Duke Energy Corporation $DUK Shares Sold by UNIVEST FINANCIAL Corp

by · The Markets Daily

UNIVEST FINANCIAL Corp decreased its position in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 7.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,883 shares of the utilities provider’s stock after selling 222 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Duke Energy were worth $340,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Beacon Investment Advisory Services Inc. increased its holdings in Duke Energy by 8.1% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock worth $6,264,000 after purchasing an additional 3,837 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Duke Energy by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after purchasing an additional 93,699 shares during the period. Resolution Capital Ltd increased its holdings in Duke Energy by 7.6% during the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock worth $7,318,000 after purchasing an additional 4,255 shares during the period. D.A. Davidson & CO. boosted its position in shares of Duke Energy by 2.2% during the 1st quarter. D.A. Davidson & CO. now owns 234,464 shares of the utilities provider’s stock worth $28,598,000 after acquiring an additional 4,948 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Duke Energy by 88.1% during the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after acquiring an additional 2,276,948 shares in 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, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the 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 directly owned 19,608 shares of the company’s stock, valued at $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by company insiders.

Duke Energy Stock Up 0.7%

Shares of NYSE DUK opened at $125.11 on Friday. The stock has a market cap of $97.28 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.05 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $130.03. The business has a 50-day moving average price of $123.89 and a 200 day moving average price of $120.71.

Duke Energy (NYSE:DUK – Get Free Report) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The firm had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

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 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 payout ratio is currently 69.27%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BTIG Research raised Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Mizuho upped their price objective on Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday. Scotiabank set a $137.00 price objective on Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. TD Cowen assumed coverage on Duke Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $143.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Read Our Latest Analysis on DUK

Duke Energy Company Profile

(Free Report)

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.

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