Members Trust Co Boosts Stock Position in Duke Energy Corporation $DUK

Members Trust Co grew its position in shares of Duke Energy Corporation (NYSE:DUK) by 17.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,485 shares of the utilities provider’s stock after purchasing an additional 825 shares during the quarter. Members Trust Co’s holdings in Duke Energy were worth $647,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Reyes Financial Architecture Inc. grew its holdings in shares of Duke Energy by 4.8% during the first quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 83 shares during the last quarter. Lokken Investment Group LLC grew its holdings in shares of Duke Energy by 3.3% during the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 84 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in shares of Duke Energy by 0.3% during the first quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock worth $3,356,000 after purchasing an additional 85 shares during the last quarter. Private Wealth Asset Management LLC grew its holdings in shares of Duke Energy by 6.4% during the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 85 shares during the last quarter. Finally, Clear Creek Financial Management LLC grew its holdings in shares of Duke Energy by 3.7% during the first quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

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 sale, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction that occurred 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 sale, the executive vice president owned 46,422 shares of the company’s stock, valued at approximately $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. 0.14% of the stock is currently owned by insiders.

Duke Energy Price Performance

Shares of DUK opened at $128.25 on Wednesday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $129.51. The stock’s 50 day moving average is $123.48 and its two-hundred day moving average is $120.23. The firm has a market capitalization of $99.73 billion, a PE ratio of 20.85, a P/E/G ratio of 3.17 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 quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share 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 business had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the prior year, the firm posted $1.18 EPS. Duke Energy’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 anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s payout ratio is currently 69.27%.

Analyst Ratings Changes

DUK has been the topic of several research reports. Jefferies Financial Group raised their price objective on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Morgan Stanley decreased their target price on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Evercore ISI assumed coverage on shares of Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 target price for the company. Cowen assumed coverage on shares of Duke Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Finally, UBS Group increased their target price on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.71.

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.