Duke Energy Corporation $DUK Shares Acquired by Colonial Trust Advisors

Key Points

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Colonial Trust Advisors grew its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,189 shares of the utilities provider's stock after acquiring an additional 7,578 shares during the period. Duke Energy accounts for 1.4% of Colonial Trust Advisors' portfolio, making the stock its 18th largest holding. Colonial Trust Advisors' holdings in Duke Energy were worth $16,245,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DUK. Vermillion Wealth Management Inc. bought a new position in shares of Duke Energy during the 4th quarter valued at approximately $27,000. Wayfinding Financial LLC purchased a new stake in shares of Duke Energy in the first quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Duke Energy in the first quarter worth $27,000. Mattson Financial Services LLC purchased a new stake in shares of Duke Energy in the fourth quarter worth $28,000. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock worth $31,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Trading Up 0.1%

Shares of Duke Energy stock traded up $0.0740 on Friday, reaching $124.2140. The company had a trading volume of 2,182,812 shares, compared to its average volume of 3,581,155. The firm has a market cap of $96.59 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 3.00 and a beta of 0.36. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The firm's 50-day moving average price is $119.63 and its two-hundred day moving average price is $118.27. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data 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). 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 for the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. Duke Energy's 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. As a group, research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be issued a $1.065 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's dividend payout ratio (DPR) is currently 69.27%.

Insider Buying and Selling at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business's stock in a transaction on 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 transaction, the executive vice president directly owned 46,422 shares of the company's stock, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president directly owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DUK shares. Citigroup increased their price objective on shares of Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley decreased their target price on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. UBS Group reissued a "neutral" rating and set a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. BMO Capital Markets lifted their target price on Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company lifted their target price on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Duke Energy has an average rating of "Moderate Buy" and a consensus target price of $130.07.

About Duke Energy

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.