Duke Energy Corporation $DUK Shares Purchased by Global Trust Asset Management LLC

Global Trust Asset Management LLC increased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 162.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807 shares of the utilities provider’s stock after acquiring an additional 500 shares during the quarter. Global Trust Asset Management LLC’s holdings in Duke Energy were worth $95,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DUK. Smith Salley Wealth Management increased its stake in Duke Energy by 4.7% in the second quarter. Smith Salley Wealth Management now owns 54,212 shares of the utilities provider’s stock valued at $6,397,000 after purchasing an additional 2,455 shares during the period. Wagner Wealth Management LLC increased its stake in Duke Energy by 3.6% in the second quarter. Wagner Wealth Management LLC now owns 15,531 shares of the utilities provider’s stock valued at $1,833,000 after purchasing an additional 546 shares during the period. Grandview Asset Management LLC increased its stake in Duke Energy by 0.7% in the second quarter. Grandview Asset Management LLC now owns 14,227 shares of the utilities provider’s stock valued at $1,679,000 after purchasing an additional 92 shares during the period. Patton Albertson Miller Group LLC increased its stake in Duke Energy by 20.7% in the second quarter. Patton Albertson Miller Group LLC now owns 4,820 shares of the utilities provider’s stock valued at $569,000 after purchasing an additional 825 shares during the period. Finally, Sonora Investment Management Group LLC increased its stake in Duke Energy by 6.8% in the second quarter. Sonora Investment Management Group LLC now owns 5,622 shares of the utilities provider’s stock valued at $663,000 after purchasing an additional 356 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’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 sale, the senior vice president owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the sale, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DUK has been the topic of a number of recent research reports. BMO Capital Markets boosted their target price on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Raymond James Financial initiated coverage on Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. Scotiabank boosted their target price on Duke Energy from $120.00 to $128.00 and gave the company a “sector perform” rating in a report on Wednesday, August 6th. Finally, Morgan Stanley lowered their target price on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

Duke Energy Stock Down 0.3%

DUK stock opened at $122.71 on Tuesday. The company has a market cap of $95.42 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.97 and a beta of 0.39. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85. The company’s 50-day moving average price is $122.35 and its 200 day moving average price is $119.54. The company has a current ratio of 0.66, a quick ratio of 0.42 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 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 analysts’ expectations of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were issued a dividend of $1.065 per share. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Duke Energy’s payout ratio 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.