Duke Energy Corporation (NYSE:DUK) Declares Quarterly Dividend of $1.07

Duke Energy Corporation (NYSE:DUK) declared a quarterly dividend on Tuesday, January 6th. Investors of record on Friday, February 13th will be given a dividend of 1.065 per share by the utilities provider on Monday, March 16th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, February 13th.

Duke Energy has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 20 consecutive years. Duke Energy has a dividend payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Duke Energy to earn $6.73 per share next year, which means the company should continue to be able to cover its $4.26 annual dividend with an expected future payout ratio of 63.3%.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $117.75 on Wednesday. The company has a market cap of $91.57 billion, a P/E ratio of 18.51, a P/E/G ratio of 2.54 and a beta of 0.50. Duke Energy has a 52-week low of $105.20 and a 52-week high of $130.03. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63. The firm’s fifty day moving average is $119.98 and its two-hundred day moving average is $121.37.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.51 billion. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 earnings per share. As a group, analysts anticipate that Duke Energy will post 6.33 EPS for the current fiscal year.

Insider Activity at Duke Energy

In related news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the transaction, the executive vice president directly owned 11,367 shares in the company, valued at approximately $1,407,234.60. This represents a 41.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Simon Quick Advisors LLC raised its holdings in shares of Duke Energy by 42.2% in the second quarter. Simon Quick Advisors LLC now owns 7,444 shares of the utilities provider’s stock valued at $878,000 after acquiring an additional 2,210 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Duke Energy by 37.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 41,642 shares of the utilities provider’s stock worth $5,153,000 after acquiring an additional 11,409 shares in the last quarter. Westbourne Investments Inc. purchased a new position in Duke Energy during the 2nd quarter valued at about $282,000. Greystone Financial Group LLC lifted its position in shares of Duke Energy by 12.7% in the 3rd quarter. Greystone Financial Group LLC now owns 93,766 shares of the utilities provider’s stock worth $11,604,000 after purchasing an additional 10,580 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in shares of Duke Energy by 42.8% during the third quarter. Vontobel Holding Ltd. now owns 59,658 shares of the utilities provider’s stock valued at $7,383,000 after purchasing an additional 17,873 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

About Duke Energy

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.