Duke Energy Corporation $DUK Shares Bought by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp increased its stake in Duke Energy Corporation (NYSE:DUK) by 15.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 38,260 shares of the utilities provider’s stock after buying an additional 5,128 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Duke Energy were worth $4,515,000 at the end of the most recent reporting period.

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

Duke Energy Price Performance

NYSE DUK opened at $124.05 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03. The company has a market cap of $96.46 billion, a PE ratio of 20.17, a PEG ratio of 3.05 and a beta of 0.45. The stock’s 50-day moving average price is $123.95 and its two-hundred day moving average price is $120.82.

Duke Energy (NYSE:DUK) last released its 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 firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.18 earnings per share. On average, analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s payout ratio is 69.27%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Evercore ISI began coverage on Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Cowen began coverage on shares of Duke Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Scotiabank set a $137.00 target price on shares of Duke Energy and gave the company a “sector outperform” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Insiders Place Their Bets

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated 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 directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is owned by corporate insiders.

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.