Duke Energy Corporation to Issue Quarterly Dividend of $1.07 (NYSE:DUK)

Duke Energy Corporation (NYSE:DUK) announced a quarterly dividend on Tuesday, January 6th. Shareholders of record on Friday, February 13th will be given a dividend of 1.065 per share by the utilities provider on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, February 13th.

Duke Energy has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 20 consecutive years. Duke Energy has a dividend payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Duke Energy to earn $6.73 per share next year, which means the company should continue to be able to cover its $4.26 annual dividend with an expected future payout ratio of 63.3%.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $117.75 on Wednesday. The company has a 50-day simple moving average of $119.98 and a 200-day simple moving average of $121.37. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40. The company has a market cap of $91.57 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.54 and a beta of 0.50. Duke Energy has a 12 month low of $105.20 and a 12 month high of $130.03.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. Duke Energy’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 earnings per share. On average, equities analysts anticipate that Duke Energy will post 6.33 earnings per share for the current year.

Insider Buying and Selling at Duke Energy

In other news, EVP Robert Alexander Glenn sold 8,200 shares of Duke Energy stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total value of $1,015,160.00. Following the transaction, the executive vice president directly owned 11,367 shares of the company’s stock, valued at $1,407,234.60. The trade was a 41.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its position in Duke Energy by 11.6% during the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after purchasing an additional 700 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in shares of Duke Energy by 10.7% during the first quarter. Ashton Thomas Private Wealth LLC now owns 19,558 shares of the utilities provider’s stock worth $2,385,000 after purchasing an additional 1,892 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of Duke Energy by 22.6% in the first quarter. Signature Estate & Investment Advisors LLC now owns 3,875 shares of the utilities provider’s stock worth $473,000 after buying an additional 714 shares during the period. Ascent Group LLC grew its stake in shares of Duke Energy by 17.3% in the first quarter. Ascent Group LLC now owns 28,078 shares of the utilities provider’s stock valued at $3,425,000 after buying an additional 4,146 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in shares of Duke Energy during the 1st quarter valued at about $323,000. 65.31% of the stock is owned by institutional investors and hedge funds.

About Duke Energy

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.