MassMutual Private Wealth & Trust FSB Raises Stake in Duke Energy Corporation $DUK

Key Points

• MassMutual Private Wealth & Trust FSB increased its stake in Duke Energy Corporation by 75.1%, now holding 26,703 shares valued at approximately $3.15 million.
• Duke Energy's quarterly earnings reported $1.25 EPS, which missed analysts' estimates by $0.04, although revenue was up 4.7% year-over-year.
• The company recently raised its quarterly dividend to $1.065 per share, reflecting a yield of 3.5%, with a payout ratio of 69.27%.

MassMutual Private Wealth & Trust FSB increased its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 75.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,703 shares of the utilities provider's stock after buying an additional 11,453 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Duke Energy were worth $3,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DUK. Brighton Jones LLC increased its position in shares of Duke Energy by 11.6% during the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider's stock worth $728,000 after purchasing an additional 700 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of Duke Energy during the fourth quarter worth $51,435,000. Vident Advisory LLC increased its position in shares of Duke Energy by 8.9% during the fourth quarter. Vident Advisory LLC now owns 15,217 shares of the utilities provider's stock worth $1,640,000 after purchasing an additional 1,247 shares in the last quarter. Zurich Insurance Group Ltd FI increased its position in shares of Duke Energy by 6.3% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 455,211 shares of the utilities provider's stock worth $49,044,000 after purchasing an additional 27,127 shares in the last quarter. Finally, Zimmer Partners LP increased its position in shares of Duke Energy by 40.6% during the fourth quarter. Zimmer Partners LP now owns 2,027,600 shares of the utilities provider's stock worth $218,454,000 after purchasing an additional 585,600 shares in the last quarter. Institutional investors own 65.31% of the company's stock.

Insider Transactions at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction 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 position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Duke Energy Price Performance

Shares of Duke Energy stock traded up $0.69 during mid-day trading on Friday, reaching $121.08. 4,842,020 shares of the stock traded hands, compared to its average volume of 2,380,597. The stock has a market capitalization of $94.15 billion, a PE ratio of 19.69, a PEG ratio of 2.92 and a beta of 0.39. The business has a 50-day moving average of $121.79 and a 200 day moving average of $119.31. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. 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 (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The firm had revenue of $7.51 billion for the quarter, compared to analysts' expectations of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were given a dividend of $1.065 per share. The ex-dividend date was Friday, August 15th. This is an increase from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.5%. Duke Energy's dividend payout ratio (DPR) is 69.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DUK shares. Barclays upped their price target on Duke Energy from $122.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. UBS Group reissued a "neutral" rating and issued a $127.00 target price (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. BMO Capital Markets upped their target price on Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Raymond James Financial initiated coverage on Duke Energy in a research report on Friday, June 13th. They issued a "market perform" rating on the stock. Finally, The Goldman Sachs Group set a $132.00 target price on Duke Energy in a research report on Tuesday, July 1st. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Duke Energy presently has an average rating of "Moderate Buy" and an average price target of $130.62.

Duke Energy Company Profile

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.