Bollard Group LLC reduced its stake in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 22.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 187,007 shares of the utilities provider’s stock after selling 54,176 shares during the period. Duke Energy makes up approximately 0.5% of Bollard Group LLC’s holdings, making the stock its 24th biggest holding. Bollard Group LLC’s holdings in Duke Energy were worth $21,919,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Dorato Capital Management bought a new position in shares of Duke Energy during the 4th quarter worth approximately $26,000. Evolution Wealth Management Inc. grew its stake in shares of Duke Energy by 1,111.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Duke Energy during the third quarter worth about $27,000. Triumph Capital Management grew its holdings in Duke Energy by 68.6% during the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 94 shares during the period. Finally, Lodestone Wealth Management LLC bought a new position in Duke Energy during the fourth quarter worth about $30,000. 65.31% of the stock is owned by institutional investors.
Key Headlines Impacting Duke Energy
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Analysts and market commentary are highlighting Duke Energy as a defensive, low-volatility utility pick as inflation jumps and oil prices surge, which can draw investors toward stable dividend names like DUK. 3 Low-Beta Utility Stocks to Buy as Inflation Jumps to Three-Year High
- Positive Sentiment: A Seeking Alpha piece argues Duke Energy could keep rising, reinforcing bullish sentiment around the company’s earnings outlook, utility stability, and rate-driven growth profile. Duke Energy: Why This Utility Could Keep Rising
- Positive Sentiment: Duke Energy received up to $96 million in federal coal plant grants, which could help offset refurbishment costs and support grid reliability without passing as much expense to customers. How Investors Are Reacting To Duke Energy (DUK) Winning US$96 Million In Federal Coal Plant Grants
- Positive Sentiment: Brokerage coverage remains constructive, with Duke Energy carrying an average “Moderate Buy” recommendation. Duke Energy Corporation (NYSE:DUK) Given Average Recommendation of “Moderate Buy” by Brokerages
Analyst Ratings Changes
Check Out Our Latest Research Report on Duke Energy
Insider Transactions at Duke Energy
In other news, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Louis E. Renjel sold 3,500 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $125.15, for a total transaction 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 approximately $2,680,087.25. The trade was a 14.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.
Duke Energy Trading Up 0.6%
DUK stock opened at $124.91 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. The company has a fifty day moving average price of $126.16 and a two-hundred day moving average price of $124.01. Duke Energy Corporation has a one year low of $113.66 and a one year high of $134.49. The stock has a market cap of $97.38 billion, a price-to-earnings ratio of 19.13 and a beta of 0.39.
Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 EPS 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 firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the business posted $1.76 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Corporation will post 6.71 EPS for the current year.
Duke Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th. Duke Energy’s payout ratio is presently 65.24%.
About Duke Energy
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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