MQS Management LLC acquired a new stake in shares of Duke Energy Corporation (NYSE:DUK – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm acquired 7,182 shares of the utilities provider’s stock, valued at approximately $842,000.
Other hedge funds have also bought and sold shares of the company. Dorato Capital Management bought a new position in Duke Energy during the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Duke Energy during the third quarter valued at $27,000. Lodestone Wealth Management LLC bought a new position in Duke Energy during the fourth quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC increased its position in Duke Energy by 300.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 280 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in Duke Energy by 13,750.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 277 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.
Insider Buying and Selling
In related news, CEO Louis E. Renjel sold 3,500 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $125.15, for a total value of $438,025.00. Following the completion of the sale, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Regis T. Repko sold 962 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the completion of the sale, the senior vice president directly owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. This trade represents a 19.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,462 shares of company stock valued at $3,048,426 over the last three months. 0.12% of the stock is owned by company insiders.
Trending Headlines about Duke Energy
- Positive Sentiment: Duke Energy is being viewed as a potential beneficiary of surging power demand from data centers, which could support future generation growth and regulated utility investment opportunities. Why Duke Energy (DUK) Is Becoming a Data Center Power Demand Play
- Positive Sentiment: Goldman Sachs reiterated its bullish view by keeping Duke Energy on its Conviction List and assigning a $132 target, signaling confidence in regulatory progress and the company’s expansion plans. Why Duke Energy (DUK) Is Becoming a Data Center Power Demand Play
- Positive Sentiment: Utility-sector demand tailwinds linked to AI infrastructure are also supporting sentiment toward Duke Energy and other dividend-paying utilities. These 3 Utility Stocks Have Been Paying Dividends for Decades and AI Data Centers Just Made Them More Valuable
- Neutral Sentiment: North Carolina lawmakers moved to require approval for replacement nuclear capacity before Duke can retire coal plants, which could slow the company’s transition plans but may also protect near-term generation reliability and earnings visibility. North Carolina lawmakers just moved to block Duke Energy from closing coal plants until new nuclear is approved to replace every lost megawatt
- Neutral Sentiment: Morgan Stanley cut its price target on Duke Energy to $132 from $141 while maintaining an Equalweight rating, a modestly softer analyst signal but still above the recent share price. Morgan Stanley adjusts price target on Duke Energy to 132 from 141
- Neutral Sentiment: Other items, including local outage and customer-service updates, appear operational in nature and are unlikely to materially affect the stock. Power restored for Duke Energy customers in Sullivan County
Analyst Upgrades and Downgrades
A number of research firms have recently commented on DUK. The Goldman Sachs Group upped their price target on shares of Duke Energy from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Evercore upped their price target on shares of Duke Energy from $139.00 to $140.00 in a report on Monday, May 11th. Truist Financial cut their price target on shares of Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a report on Monday. BTIG Research restated a “buy” rating and issued a $141.00 price target on shares of Duke Energy in a report on Friday, January 30th. Finally, Royal Bank Of Canada cut their price target on shares of Duke Energy from $143.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.07.
Get Our Latest Stock Analysis on DUK
Duke Energy Trading Up 0.9%
NYSE DUK opened at $125.78 on Friday. The company’s 50-day moving average price is $128.24 and its 200-day moving average price is $124.02. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The stock has a market cap of $98.06 billion, a PE ratio of 19.26 and a beta of 0.41. Duke Energy Corporation has a 12 month low of $113.39 and a 12 month high of $134.49.
Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The company had revenue of $9.18 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the prior year, the firm earned $1.76 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts forecast that Duke Energy Corporation will post 6.71 earnings per share for the current year.
Duke Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Friday, May 15th will be paid a $1.065 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. Duke Energy’s dividend payout ratio is 65.24%.
Duke Energy Profile
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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