Trilogy Capital Inc. Has $3.62 Million Position in Duke Energy Corporation $DUK

Key Points

• Trilogy Capital Inc. significantly increased its stake in Duke Energy Corporation by 464.2%, bringing its total holdings to $3.62 million after acquiring an additional 25,243 shares.
• Several institutional investors, including Vanguard Group Inc. and GQG Partners LLC, have also raised their positions in Duke Energy, further indicating strong institutional interest in the company.
• Duke Energy recently increased its quarterly dividend to $1.065 per share, reflecting a commitment to returning value to shareholders, with a current yield of 3.4%.

Trilogy Capital Inc. boosted its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 464.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,681 shares of the utilities provider's stock after purchasing an additional 25,243 shares during the quarter. Trilogy Capital Inc.'s holdings in Duke Energy were worth $3,620,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock worth $9,094,327,000 after purchasing an additional 1,676,061 shares during the period. GQG Partners LLC grew its holdings in shares of Duke Energy by 17,880.0% during the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider's stock valued at $1,250,133,000 after buying an additional 10,192,503 shares during the last quarter. Royal Bank of Canada increased its position in shares of Duke Energy by 4.9% during the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider's stock worth $1,088,158,000 after acquiring an additional 418,014 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider's stock valued at $1,055,087,000 after acquiring an additional 93,699 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Duke Energy by 1.9% during the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider's stock valued at $994,496,000 after purchasing an additional 152,542 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Insider Buying and Selling

In related news, SVP Bonnie B. Titone sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the sale, the senior vice president 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $832,542.00. Following the transaction, the executive vice president directly owned 46,422 shares of the company's stock, valued at $5,768,397.72. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DUK shares. Jefferies Financial Group cut Duke Energy from a "buy" rating to a "hold" rating and cut their target price for the company from $141.00 to $134.00 in a research report on Friday, September 26th. Morgan Stanley reduced their target price on shares of Duke Energy from $129.00 to $127.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a research report on Thursday, August 21st. UBS Group reaffirmed a "neutral" rating and issued a $127.00 price objective (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Finally, Scotiabank lifted their target price on shares of Duke Energy from $120.00 to $128.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Duke Energy presently has an average rating of "Moderate Buy" and an average target price of $131.50.

Duke Energy Stock Performance

Duke Energy stock opened at $123.71 on Wednesday. The stock has a market cap of $96.20 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.96 and a beta of 0.39. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The firm's fifty day moving average price is $122.41 and its 200-day moving average price is $119.57. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66.

Duke Energy (NYSE:DUK - Get Free Report) last released 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 business had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were paid a $1.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from Duke Energy's previous quarterly dividend of $1.05. 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%.

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.

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