Key Points
- Duke Energy CEO Louis Renjel sold 3,500 shares on May 11 at an average price of $125.15, for proceeds of $438,025. After the sale, he still owned 21,415 shares, a 14.05% reduction in his stake.
- The company reported stronger-than-expected quarterly results, with EPS of $1.93 versus the $1.87 consensus and revenue of $9.18 billion versus $8.44 billion expected. Revenue rose 11.3% year over year, and Duke reaffirmed FY 2026 guidance of 6.55 to 6.80 EPS.
- Duke Energy announced a quarterly dividend of $1.065 per share, payable June 16 to shareholders of record on May 15. That works out to an annualized dividend of $4.26 and a yield of about 3.4%.
Duke Energy Corporation (NYSE:DUK - Get Free Report) CEO Louis Renjel sold 3,500 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the transaction, the chief executive officer owned 21,415 shares in the company, valued at approximately $2,680,087.25. The trade was a 14.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Duke Energy Stock Up 0.2%
Shares of Duke Energy stock opened at $125.11 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. Duke Energy Corporation has a 1 year low of $111.22 and a 1 year high of $134.49. The firm's 50-day moving average is $129.42 and its two-hundred day moving average is $124.13. The stock has a market cap of $97.53 billion, a price-to-earnings ratio of 19.16 and a beta of 0.41.
Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.18 billion for the quarter, compared to analysts' expectations of $8.44 billion. During the same period in the prior year, the business earned $1.76 EPS. The firm's quarterly revenue was up 11.3% on a year-over-year basis. Duke Energy has set its FY 2026 guidance at 6.550-6.80 EPS. As a group, research analysts expect that Duke Energy Corporation will post 6.7 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, May 15th. Duke Energy's dividend payout ratio is presently 65.24%.
Wall Street Analyst Weigh In
DUK has been the topic of several recent research reports. Barclays increased their target price on shares of Duke Energy from $127.00 to $143.00 and gave the stock an "overweight" rating in a report on Tuesday, April 7th. The Goldman Sachs Group increased their price target on shares of Duke Energy from $141.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, February 11th. Capitol Sec Mgt lowered shares of Duke Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Duke Energy in a research report on Monday, May 4th. Finally, Morgan Stanley decreased their price target on shares of Duke Energy from $142.00 to $141.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Duke Energy currently has a consensus rating of "Moderate Buy" and an average price target of $140.20.
Read Our Latest Stock Analysis on DUK
Key Duke Energy News
Here are the key news stories impacting Duke Energy this week:
Institutional Trading of Duke Energy
Several hedge funds have recently modified their holdings of the company. Basso Capital Management L.P. purchased a new position in shares of Duke Energy in the 4th quarter valued at approximately $25,000. Dorato Capital Management purchased a new position in shares of Duke Energy in the 4th quarter valued at approximately $26,000. Evolution Wealth Management Inc. raised its position in shares of Duke Energy by 1,111.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Duke Energy in the 3rd quarter valued at approximately $27,000. Finally, Triumph Capital Management raised its position in shares of Duke Energy by 68.6% in the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.
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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