Duke Energy Corporation $DUK Shares Bought by Members Trust Co

Members Trust Co increased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 17.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,485 shares of the utilities provider’s stock after buying an additional 825 shares during the quarter. Members Trust Co’s holdings in Duke Energy were worth $647,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Pinnacle Financial Partners Inc raised its position in shares of Duke Energy by 9.9% during the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock worth $14,451,000 after purchasing an additional 11,445 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its position in shares of Duke Energy by 8.1% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock worth $6,264,000 after purchasing an additional 3,837 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Duke Energy by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after purchasing an additional 93,699 shares during the last quarter. Resolution Capital Ltd raised its position in shares of Duke Energy by 7.6% during the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock worth $7,318,000 after purchasing an additional 4,255 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of Duke Energy by 2.2% during the 1st quarter. D.A. Davidson & CO. now owns 234,464 shares of the utilities provider’s stock worth $28,598,000 after purchasing an additional 4,948 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 completion of the sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the sale, 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 disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Stock Down 0.5%

Shares of NYSE DUK opened at $128.25 on Wednesday. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $129.51. The firm has a fifty day moving average of $123.48 and a 200-day moving average of $120.23. The stock has a market capitalization of $99.73 billion, a PE ratio of 20.85, a P/E/G ratio of 3.17 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.

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 the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the prior year, the firm earned $1.18 earnings per share. The firm’s quarterly 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. On average, analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be given a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio is 69.27%.

Analyst Ratings Changes

Several research firms have commented on DUK. BMO Capital Markets lifted their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. UBS Group lifted their target price on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research note on Tuesday, July 1st. Morgan Stanley lowered their target price on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, BTIG Research began coverage on shares of Duke Energy in a research note on Tuesday. They issued a “buy” rating and a $150.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.71.

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.