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

Duke Energy Corporation (NYSE:DUKGet Free Report) CEO Louis Renjel sold 6,800 shares of the business’s 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 sale, the chief executive officer owned 22,007 shares in the company, valued at approximately $2,809,633.69. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Duke Energy Stock Up 1.6%

DUK stock opened at $128.14 on Friday. The stock has a 50-day simple moving average of $118.67 and a two-hundred day simple moving average of $121.81. Duke Energy Corporation has a twelve month low of $110.51 and a twelve month high of $130.03. The firm has a market capitalization of $99.65 billion, a PE ratio of 20.28, a PEG ratio of 2.78 and a beta of 0.51. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.54.

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

Duke Energy Dividend Announcement

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

Key Duke Energy News

Here are the key news stories impacting Duke Energy this week:

Hedge Funds Weigh In On Duke Energy

A number of large investors have recently added to or reduced their stakes in DUK. Laurel Wealth Advisors LLC increased its holdings in shares of Duke Energy by 11,417.7% in the second quarter. Laurel Wealth Advisors LLC now owns 17,668,789 shares of the utilities provider’s stock worth $2,084,917,000 after buying an additional 17,515,383 shares during the period. Vanguard Group Inc. grew its position in Duke Energy by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock worth $9,172,709,000 after acquiring an additional 1,957,592 shares during the last quarter. Franklin Resources Inc. increased its stake in Duke Energy by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after purchasing an additional 954,907 shares during the period. Milford Funds Ltd. bought a new stake in Duke Energy in the fourth quarter valued at approximately $97,905,000. Finally, Cohen & Steers Inc. grew its holdings in shares of Duke Energy by 83.3% in the fourth quarter. Cohen & Steers Inc. now owns 1,711,445 shares of the utilities provider’s stock worth $200,598,000 after purchasing an additional 777,878 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Duke Energy from $126.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Barclays decreased their price objective 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. Mizuho set a $130.00 price target on shares of Duke Energy in a research note on Tuesday. UBS Group decreased their price target 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. Finally, Scotiabank lifted their price objective on shares of Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a report on Tuesday, December 16th. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and a consensus target price of $134.19.

Check Out Our Latest Analysis on Duke Energy

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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