Duke Energy Corporation $DUK Stock: First Citizens Bank & Trust Co. Trims Position

First Citizens Bank & Trust Co. reduced its stake in shares of Duke Energy Corporation (NYSE:DUK) by 16.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,815 shares of the utilities provider’s stock after selling 27,733 shares during the period. First Citizens Bank & Trust Co.’s holdings in Duke Energy were worth $16,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Basso Capital Management L.P. acquired a new position in Duke Energy during the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC grew its stake in shares of Duke Energy by 154.6% during the 1st quarter. IAG Wealth Partners LLC now owns 275 shares of the utilities provider’s stock valued at $36,000 after buying an additional 167 shares during the period. Evergreen Advisors LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth $36,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth $38,000. Finally, Millstone Evans Group LLC raised its position in shares of Duke Energy by 53.1% in the 1st quarter. Millstone Evans Group LLC now owns 297 shares of the utilities provider’s stock worth $39,000 after buying an additional 103 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Price Performance

DUK stock opened at $118.23 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. Duke Energy Corporation has a 1 year low of $112.40 and a 1 year high of $134.49. The firm has a market cap of $92.19 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 2.75 and a beta of 0.36. The stock has a 50-day simple moving average of $119.19 and a 200-day simple moving average of $123.95.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. The business had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $1.25 EPS. On average, equities analysts predict that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be given a dividend of $1.0850 per share. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, November 13th. Duke Energy’s dividend payout ratio is presently 65.17%.

Analyst Ratings Changes

A number of research firms have recently commented on DUK. BMO Capital Markets cut their price objective on Duke Energy from $134.00 to $132.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. JPMorgan Chase & Co. cut their price target on shares of Duke Energy from $137.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $121.00 price target on shares of Duke Energy in a research report on Monday. BTIG Research reiterated a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research report on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.38.

More Duke Energy News

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Analysts tracked by American Banking News assign Duke Energy an average price target of $133.38, implying meaningful potential appreciation from recent trading levels. Duke Energy Corporation Stock Has Average Price Target of $133.38
• Positive Sentiment: FERC approved Duke Energy’s proposed rules for serving large electricity loads. The decision could help the utility manage demand from data centers and other major customers, though concerns remain about how costs will be allocated. FERC Approves Duke Large Load Transmission Rules
• Positive Sentiment: Duke Energy Florida introduced a program offering EV customers a $7.50 monthly credit for charging during off-peak periods. The initiative could improve load management and support electricity demand growth, although the direct financial impact is likely modest. Duke Energy Florida EV Charging Credit Program
• Positive Sentiment: Recent storm-response coverage highlighted restoration for roughly 10,000 customers and Duke’s planned $103 billion grid-investment program, reinforcing the company’s reliability and infrastructure-growth narrative. Duke Energy Grid Investments and Storm Resilience
• Neutral Sentiment: Duke Energy Foundation grants for South Carolina and Upstate communities enhance its local reputation but are unlikely to materially affect earnings. Duke Energy Foundation South Carolina Grants
• Negative Sentiment: KeyBanc lowered its price target from $139 to $128, and JPMorgan cut its target from $137 to $130 while maintaining a neutral rating. The revisions signal more limited near-term upside, despite both targets remaining above the current share price.
• Negative Sentiment: Reports that North Carolina customers blamed Duke for appliance damage after a power surge could create reputational and potential claims-related risk, although the financial exposure is not yet clear. North Carolina Power Surge Claims

Duke Energy Company Profile

Duke Energy Corporation (NYSE: DUK) is an energy holding company that operates regulated electric and natural gas utilities in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers.

The company serves customers across the Carolinas, Florida, Indiana, Ohio and Kentucky. Duke Energy also operates natural gas utilities and related infrastructure in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.