TIAA Trust National Association Has $18.80 Million Stock Position in Duke Energy Corporation $DUK

TIAA Trust National Association lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 2.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,356 shares of the utilities provider’s stock after buying an additional 4,548 shares during the period. TIAA Trust National Association’s holdings in Duke Energy were worth $18,804,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DUK. Activest Wealth Management grew its position in Duke Energy by 98.1% during the 1st 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. Wayfinding Financial LLC bought a new stake in Duke Energy during the 1st quarter worth $27,000. N.E.W. Advisory Services LLC bought a new stake in Duke Energy during the 1st quarter worth $27,000. Mascoma Wealth Management LLC grew its position in Duke Energy by 53.7% during the 2nd 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 grew its position in Duke Energy by 360.0% during the 1st 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. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s 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 of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.14% of the stock is owned by insiders.

Duke Energy Trading Down 0.6%

NYSE DUK opened at $124.49 on Monday. The firm has a market capitalization of $96.81 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The business’s 50-day moving average price is $123.89 and its two-hundred day moving average price is $120.74. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

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 paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s payout ratio is currently 69.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DUK. Mizuho boosted their price objective on Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. TD Cowen started coverage on Duke Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $143.00 price target on the stock. BTIG Research upgraded Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Scotiabank set a $137.00 price target on Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley upped their price target on Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.00.

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.