Chevy Chase Trust Holdings LLC Boosts Holdings in Duke Energy Corporation $DUK

Chevy Chase Trust Holdings LLC boosted its position in Duke Energy Corporation (NYSE:DUK) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,454 shares of the utilities provider’s stock after buying an additional 4,766 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Duke Energy worth $48,788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DUK. Brighton Jones LLC grew its position in Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after buying an additional 700 shares during the last quarter. GAMMA Investing LLC grew its position in Duke Energy by 17.8% in the 1st quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock valued at $1,663,000 after buying an additional 2,061 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in Duke Energy by 17.5% in the 1st quarter. Johnson Investment Counsel Inc. now owns 52,244 shares of the utilities provider’s stock valued at $6,372,000 after buying an additional 7,765 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in Duke Energy in the 1st quarter valued at $54,000. Finally, Walter & Keenan Wealth Management LLC IN ADV grew its position in Duke Energy by 6.0% in the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 3,089 shares of the utilities provider’s stock valued at $377,000 after buying an additional 175 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday. Jefferies Financial Group raised their target price on Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a report on Wednesday. Cowen assumed coverage on Duke Energy in a report on Wednesday. They issued a “buy” rating for the company. BMO Capital Markets raised their target price on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Evercore ISI assumed coverage on Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.77.

Insider Transactions at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated Wednesday, August 20th. The stock was 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 transaction 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 Duke Energy 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 sale, the executive vice president 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 disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Duke Energy Trading Up 0.9%

NYSE:DUK opened at $128.55 on Friday. The company has a market capitalization of $99.96 billion, a PE ratio of 20.90, a price-to-earnings-growth 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. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $129.51. The stock has a fifty day simple moving average of $123.34 and a 200-day simple moving average of $120.13.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders 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 dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s payout ratio is 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.