Charles Schwab Trust Co Has $536,000 Stock Position in Duke Energy Corporation $DUK

Charles Schwab Trust Co lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 41.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,540 shares of the utilities provider’s stock after buying an additional 1,333 shares during the quarter. Charles Schwab Trust Co’s holdings in Duke Energy were worth $536,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DUK. Vanguard Group Inc. lifted its holdings in shares of Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after acquiring an additional 1,676,061 shares during the last quarter. GQG Partners LLC raised its stake in Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after purchasing an additional 10,192,503 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Duke Energy by 4.9% during the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after purchasing an additional 418,014 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 valued at $1,055,087,000 after acquiring an additional 93,699 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Duke Energy by 1.9% during the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock valued at $994,496,000 after acquiring an additional 152,542 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the transaction, the senior vice president directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $122.99 on Friday. The firm has a market capitalization of $95.64 billion, a PE ratio of 20.00, a P/E/G ratio of 2.97 and a beta of 0.39. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85. The company has a 50-day moving average price of $122.29 and a two-hundred day moving average price of $119.52. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.

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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the business earned $1.18 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were given a $1.065 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Duke Energy’s payout ratio is currently 69.27%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group reiterated a “neutral” rating and issued a $127.00 target price (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 target on Duke Energy in a research note on Tuesday, July 1st. Jefferies Financial Group downgraded Duke Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $141.00 to $134.00 in a research note on Friday. Morgan Stanley dropped their price target on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, BMO Capital Markets upped their price target on shares of Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.00.

About Duke Energy

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.