3,547 Shares in Duke Energy Corporation $DUK Acquired by Texas Capital Bank Wealth Management Services Inc

Key Points

• Texas Capital Bank Wealth Management Services Inc. invested $433,000 in Duke Energy Corporation, acquiring 3,547 shares during the first quarter.
• Insider activity revealed that EVP Thomas Preston Jr. Gillespie sold 6,700 shares at an average price of $124.26, decreasing his stake by 12.61%.
• Duke Energy announced an increase in its quarterly dividend from $1.05 to $1.065, representing a yield of 3.4% for shareholders of record on August 15.

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,547 shares of the utilities provider's stock, valued at approximately $433,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy in the first quarter valued at about $27,000. Wayfinding Financial LLC acquired a new stake in Duke Energy in the 1st quarter valued at approximately $27,000. Mattson Financial Services LLC bought a new stake in Duke Energy in the 4th quarter valued at approximately $28,000. Vermillion Wealth Management Inc. acquired a new position in Duke Energy during the 4th quarter worth approximately $27,000. Finally, Financial Network Wealth Advisors LLC grew its stake in shares of Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock worth $31,000 after acquiring an additional 198 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business's stock in a transaction 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 sale, the executive vice president owned 46,422 shares of the company's stock, valued at $5,768,397.72. This trade represents a 12.61% 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 company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on DUK shares. Wells Fargo & Company boosted their price objective on shares of Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. BMO Capital Markets lifted their price target on shares of Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. UBS Group reissued a "neutral" rating and set a $127.00 price target (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Scotiabank raised their price objective on Duke Energy from $120.00 to $128.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a report on Thursday. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and a consensus price target of $130.07.

Duke Energy Stock Performance

Shares of DUK traded up $0.0740 during trading hours on Friday, hitting $124.2140. The company had a trading volume of 2,182,812 shares, compared to its average volume of 3,497,655. The firm has a market cap of $96.59 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 3.00 and a beta of 0.36. The business has a fifty day moving average of $119.78 and a 200-day moving average of $118.35. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month 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 announced its 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 company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS 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. Stockholders of record on Friday, August 15th will be given a $1.065 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy's dividend payout ratio (DPR) is currently 69.27%.

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.