Trust Co. of Vermont Buys 375 Shares of Duke Energy Corporation $DUK

Trust Co. of Vermont raised its stake in shares of Duke Energy Corporation (NYSE:DUK) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,761 shares of the utilities provider’s stock after acquiring an additional 375 shares during the quarter. Trust Co. of Vermont’s holdings in Duke Energy were worth $1,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DUK. GQG Partners LLC boosted its position in Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after acquiring an additional 10,192,503 shares in the last quarter. Nuveen LLC bought a new stake in Duke Energy during the 1st quarter valued at $702,351,000. Raymond James Financial Inc. boosted its position in Duke Energy by 88.1% during the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after acquiring an additional 2,276,948 shares in the last quarter. Vanguard Group Inc. boosted its position in Duke Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after acquiring an additional 1,676,061 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in shares of Duke Energy by 359.1% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock worth $138,145,000 after purchasing an additional 885,900 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Scotiabank raised their price objective on Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 6th. Raymond James Financial assumed coverage on Duke Energy in a research report on Friday, June 13th. They issued a “market perform” rating for the company. Jefferies Financial Group cut Duke Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. Morgan Stanley lowered their price objective on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, BMO Capital Markets raised their price objective on Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.50.

Insider Transactions at Duke Energy

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

Duke Energy Stock Performance

Shares of DUK stock opened at $122.42 on Thursday. The firm has a market capitalization of $95.19 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.99 and a beta of 0.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The business has a fifty day moving average of $122.47 and a 200 day moving average of $119.59. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85.

Duke Energy (NYSE:DUK) last issued its earnings results 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). The firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

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.