Duke Energy Corporation $DUK Stake Cut by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH cut its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 34,591 shares of the utilities provider’s stock after selling 362 shares during the period. Trust Co. of Toledo NA OH’s holdings in Duke Energy were worth $4,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Activest Wealth Management lifted its holdings in Duke Energy by 98.1% in the first 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 shares of Duke Energy in the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy in the 1st quarter worth approximately $27,000. Mascoma Wealth Management LLC lifted its holdings in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its stake in 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 buying an additional 198 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DUK has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday. Jefferies Financial Group downgraded Duke Energy from a “buy” rating to a “hold” rating and cut their target price for the company from $141.00 to $134.00 in a research note on Friday, September 26th. Barclays lifted their price objective on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. BMO Capital Markets boosted their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, UBS Group boosted their target price on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $134.08.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the sale, 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 hyperlink. Also, SVP Bonnie B. 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 transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Duke Energy Price Performance

NYSE DUK opened at $126.88 on Friday. The business’s fifty day moving average is $123.06 and its two-hundred day moving average is $119.85. The stock has a market capitalization of $98.66 billion, a P/E ratio of 20.63, a P/E/G ratio of 3.01 and a beta of 0.44. 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 1 year low of $105.20 and a 1 year high of $127.85.

Duke Energy (NYSE:DUK) last announced its earnings results 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 company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last 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, research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a dividend of $1.065 per share. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is presently 69.27%.

Duke Energy Company 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.