OLD Point Trust & Financial Services N A Has $222,000 Stock Holdings in Duke Energy Corporation $DUK

OLD Point Trust & Financial Services N A decreased its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,880 shares of the utilities provider’s stock after selling 150 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Duke Energy were worth $222,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management raised its holdings in Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after buying an additional 105 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Duke Energy during the first quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Duke Energy in the first quarter valued at about $27,000. Financial Network Wealth Advisors LLC raised its holdings in shares of Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 198 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of Duke Energy in the first quarter valued at about $36,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

NYSE DUK opened at $123.71 on Wednesday. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The company has a 50-day simple moving average of $122.41 and a 200 day simple moving average of $119.57. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The company has a market capitalization of $96.20 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.96 and a beta of 0.39.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the business posted $1.18 EPS. The business’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, research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a dividend of $1.065 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Analyst Ratings Changes

DUK has been the subject of several analyst reports. Morgan Stanley lowered their target price on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Jefferies Financial Group downgraded shares of Duke Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $141.00 to $134.00 in a report on Friday, September 26th. BMO Capital Markets increased their target price on shares of Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Raymond James Financial initiated coverage on shares of Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating for the company. Finally, Barclays increased their target price on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, the senior vice president owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Duke Energy Company 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.