Duke Energy Corporation $DUK Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp cut its position in Duke Energy Corporation (NYSE:DUK) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,883 shares of the utilities provider’s stock after selling 222 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Duke Energy were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management boosted its stake in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy in the first quarter worth approximately $27,000. Wayfinding Financial LLC acquired a new stake in shares of Duke Energy in the first quarter worth approximately $27,000. Mascoma Wealth Management LLC boosted its stake in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its stake in shares of Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 198 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of the business’s 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 sale, the senior vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the 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 transaction, the executive vice president directly 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 is available in the SEC filing. 0.14% of the stock is currently owned by insiders.

Duke Energy Stock Up 0.7%

Shares of DUK opened at $125.11 on Friday. The firm has a market cap of $97.28 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 3.05 and a beta of 0.44. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03. The company’s 50-day moving average price is $123.89 and its 200 day moving average price is $120.71. 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 (NYSE:DUK) last issued 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). The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. 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. On average, sell-side analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s payout ratio is 69.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BTIG Research raised Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company raised Duke Energy to a “hold” rating in a research note on Tuesday. Mizuho boosted their price objective on Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday. Cowen assumed coverage on Duke Energy in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $138.00.

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.