CNB Bank Has $349,000 Holdings in Duke Energy Corporation $DUK

CNB Bank lowered its holdings in Duke Energy Corporation (NYSE:DUK) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,961 shares of the utilities provider’s stock after selling 389 shares during the period. CNB Bank’s holdings in Duke Energy were worth $349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Reyes Financial Architecture Inc. increased its stake in Duke Energy by 4.8% during the first quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 83 shares during the last quarter. Lokken Investment Group LLC boosted its holdings in shares of Duke Energy by 3.3% in the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 84 shares during the period. Private Wealth Asset Management LLC boosted its holdings in shares of Duke Energy by 6.4% in the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock valued at $166,000 after purchasing an additional 85 shares during the period. Clear Creek Financial Management LLC boosted its holdings in shares of Duke Energy by 3.7% in the first quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock valued at $298,000 after purchasing an additional 86 shares during the period. Finally, Souders Financial Advisors lifted its holdings in Duke Energy by 0.7% during the first quarter. Souders Financial Advisors now owns 12,443 shares of the utilities provider’s stock worth $1,518,000 after buying an additional 86 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the transaction, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. This trade represents 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 Duke Energy stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $127.41 on Friday. The company has a 50-day simple moving average of $123.71 and a 200-day simple moving average of $120.44. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The stock has a market capitalization of $99.07 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.13 and a beta of 0.44.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DUK shares. UBS Group upped their price target on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Cowen assumed coverage on shares of Duke Energy in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the company a “sector outperform” rating in a report on Friday, October 3rd. Finally, Jefferies Financial Group increased their price objective on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $138.36.

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.