Harry Sideris Sells 20,000 Shares of Duke Energy (NYSE:DUK) Stock

Duke Energy Corporation (NYSE:DUK - Get Free Report) CEO Harry Sideris sold 20,000 shares of Duke Energy stock in a transaction on Friday, May 8th. The stock was sold at an average price of $124.37, for a total value of $2,487,400.00. Following the transaction, the chief executive officer directly owned 96,102 shares of the company's stock, valued at $11,952,205.74. This trade represents a 17.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Duke Energy Trading Up 0.5%

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Shares of DUK stock opened at $124.81 on Tuesday. The firm has a 50-day moving average price of $129.53 and a 200 day moving average price of $124.15. Duke Energy Corporation has a twelve month low of $111.22 and a twelve month high of $134.49. The company has a market capitalization of $97.30 billion, a price-to-earnings ratio of 19.11 and a beta of 0.41. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the company posted $1.76 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. Duke Energy has set its FY 2026 guidance at 6.550-6.80 EPS. Research analysts forecast that Duke Energy Corporation will post 6.7 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be paid a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy's dividend payout ratio is currently 65.24%.

Analyst Ratings Changes

A number of research firms have recently commented on DUK. Mizuho upped their price objective on shares of Duke Energy from $130.00 to $139.00 and gave the company an "outperform" rating in a research note on Wednesday, May 6th. BTIG Research reaffirmed a "buy" rating and set a $141.00 price objective on shares of Duke Energy in a research note on Friday, January 30th. The Goldman Sachs Group upped their price objective on shares of Duke Energy from $141.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. BMO Capital Markets dropped their price objective on shares of Duke Energy from $139.00 to $138.00 in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $138.00 to $139.00 and gave the company a "neutral" rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $140.53.

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Read Our Latest Stock Report on DUK

Institutional Trading of Duke Energy

A number of institutional investors have recently modified their holdings of the company. Andra AP fonden purchased a new stake in shares of Duke Energy during the 1st quarter worth about $4,098,000. Summit Asset Management LLC boosted its holdings in Duke Energy by 5.3% in the 1st quarter. Summit Asset Management LLC now owns 3,329 shares of the utilities provider's stock worth $436,000 after acquiring an additional 168 shares during the period. Glenview Trust Co boosted its holdings in Duke Energy by 3.9% in the 1st quarter. Glenview Trust Co now owns 31,016 shares of the utilities provider's stock worth $4,061,000 after acquiring an additional 1,178 shares during the period. Rice Partnership LLC boosted its holdings in Duke Energy by 9.4% in the 1st quarter. Rice Partnership LLC now owns 45,386 shares of the utilities provider's stock worth $5,943,000 after acquiring an additional 3,913 shares during the period. Finally, Alpha Zero LLC purchased a new position in Duke Energy in the 1st quarter worth approximately $282,000. Hedge funds and other institutional investors own 65.31% of the company's stock.

Key Stories Impacting Duke Energy

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke Energy submitted an application for Department of Energy loans that could deliver potentially billions of dollars in customer savings while funding grid strengthening and added capacity. Duke Energy applies for Department of Energy loans that represent potentially billions of dollars in customer savings
• Positive Sentiment: Analysts remain broadly constructive, with Evercore raising its price target to $140, suggesting upside from current levels despite some recent share-price softness. Evercore raises Duke Energy price target
• Neutral Sentiment: Duke Energy also received attention for operational and community items, including volunteer work and road closures tied to maintenance, which are unlikely to materially affect earnings. Duke Energy volunteers help Terre Haute Humane Society
• Neutral Sentiment: Jefferies trimmed its price target to $138 from $143, but the new target still implies upside and does not signal a major change in the investment case. Jefferies lowers Duke Energy price target
• Negative Sentiment: CEO Harry K. Sideris sold 20,000 shares in a disclosed transaction, which can create some near-term caution even though insider sales are not always a strong fundamental signal. SEC Form 4 filing for CEO share sale

About Duke Energy

(Get Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company's core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

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