Graybill Wealth Management LTD. bought a new position in Duke Energy Corporation (NYSE:DUK – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,429 shares of the utilities provider’s stock, valued at approximately $871,000.
Other large investors have also recently bought and sold shares of the company. Dorato Capital Management acquired a new position in Duke Energy during the 4th quarter worth $26,000. Evolution Wealth Management Inc. lifted its holdings in Duke Energy by 1,111.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Duke Energy during the 3rd quarter worth $27,000. Triumph Capital Management lifted its holdings in Duke Energy by 68.6% during the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after buying an additional 94 shares in the last quarter. Finally, Cornerstone Financial Management LLC acquired a new position in Duke Energy during the 4th quarter worth $28,000. Institutional investors and hedge funds own 65.31% of the company’s stock.
Key Stories 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
Insider Activity
Analysts Set New Price Targets
Several research firms have issued reports on DUK. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Monday, May 4th. Evercore upped their price objective on Duke Energy from $139.00 to $140.00 in a report on Monday, May 11th. Wells Fargo & Company upped their price objective on Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Barclays upped their price objective on Duke Energy from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Finally, Mizuho upped their target price on shares of Duke Energy from $130.00 to $139.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.93.
Read Our Latest Analysis on DUK
Duke Energy Price Performance
DUK opened at $124.91 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45. Duke Energy Corporation has a 12 month low of $113.66 and a 12 month high of $134.49. The company has a fifty day simple moving average of $126.16 and a 200 day simple moving average of $124.01. The stock has a market cap of $97.38 billion, a P/E ratio of 19.13 and a beta of 0.39.
Duke Energy (NYSE:DUK – Get Free Report) last released its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the prior year, the company earned $1.76 EPS. The company’s revenue was up 11.3% on a year-over-year basis. On average, research analysts expect that Duke Energy Corporation will post 6.71 EPS for the current year.
Duke Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders 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 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is currently 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.
Read More
- Five stocks we like better than Duke Energy
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.
