Duke Energy Corporation $DUK Stake Lessened by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A decreased its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,880 shares of the utilities provider’s stock after selling 150 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Duke Energy were worth $222,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc increased its stake in Duke Energy by 9.9% during the first quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock valued at $14,451,000 after purchasing an additional 11,445 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in shares of Duke Energy by 8.1% during the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock valued at $6,264,000 after acquiring an additional 3,837 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Duke Energy by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after acquiring an additional 93,699 shares during the period. Resolution Capital Ltd boosted its holdings in shares of Duke Energy by 7.6% during the first quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock valued at $7,318,000 after acquiring an additional 4,255 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in shares of Duke Energy by 2.2% during the first quarter. D.A. Davidson & CO. now owns 234,464 shares of the utilities provider’s stock valued at $28,598,000 after acquiring an additional 4,948 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE DUK opened at $128.98 on Thursday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $100.30 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 3.15 and a beta of 0.44. The firm has a 50-day moving average of $123.55 and a two-hundred day moving average of $120.29.

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 analysts’ consensus estimates of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the company posted $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. As a group, analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, November 14th. Duke Energy’s payout ratio is presently 69.27%.

Wall Street Analysts Forecast Growth

DUK has been the subject of several analyst reports. Barclays boosted their price target on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Jefferies Financial Group boosted their price target on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. BTIG Research raised shares of Duke Energy to a “strong-buy” rating in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday, October 8th. 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, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.36.

Insider Activity

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction dated 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 owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the sale, the executive vice president 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 insiders.

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.