Duke Energy Corporation $DUK Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 22.7% during the fourth quarter, HoldingsChannel reports. The fund owned 132,530 shares of the utilities provider’s stock after buying an additional 24,497 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Duke Energy were worth $15,534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Duke Energy by 37.7% during the third quarter. Farther Finance Advisors LLC now owns 41,642 shares of the utilities provider’s stock worth $5,153,000 after acquiring an additional 11,409 shares during the period. Applied Finance Capital Management LLC acquired a new stake in Duke Energy in the third quarter valued at $1,046,000. Lockheed Martin Investment Management Co. grew its holdings in Duke Energy by 11.3% in the third quarter. Lockheed Martin Investment Management Co. now owns 274,630 shares of the utilities provider’s stock valued at $33,985,000 after purchasing an additional 27,820 shares during the last quarter. Alley Investment Management Company LLC grew its holdings in Duke Energy by 13.0% in the third quarter. Alley Investment Management Company LLC now owns 88,018 shares of the utilities provider’s stock valued at $10,892,000 after purchasing an additional 10,108 shares during the last quarter. Finally, Greystone Financial Group LLC grew its holdings in Duke Energy by 12.7% in the third quarter. Greystone Financial Group LLC now owns 93,766 shares of the utilities provider’s stock valued at $11,604,000 after purchasing an additional 10,580 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.4%

DUK opened at $128.14 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54. The firm has a market cap of $99.71 billion, a P/E ratio of 20.27 and a beta of 0.46. Duke Energy Corporation has a 52 week low of $111.22 and a 52 week high of $134.49. The business’s fifty day simple moving average is $129.54 and its 200 day simple moving average is $124.11.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same quarter last year, the company earned $1.66 earnings per share. As a group, equities research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group upped their target price on Duke Energy from $136.00 to $140.00 in a report on Monday, March 9th. Barclays upped their target price on Duke Energy from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Royal Bank Of Canada lowered their target price on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, January 23rd. Jefferies Financial Group upped their target price on Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company upped their target price on Duke Energy from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, March 4th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.20.

Read Our Latest Analysis on DUK

Insiders Place Their Bets

In related news, SVP Regis T. Repko sold 962 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the sale, the senior vice president owned 3,896 shares of the company’s stock, valued at $498,142.56. This trade represents a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Louis E. Renjel sold 6,800 shares of the 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 directly owned 22,007 shares in the company, valued at approximately $2,809,633.69. The trade was a 23.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by company insiders.

Duke Energy News Summary

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

Duke Energy Company Profile

(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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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