OLD Point Trust & Financial Services N A Has $222,000 Stake in Duke Energy Corporation $DUK

OLD Point Trust & Financial Services N A decreased its holdings in Duke Energy Corporation (NYSE:DUK) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,880 shares of the utilities provider’s stock after selling 150 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Duke Energy were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DUK. Activest Wealth Management boosted its position in Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy in the first quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new stake in shares of Duke Energy in the first quarter valued at approximately $27,000. Mascoma Wealth Management LLC boosted its position 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 valued at $29,000 after acquiring an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC boosted its position 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 valued at $31,000 after acquiring an additional 198 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

Duke Energy stock opened at $128.98 on Thursday. The business’s 50-day simple moving average is $123.55 and its 200 day simple moving average is $120.29. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03. The stock has a market cap of $100.30 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 3.15 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last released 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 firm had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the business earned $1.18 EPS. The firm’s 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, research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, November 14th. Duke Energy’s payout ratio is 69.27%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DUK. Cowen began coverage on Duke Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Evercore ISI initiated coverage on Duke Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. BMO Capital Markets increased their price objective on Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Barclays increased their target price on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and an average price target of $138.36.

Insider Activity

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the sale, the executive vice president owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Duke Energy 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.