Glenmede Trust Co. NA Sells 7,880 Shares of Duke Energy Corporation $DUK

Glenmede Trust Co. NA decreased its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,132 shares of the utilities provider’s stock after selling 7,880 shares during the quarter. Glenmede Trust Co. NA’s holdings in Duke Energy were worth $9,576,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DUK. Janus Henderson Group PLC lifted its stake in shares of Duke Energy by 5,254.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock valued at $358,227,000 after purchasing an additional 2,684,721 shares during the period. Vanguard Group Inc. grew its stake in shares of Duke Energy by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock worth $9,172,709,000 after purchasing an additional 1,957,592 shares during the period. Amundi increased its holdings in Duke Energy by 56.9% in the fourth quarter. Amundi now owns 2,662,460 shares of the utilities provider’s stock valued at $312,067,000 after purchasing an additional 965,808 shares during the last quarter. Franklin Resources Inc. lifted its stake in Duke Energy by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock valued at $965,446,000 after buying an additional 954,907 shares during the period. Finally, Milford Funds Ltd. acquired a new position in shares of Duke Energy during the 4th quarter worth about $97,905,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Louis E. Renjel sold 3,500 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the completion of the transaction, the chief executive officer directly owned 21,415 shares in the company, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer directly owned 96,102 shares in the company, valued at approximately $11,952,205.74. This represents a 17.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group cut their price target on shares of Duke Energy from $137.00 to $135.00 in a research report on Monday, May 11th. Capitol Sec Mgt downgraded shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. KeyCorp upgraded shares of Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 target price on the stock in a report on Thursday, July 23rd. BTIG Research reissued a “buy” rating on shares of Duke Energy in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $136.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.62.

Duke Energy Stock Down 1.0%

Duke Energy stock opened at $124.24 on Tuesday. The company has a 50 day moving average of $125.61 and a 200-day moving average of $126.28. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45. Duke Energy Corporation has a twelve month low of $113.89 and a twelve month high of $134.49. The stock has a market capitalization of $96.86 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.76 and a beta of 0.38.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $1.76 earnings per share. On average, equities research analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be paid a $1.085 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 annualized dividend and a dividend yield of 3.5%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio (DPR) is 65.24%.

Duke Energy Company Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.