Duke Energy Corporation (NYSE:DUK – Get Free Report) EVP Bonnie Titone sold 2,900 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $128.00, for a total transaction of $371,200.00. Following the transaction, the executive vice president owned 26,111 shares in the company, valued at approximately $3,342,208. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Duke Energy Trading Down 1.5%
Shares of DUK stock opened at $126.40 on Wednesday. Duke Energy Corporation has a 52-week low of $112.40 and a 52-week high of $134.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The company has a 50-day simple moving average of $119.37 and a two-hundred day simple moving average of $124.36. The company has a market capitalization of $98.56 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.99 and a beta of 0.33.
Duke Energy (NYSE:DUK – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The firm had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.
Duke Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be issued a $1.0850 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $4.34 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio is currently 65.17%.
Key Duke Energy News
Here are the key news stories impacting Duke Energy this week:
- Neutral Sentiment: The Florida Public Service Commission approved lower electricity rates for Duke Energy Florida customers in 2027. Lower bills may benefit customers, but the reports do not explain whether the change will affect Duke’s earnings or simply adjust costs passed through to customers. Article: Duke Energy Florida customers to see lower rates in 2027
- Neutral Sentiment: Executive Vice President Bonnie Titone sold 2,900 shares for about $371,200 under a pre-arranged Rule 10b5-1 plan. The planned sale is a limited signal; she retained 26,111 shares. Article: Duke Energy insider transaction
- Negative Sentiment: Duke Energy refunded a Largo, Florida, customer after she was billed for a different home for nearly five years. The reported case may raise customer-service concerns, though no refund amount or broader financial impact was given. Article: Duke Energy refunds Largo woman after nearly 5 years of wrong bills
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. BTIG Research reiterated a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. Wall Street Zen upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Mizuho set a $136.00 price objective on Duke Energy in a research note on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a $121.00 target price on shares of Duke Energy in a research report on Monday, October 12th. Finally, Barclays lowered their target price on Duke Energy from $132.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.19.
Check Out Our Latest Report on Duke Energy
Hedge Funds Weigh In On Duke Energy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Merit Financial Group LLC lifted its position in Duke Energy by 15.7% during the second quarter. Merit Financial Group LLC now owns 70,388 shares of the utilities provider’s stock valued at $8,910,000 after purchasing an additional 9,562 shares during the last quarter. Sarasin & Partners LLP increased its holdings in shares of Duke Energy by 15.3% in the 2nd quarter. Sarasin & Partners LLP now owns 1,283,213 shares of the utilities provider’s stock worth $162,429,000 after buying an additional 170,700 shares during the last quarter. Nykredit A S bought a new position in shares of Duke Energy in the 2nd quarter worth $17,106,000. V. M. Manning & CO. Inc. bought a new position in shares of Duke Energy in the 2nd quarter worth $2,432,000. Finally, Cohen Klingenstein LLC purchased a new stake in shares of Duke Energy during the 2nd quarter valued at $2,051,000. Institutional investors own 65.31% of the company’s stock.
About Duke Energy
Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.
Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.
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