Trust Investment Advisors Sells 2,470 Shares of Duke Energy Corporation $DUK

Trust Investment Advisors reduced its stake in Duke Energy Corporation (NYSE:DUK) by 15.8% during the second quarter, HoldingsChannel reports. The firm owned 13,118 shares of the utilities provider’s stock after selling 2,470 shares during the period. Trust Investment Advisors’ holdings in Duke Energy were worth $1,548,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pinnacle Financial Partners Inc lifted its holdings in shares of Duke Energy by 9.9% during the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock worth $14,451,000 after acquiring an additional 11,445 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its position in Duke Energy by 8.1% during the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock valued at $6,264,000 after purchasing an additional 3,837 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Duke Energy by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after purchasing an additional 93,699 shares during the last quarter. Resolution Capital Ltd boosted its holdings in shares of Duke Energy by 7.6% in the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock worth $7,318,000 after purchasing an additional 4,255 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Duke Energy by 2.2% during the 1st quarter. D.A. Davidson & CO. now owns 234,464 shares of the utilities provider’s stock valued at $28,598,000 after purchasing an additional 4,948 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the sale, the executive vice president owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 sale, 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 Trading Up 0.1%

NYSE:DUK opened at $127.48 on Tuesday. The firm has a market capitalization of $99.13 billion, a P/E ratio of 20.73, a P/E/G ratio of 3.13 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The company has a fifty day moving average of $123.83 and a 200 day moving average of $120.58. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $130.03.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (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 the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.Duke Energy’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on DUK. Mizuho upped their target price on Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday. Wells Fargo & Company began coverage on shares of Duke Energy in a research note on Monday. They issued an “overweight” rating and a $126.00 price objective for the company. TD Cowen began coverage on shares of Duke Energy in a report on Thursday, October 16th. They set a “buy” rating and a $143.00 target price on the stock. UBS Group boosted their price target on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, BMO Capital Markets raised their price objective on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Duke Energy Company 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.