UMB Bank n.a. Sells 2,267 Shares of Duke Energy Corporation $DUK

Key Points

• UMB Bank n.a. reduced its stake in Duke Energy Corporation by 1.2% during the second quarter, holding 187,331 shares worth approximately $22.1 million.
• Duke Energy announced a quarterly dividend increase to $1.065 per share, leading to an annualized yield of 3.5%.
• Analysts have set price targets for Duke Energy shares between $127.00 and $132.00, with a consensus rating of "Moderate Buy".

UMB Bank n.a. reduced its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,331 shares of the utilities provider's stock after selling 2,267 shares during the quarter. UMB Bank n.a.'s holdings in Duke Energy were worth $22,105,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wright Investors Service Inc. lifted its stake in Duke Energy by 3.1% in the 2nd quarter. Wright Investors Service Inc. now owns 3,997 shares of the utilities provider's stock valued at $472,000 after buying an additional 120 shares in the last quarter. AA Financial Advisors LLC grew its stake in Duke Energy by 17.7% during the second quarter. AA Financial Advisors LLC now owns 7,377 shares of the utilities provider's stock worth $870,000 after buying an additional 1,107 shares during the period. Phillips Wealth Planners LLC grew its stake in Duke Energy by 5.8% during the second quarter. Phillips Wealth Planners LLC now owns 10,642 shares of the utilities provider's stock worth $1,238,000 after buying an additional 579 shares during the period. Miller Howard Investments Inc. NY lifted its position in shares of Duke Energy by 5.6% during the second quarter. Miller Howard Investments Inc. NY now owns 17,586 shares of the utilities provider's stock worth $2,075,000 after purchasing an additional 937 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in Duke Energy by 27.8% during the 2nd quarter. Diversified Trust Co now owns 14,610 shares of the utilities provider's stock valued at $1,724,000 after acquiring an additional 3,180 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company's stock.

Insider Transactions at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company'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 sale, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 owned 46,422 shares in the company, valued at $5,768,397.72. This 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 owned by insiders.

Duke Energy Price Performance

Duke Energy stock traded up $0.69 during mid-day trading on Friday, reaching $121.08. The company had a trading volume of 4,842,020 shares, compared to its average volume of 2,513,562. The company has a market cap of $94.15 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.92 and a beta of 0.39. The business has a fifty day simple moving average of $121.79 and a 200 day simple moving average of $119.34. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85.

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

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a $1.065 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. Duke Energy's dividend payout ratio is presently 69.27%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of Duke Energy from $122.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. UBS Group reiterated a "neutral" rating and issued a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research report on Tuesday, July 1st. BMO Capital Markets raised their target price on shares of Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $130.62.

Duke Energy 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.