5,955 Shares in Duke Energy Corporation $DUK Bought by Passumpsic Savings Bank

Passumpsic Savings Bank acquired a new position in shares of Duke Energy Corporation (NYSE:DUK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,955 shares of the utilities provider’s stock, valued at approximately $698,000.

Other large investors have also modified their holdings of the company. Applied Finance Capital Management LLC bought a new stake in shares of Duke Energy during the third quarter worth about $1,046,000. Lockheed Martin Investment Management Co. boosted its stake in Duke Energy by 11.3% during the 3rd quarter. Lockheed Martin Investment Management Co. now owns 274,630 shares of the utilities provider’s stock valued at $33,985,000 after purchasing an additional 27,820 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Duke Energy by 9.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 150,426 shares of the utilities provider’s stock worth $18,615,000 after purchasing an additional 12,677 shares in the last quarter. AE Wealth Management LLC increased its holdings in Duke Energy by 51.9% during the 3rd quarter. AE Wealth Management LLC now owns 49,068 shares of the utilities provider’s stock worth $6,072,000 after purchasing an additional 16,772 shares in the last quarter. Finally, Keybank National Association OH raised its stake in shares of Duke Energy by 13.4% in the third quarter. Keybank National Association OH now owns 371,248 shares of the utilities provider’s stock worth $45,942,000 after purchasing an additional 43,925 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

NYSE DUK opened at $120.98 on Monday. The company’s 50 day moving average is $128.90 and its 200-day moving average is $124.03. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45. The firm has a market cap of $94.31 billion, a P/E ratio of 18.53 and a beta of 0.41. Duke Energy Corporation has a 12-month low of $113.39 and a 12-month high of $134.49.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. Duke Energy’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 EPS. Sell-side analysts predict that Duke Energy Corporation will post 6.7 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Friday, May 15th will be issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 15th. Duke Energy’s dividend payout ratio is 65.24%.

Insider Buying and Selling

In related news, CEO Harry K. Sideris sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the sale, the chief executive officer owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. This represents a 17.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Regis T. Repko sold 962 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the sale, the senior vice president directly owned 3,896 shares in the company, valued at $498,142.56. This trade represents a 19.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 24,462 shares of company stock valued at $3,048,426. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

DUK has been the topic of several analyst reports. Truist Financial began coverage on Duke Energy in a research report on Monday, April 20th. They set a “buy” rating and a $142.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research report on Monday, May 4th. Barclays lifted their price objective on shares of Duke Energy from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Royal Bank Of Canada reduced their target price on shares of Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, January 23rd. Finally, BTIG Research reiterated a “buy” rating and issued a $141.00 target price on shares of Duke Energy in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $140.00.

Duke Energy News Summary

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

• Positive Sentiment: Duke Energy held a groundbreaking ceremony for its Cayuga Energy Complex, signaling continued investment in its generation and infrastructure buildout, which can support future regulated-rate growth. Duke Energy holds a groundbreaking ceremony for their Cayuga Energy Complex
• Positive Sentiment: The company reported that no toxic algae was found at the Lake Norman site after an earlier state finding, which may reduce environmental and reputational concerns. Duke Energy: No toxic algae found at Lake Norman site where state said it was
• Neutral Sentiment: DUK remains a heavily watched stock, with investor attention likely reflecting interest in its defensive utility profile and upcoming rate/regulatory developments. Duke Energy Corporation (DUK) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Reports that Duke Energy’s North Carolina rate-increase hearing was postponed could delay a key catalyst for earnings and cash-flow improvement, but the impact is still uncertain. Duke Energy rate-increase hearing postponed over missed scheduling deadline
• Neutral Sentiment: The company’s claims that a merger will save customers $2.3 billion and news about combining its two North Carolina utilities may help long-term efficiency, but investors are likely waiting to see regulatory details. Duke Energy claims merger to save customers $2.3 billion, double initial estimate
• Negative Sentiment: Questions around North Carolina policy and legal issues tied to Duke Energy’s solar plans could add uncertainty to future capital spending and regulatory approval. Shunning the sunshine? NC order for Duke Energy to hit brakes on solar raises policy, legal questions

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.