First National Trust Co Decreases Stock Holdings in Duke Energy Corporation $DUK

First National Trust Co decreased its holdings in Duke Energy Corporation (NYSE:DUK) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,436 shares of the utilities provider’s stock after selling 210 shares during the quarter. First National Trust Co’s holdings in Duke Energy were worth $1,821,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after buying an additional 1,676,061 shares during the last quarter. GQG Partners LLC increased its position in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after purchasing an additional 10,192,503 shares during the last quarter. Royal Bank of Canada increased its position in shares of Duke Energy by 4.9% during the 1st quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after purchasing an additional 418,014 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 valued at $1,055,087,000 after purchasing an additional 93,699 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Duke Energy by 1.9% during the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock valued at $994,496,000 after purchasing an additional 152,542 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 1.4%

Shares of NYSE:DUK opened at $125.70 on Wednesday. The stock has a 50 day moving average of $123.87 and a 200 day moving average of $120.64. The company has a market cap of $97.74 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 3.13 and a beta of 0.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03.

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 analysts’ consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

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 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Insider Buying and Selling

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction that occurred 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 $5,768,397.72. This trade represents a 12.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DUK. Barclays upped their price target on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. TD Cowen began coverage on shares of Duke Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $143.00 price target for the company. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research report on Tuesday, July 1st. Finally, UBS Group upped their price target on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

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.