Duke Energy (NYSE:DUK) CEO Louis Renjel Sells 6,800 Shares of Stock

Duke Energy Corporation (NYSE:DUKGet Free Report) CEO Louis Renjel sold 6,800 shares of Duke Energy stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $127.67, for a total value of $868,156.00. Following the completion of the transaction, the chief executive officer owned 22,007 shares of the company’s stock, valued at approximately $2,809,633.69. The trade was a 23.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Duke Energy Price Performance

Shares of DUK stock opened at $128.14 on Friday. Duke Energy Corporation has a 52 week low of $110.51 and a 52 week high of $130.03. The stock has a market capitalization of $99.65 billion, a PE ratio of 20.28, a PEG ratio of 2.74 and a beta of 0.51. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.55. The stock’s fifty day moving average is $118.67 and its 200-day moving average is $121.80.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.01. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. The business had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the prior year, the company earned $1.66 EPS. Duke Energy has set its FY 2026 guidance at 6.550-6.800 EPS. Equities research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be issued a $1.065 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. Duke Energy’s dividend payout ratio (DPR) is currently 67.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. The Goldman Sachs Group boosted their target price on Duke Energy from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley reiterated an “underperform” rating and issued a $130.00 price objective on shares of Duke Energy in a research report on Wednesday, January 21st. Barclays cut their target price on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Scotiabank lifted their price target on shares of Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, December 16th. Finally, UBS Group cut their price objective on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.19.

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More Duke Energy News

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Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Dorato Capital Management acquired a new position in Duke Energy in the 4th quarter worth $26,000. Evolution Wealth Management Inc. lifted its holdings in shares of Duke Energy by 1,111.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Duke Energy during the third quarter worth about $27,000. Triumph Capital Management grew its holdings in shares of Duke Energy by 68.6% during the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after buying an additional 94 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in Duke Energy in the 2nd quarter valued at approximately $28,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Company Profile

(Get Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

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