Trust Investment Advisors Lowers Stock Position in Duke Energy Corporation $DUK

Trust Investment Advisors cut its position in shares of Duke Energy Corporation (NYSE:DUK) by 15.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,118 shares of the utilities provider’s stock after selling 2,470 shares during the quarter. Trust Investment Advisors’ holdings in Duke Energy were worth $1,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Duke Energy during the 1st quarter valued at $27,000. Wayfinding Financial LLC bought a new stake in shares of Duke Energy during the 1st quarter worth $27,000. Mascoma Wealth Management LLC boosted 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 buying an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC grew its position in Duke Energy by 360.0% during 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 period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other 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 completion of the transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was 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 directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Duke Energy Trading Up 0.1%

Shares of DUK stock opened at $127.48 on Tuesday. The stock has a market capitalization of $99.13 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 3.13 and a beta of 0.44. The company’s fifty day simple moving average is $123.83 and its two-hundred day simple moving average is $120.58. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results 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). The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on DUK. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Jefferies Financial Group upped their price objective on Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. BMO Capital Markets raised their target price on Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Morgan Stanley upped their price target on Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $138.00.

About Duke Energy

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.