DekaBank Deutsche Girozentrale Has $24.37 Million Stock Holdings in Duke Energy Corporation $DUK

DekaBank Deutsche Girozentrale raised its holdings in Duke Energy Corporation (NYSE:DUK) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,291 shares of the utilities provider’s stock after purchasing an additional 429 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Duke Energy were worth $24,373,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Activest Wealth Management boosted its holdings in shares of Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 105 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Duke Energy during the 1st quarter valued at $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy during the 1st quarter valued at $27,000. Mascoma Wealth Management LLC boosted its holdings in shares of Duke Energy by 53.7% during the 2nd 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 in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its holdings in shares of Duke Energy by 360.0% during the 1st 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 in the last quarter. 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 the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares of the company’s stock, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DUK shares. TD Cowen started coverage on Duke Energy in a report on Thursday, October 16th. They set a “buy” rating and a $143.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. Morgan Stanley raised their target price on Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank set a $137.00 target price on Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. Finally, Cowen started coverage on Duke Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.36.

Duke Energy Stock Performance

DUK stock opened at $128.98 on Thursday. The stock has a 50-day moving average price of $123.55 and a 200-day moving average price of $120.29. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03. 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 firm has a market cap of $100.30 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 3.15 and a beta of 0.44.

Duke Energy (NYSE:DUK) last posted 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 business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the business posted $1.18 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s payout ratio is presently 69.27%.

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.