Cidel Asset Management Inc. Sells 148 Shares of Duke Energy Corporation $DUK

Cidel Asset Management Inc. lessened its position in Duke Energy Corporation (NYSE:DUK) by 2.4% in the 2nd quarter, Holdings Channel reports. The firm owned 6,048 shares of the utilities provider’s stock after selling 148 shares during the period. Cidel Asset Management Inc.’s holdings in Duke Energy were worth $714,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management increased its stake in 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 purchasing an additional 105 shares in the last quarter. Wayfinding Financial LLC bought a new stake in Duke Energy in the first quarter valued at approximately $27,000. N.E.W. Advisory Services LLC bought a new stake in Duke Energy in the first quarter valued at approximately $27,000. Mascoma Wealth Management LLC increased its stake in Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC increased its stake in Duke Energy by 360.0% in the first 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. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the subject of several research analyst reports. Cowen initiated coverage on shares of Duke Energy in a report on Wednesday. They issued a “buy” rating for the company. Barclays upped their price target on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. UBS Group upped their price target on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a report on Friday, October 10th. 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. Finally, Evercore ISI initiated coverage on shares of Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target for the company. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.77.

Duke Energy Stock Performance

Shares of DUK opened at $128.55 on Monday. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $129.51. The firm has a fifty day simple moving average of $123.34 and a 200 day simple moving average of $120.10. The stock has a market capitalization of $99.96 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 3.16 and a beta of 0.44. 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 (NYSE:DUK) last announced 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). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the company posted $1.18 EPS. The business’s revenue for the quarter 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. Research analysts forecast that Duke Energy Corporation will post 6.33 EPS 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. Shareholders of record on Friday, November 14th will be paid a $1.065 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Insiders Place Their Bets

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the sale, the senior vice president owned 19,608 shares in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of 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.

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.