Commerzbank Aktiengesellschaft FI buys 1,209 shares of Duke Energy Co. (NYSE:DUK)

VaselineAugust 21, 2024

0 4 minutes read

Commerzbank Aktiengesellschaft FI increased its position in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,560 shares of the utilities provider’s stock after acquiring an additional 1,209 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Duke Energy were worth $5,769,000 at the end of the most recent quarter.

Several other large investors have recently added to or reduced their stakes in DUK. SeaCrest Wealth Management LLC boosted its stake in shares of Duke Energy by 1.6% in the second quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 98 shares during the last quarter. Indiana Trust & Investment Management CO raised its stake in Duke Energy by 4.9% in the second quarter. Indiana Trust & Investment Management CO now owns 2,147 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 100 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Duke Energy by 6.5% in the 2nd quarter. Sound Income Strategies LLC now owns 1,706 shares of the utilities provider’s stock worth $171,000 after buying an additional 104 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of Duke Energy by 3.3% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 3,390 shares of the utilities provider’s stock valued at $328,000 after buying an additional 109 shares during the last quarter. Finally, Breakwater Capital Group grew its stake in Duke Energy by 3.9% in the first quarter. Breakwater Capital Group now owns 2,912 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s shares.

Duke Energy Stock Performance

Shares of DUK stock opened at $112.38 on Wednesday. The company’s 50-day moving average price is $106.04 and its 200-day moving average price is $100.30. Duke Energy Co. it has a 12-month low of $83.06 and a 12-month high of $116.67. The company has a current ratio of 0.78, a quick ratio of 0.50, and a debt-to-equity ratio of 1.54. The firm has a market cap of $86.73 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 3.09 and a beta of 0.45.

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Duke Energy (NYSE:DUK – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. In the same period last year, the company earned $0.91 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Raises Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be paid a $1.045 dividend. This represents a dividend of $4.18 on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, August 16. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. Duke Energy’s payout ratio is 105.03%.

Changes in Analyst Ratings

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets raised their price objective on Duke Energy from $114.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Goldman Sachs Group boosted their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Evercore ISI lifted their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, KeyCorp upped their price objective on shares of Duke Energy from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $110.85, according to MarketBeat.com.

Read the latest stock analysis on DUK

Indoor activity

In related news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares in the company, valued at $2,259,617.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Insiders hold 0.10% of the company’s stock.

Duke Energy Profile

(Free report)

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.