AMG National Trust Bank Acquires 3,789 Shares of Duke Energy Corporation $DUK

AMG National Trust Bank raised its holdings in Duke Energy Corporation (NYSE:DUK) by 20.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 22,239 shares of the utilities provider’s stock after buying an additional 3,789 shares during the period. AMG National Trust Bank’s holdings in Duke Energy were worth $2,624,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Earned Wealth Advisors LLC grew its position in Duke Energy by 9.3% in the 2nd quarter. Earned Wealth Advisors LLC now owns 1,878 shares of the utilities provider’s stock valued at $222,000 after acquiring an additional 160 shares during the last quarter. IFG Advisory LLC grew its position in Duke Energy by 4.1% in the 2nd quarter. IFG Advisory LLC now owns 37,659 shares of the utilities provider’s stock valued at $4,444,000 after acquiring an additional 1,495 shares during the last quarter. Simon Quick Advisors LLC grew its position in Duke Energy by 42.2% in the 2nd quarter. Simon Quick Advisors LLC now owns 7,444 shares of the utilities provider’s stock valued at $878,000 after acquiring an additional 2,210 shares during the last quarter. Strs Ohio grew its position in Duke Energy by 7.9% in the 2nd quarter. Strs Ohio now owns 248,011 shares of the utilities provider’s stock valued at $29,265,000 after acquiring an additional 18,203 shares during the last quarter. Finally, Heritage Investors Management Corp grew its position in Duke Energy by 1.7% in the 2nd quarter. Heritage Investors Management Corp now owns 7,795 shares of the utilities provider’s stock valued at $920,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the 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 completion of the sale, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DUK shares. UBS Group increased their price target on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. BMO Capital Markets increased their price target on Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. raised their price objective on Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Scotiabank set a $137.00 price objective on Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. Finally, TD Cowen started coverage on Duke Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $143.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Duke Energy Trading Down 0.6%

Duke Energy stock opened at $124.49 on Friday. The stock has a 50-day moving average of $123.89 and a two-hundred day moving average of $120.74. 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 one year low of $105.20 and a one year high of $130.03. The stock has a market cap of $96.81 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.44.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 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 business had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the business posted $1.18 earnings per share. The company’s quarterly 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. On average, research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm 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 3.4%. Duke Energy’s dividend payout ratio (DPR) 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.