Key Points
- Duke Energy EVP Bonnie Titone sold 2,900 shares for $371,200 at $128 per share under a pre-arranged Rule 10b5-1 plan, reducing her stake by 10% to 26,111 shares.
- The company reported quarterly EPS of $1.43, topping estimates of $1.30, while revenue of $7.59 billion came in below expectations.
- Duke announced a quarterly dividend of $1.085 per share, equivalent to an annualized yield of about 3.4%; analysts’ consensus rating is “Moderate Buy,” with an average price target of $132.19.
Duke Energy Corporation (NYSE:DUK - Get Free Report) EVP Bonnie Titone sold 2,900 shares of Duke Energy stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $128.00, for a total value of $371,200.00. Following the sale, the executive vice president directly owned 26,111 shares of the company's stock, valued at approximately $3,342,208. This trade represents a 10.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Duke Energy Price Performance
DUK opened at $126.40 on Wednesday. The stock has a 50-day moving average price of $119.37 and a 200-day moving average price of $124.36. Duke Energy Corporation has a 12-month low of $112.40 and a 12-month high of $134.49. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $98.56 billion, a P/E ratio of 19.25, a PEG ratio of 2.99 and a beta of 0.33.
Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.13. The company had revenue of $7.59 billion for the quarter, compared to analysts' expectations of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. Duke Energy's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS. Equities analysts predict that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Friday, November 13th will be paid a $1.0850 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $4.34 annualized dividend and a yield of 3.4%. Duke Energy's dividend payout ratio is currently 65.17%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. KeyCorp decreased their price target on shares of Duke Energy from $139.00 to $128.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 13th. BTIG Research restated a "buy" rating on shares of Duke Energy in a report on Thursday, July 23rd. Wall Street Zen raised shares of Duke Energy from a "sell" rating to a "hold" rating in a research note on Saturday, October 17th. HSBC began coverage on shares of Duke Energy in a report on Thursday, October 22nd. They set a "hold" rating and a $123.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of Duke Energy from $127.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 21st. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.19.
Check Out Our Latest Stock Analysis on DUK
Hedge Funds Weigh In On Duke Energy
A number of hedge funds have recently modified their holdings of the company. Livelsberger Financial Advisory purchased a new position in Duke Energy during the 3rd quarter valued at about $31,000. Compass Wealth Management LLC purchased a new stake in Duke Energy in the 3rd quarter worth approximately $33,000. IAG Wealth Partners LLC lifted its holdings in Duke Energy by 154.6% in the 1st quarter. IAG Wealth Partners LLC now owns 275 shares of the utilities provider's stock worth $36,000 after buying an additional 167 shares during the period. Evergreen Advisors LLC bought a new stake in shares of Duke Energy in the 1st quarter worth approximately $36,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in shares of Duke Energy in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 65.31% of the company's stock.
Duke Energy News Roundup
Here are the key news stories impacting Duke Energy this week:
- Neutral Sentiment: The Florida Public Service Commission approved lower electricity rates for Duke Energy Florida customers in 2027. Lower bills may benefit customers, but the reports do not explain whether the change will affect Duke’s earnings or simply adjust costs passed through to customers. Article: Duke Energy Florida customers to see lower rates in 2027
- Neutral Sentiment: Executive Vice President Bonnie Titone sold 2,900 shares for about $371,200 under a pre-arranged Rule 10b5-1 plan. The planned sale is a limited signal; she retained 26,111 shares. Article: Duke Energy insider transaction
- Negative Sentiment: Duke Energy refunded a Largo, Florida, customer after she was billed for a different home for nearly five years. The reported case may raise customer-service concerns, though no refund amount or broader financial impact was given. Article: Duke Energy refunds Largo woman after nearly 5 years of wrong bills
About Duke Energy
(
Get Free Report)
Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company's generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.
Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.
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