Duke Energy (NYSE:DUK) SVP Bonnie Titone Sells 2,000 Shares of Stock

Duke Energy Corporation (NYSE:DUK) SVP Bonnie Titone sold 2,000 shares of the company’s stock in a transaction on 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 owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Duke Energy Stock Performance

NYSE:DUK opened at $124.08 on Friday. The stock has a fifty day moving average price of $119.63 and a 200-day moving average price of $118.27. The company has a market cap of $96.49 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 3.00 and a beta of 0.36. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. Duke Energy’s quarterly 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, equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, August 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio is currently 69.27%.

Institutional Trading of Duke Energy

Several hedge funds have recently made changes to their positions in DUK. Brighton Jones LLC raised its stake in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after buying an additional 700 shares during the period. XTX Topco Ltd bought a new stake in shares of Duke Energy in the fourth quarter valued at $309,000. Forum Financial Management LP bought a new stake in shares of Duke Energy in the fourth quarter valued at $222,000. Dimensional Fund Advisors LP raised its stake in shares of Duke Energy by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,891,730 shares of the utilities provider’s stock valued at $203,815,000 after buying an additional 49,150 shares during the period. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Duke Energy by 13.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,942 shares of the utilities provider’s stock valued at $2,687,000 after purchasing an additional 2,935 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on DUK shares. Morgan Stanley dropped their price objective on Duke Energy from $125.00 to $124.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. Citigroup upped their target price on Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their target price on Duke Energy from $127.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research note on Tuesday, July 1st. Finally, UBS Group reissued a “neutral” rating and issued a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.07.

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.