finally, BMO Capital Markets raised their target price on shares of Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $131.00.

Duke Energy Stock Up 0.5%

Shares of Duke Energy stock opened at $122.99 on Monday. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The business’s 50 day simple moving average is $122.29 and its 200 day simple moving average is $119.52. The firm has a market cap of $95.64 billion, a PE ratio of 20.00, a P/E/G ratio of 2.97 and a beta of 0.39.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share 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 business had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the business earned $1.18 earnings per share. Duke Energy’s revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a dividend of $1.065 per share. This is a boost 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 yield of 3.5%. Duke Energy’s payout ratio is presently 69.27%.

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.