Plimoth Trust Co. LLC Has $3.99 Million Holdings in Duke Energy Corporation $DUK

Plimoth Trust Co. LLC lifted its stake in Duke Energy Corporation (NYSE:DUK) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,805 shares of the utilities provider’s stock after acquiring an additional 747 shares during the period. Plimoth Trust Co. LLC’s holdings in Duke Energy were worth $3,989,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management increased its holdings in shares of Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares during the period. Wayfinding Financial LLC acquired a new stake in Duke Energy during the first quarter worth about $27,000. N.E.W. Advisory Services LLC bought a new position in Duke Energy during the first quarter valued at about $27,000. Mascoma Wealth Management LLC raised its holdings in Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its position in shares of Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 198 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 1.7%

DUK opened at $123.58 on Monday. The firm has a market cap of $96.10 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.98 and a beta of 0.44. 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 firm’s 50-day simple moving average is $122.58 and its 200-day simple moving average is $119.61. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85.

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

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio is presently 69.27%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DUK shares. Morgan Stanley lowered their price objective on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. UBS Group reissued a “neutral” rating and issued a $127.00 price target (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Finally, BMO Capital Markets increased their price target on shares of Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.25.

Insiders Place Their Bets

In related news, 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 transaction, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. This represents a 12.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president owned 19,608 shares of the company’s stock, valued at $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 insiders.

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.