UMB Bank n.a. Has $22.11 Million Stock Position in Duke Energy Corporation $DUK

UMB Bank n.a. lowered its stake in Duke Energy Corporation (NYSE:DUK) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 187,331 shares of the utilities provider’s stock after selling 2,267 shares during the quarter. UMB Bank n.a.’s holdings in Duke Energy were worth $22,105,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DUK. Brighton Jones LLC lifted its stake in shares of Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after purchasing an additional 700 shares during the period. Vident Advisory LLC raised its stake in Duke Energy by 8.9% during the 4th quarter. Vident Advisory LLC now owns 15,217 shares of the utilities provider’s stock worth $1,640,000 after buying an additional 1,247 shares during the period. Woodline Partners LP acquired a new stake in Duke Energy during the 4th quarter worth $4,998,000. Voloridge Investment Management LLC acquired a new stake in Duke Energy during the 4th quarter worth $2,836,000. Finally, Novem Group acquired a new stake in Duke Energy during the 4th quarter worth $300,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy 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 completion of the transaction, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy 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 owned 46,422 shares of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group reaffirmed a “neutral” rating and set a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Scotiabank raised their price objective on Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research note on Tuesday, July 1st. Barclays lifted their price target on Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley reissued an “outperform” rating on shares of Duke Energy in a research note on Thursday, August 21st. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $130.62.

Duke Energy Price Performance

Shares of NYSE DUK opened at $121.08 on Friday. The stock has a market capitalization of $94.15 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.90 and a beta of 0.39. The business has a 50-day moving average of $121.79 and a 200-day moving average of $119.28. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. 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). The company had revenue of $7.51 billion during 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%. Duke Energy’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, sell-side analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were issued a dividend of $1.065 per share. The ex-dividend date was Friday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. Duke Energy’s dividend payout ratio is 69.27%.

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.