Duke Energy (NYSE:DUK) EVP Bonnie Titone Sells 2,900 Shares of Company Stock

Duke Energy Corporation (NYSE:DUK) EVP Bonnie Titone sold 2,900 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $128.00, for a total transaction of $371,200.00. Following the sale, the executive vice president owned 26,111 shares of the company’s stock, valued at $3,342,208. This represents a 10.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Duke Energy Stock Down 1.5%

Shares of Duke Energy stock traded down $1.98 during trading hours on Tuesday, hitting $126.40. The company had a trading volume of 3,618,764 shares, compared to its average volume of 3,981,089. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43. The company’s 50-day moving average is $119.28 and its two-hundred day moving average is $124.32. The company has a market cap of $98.56 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 2.88 and a beta of 0.36. Duke Energy Corporation has a twelve month low of $112.40 and a twelve month high of $134.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The firm had revenue of $7.59 billion during the quarter, compared to analysts’ expectations of $7.66 billion. During the same period in the previous year, the company earned $1.25 earnings per share. Duke Energy’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts anticipate that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be given a dividend of $1.0850 per share. The ex-dividend date is Friday, November 13th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s payout ratio is 65.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. JPMorgan Chase & Co. dropped their price target on Duke Energy from $137.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research note on Thursday. BTIG Research reiterated a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. Finally, Scotiabank dropped their target price on Duke Energy from $146.00 to $131.00 in a report on Wednesday, September 30th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average price target of $132.19.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in Duke Energy during the second quarter valued at $605,680,000. Janus Henderson Group PLC increased its stake in shares of Duke Energy by 5,254.4% during the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock worth $358,227,000 after purchasing an additional 2,684,721 shares during the last quarter. Cullen Capital Management LLC acquired a new position in shares of Duke Energy during the 2nd quarter worth $244,731,000. Great Lakes Advisors LLC bought a new position in shares of Duke Energy during the 2nd quarter valued at $100,586,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Duke Energy in the 2nd quarter valued at $88,657,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Company Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.