Kennebec Savings Bank Has $267,000 Stock Position in Duke Energy Corporation $DUK

Kennebec Savings Bank trimmed its position in Duke Energy Corporation (NYSE:DUK) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,260 shares of the utilities provider’s stock after selling 125 shares during the quarter. Kennebec Savings Bank’s holdings in Duke Energy were worth $267,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. EWA LLC grew its position in shares of Duke Energy by 13.7% during the 2nd quarter. EWA LLC now owns 2,121 shares of the utilities provider’s stock worth $250,000 after buying an additional 255 shares during the period. Pure Financial Advisors LLC grew its position in shares of Duke Energy by 989.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 33,088 shares of the utilities provider’s stock worth $3,904,000 after buying an additional 30,051 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Duke Energy by 116.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 276,070 shares of the utilities provider’s stock worth $32,576,000 after buying an additional 148,472 shares during the period. Clarity Financial LLC grew its position in shares of Duke Energy by 1.9% during the 2nd quarter. Clarity Financial LLC now owns 168,368 shares of the utilities provider’s stock worth $19,867,000 after buying an additional 3,181 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Duke Energy during the 2nd quarter worth about $1,216,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the business’s 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 sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DUK. Barclays boosted their target price on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Morgan Stanley decreased their target price on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Raymond James Financial started coverage on Duke Energy in a research report on Friday, June 13th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Finally, Scotiabank boosted their price objective on Duke Energy from $120.00 to $128.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 6th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

Duke Energy Trading Down 1.1%

NYSE DUK opened at $122.42 on Thursday. The stock has a market capitalization of $95.19 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.99 and a beta of 0.44. The stock’s 50 day moving average price is $122.47 and its two-hundred day moving average price is $119.59. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS 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 the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.5%. 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 (DPR) is presently 69.27%.

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.