Duke Energy Corporation $DUK Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its position in Duke Energy Corporation (NYSE:DUK) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,469 shares of the utilities provider’s stock after purchasing an additional 6,400 shares during the period. Tectonic Advisors LLC’s holdings in Duke Energy were worth $10,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Duke Energy by 37.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 41,642 shares of the utilities provider’s stock valued at $5,153,000 after purchasing an additional 11,409 shares during the period. Applied Finance Capital Management LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at $1,046,000. Lockheed Martin Investment Management Co. lifted its stake in shares of Duke Energy by 11.3% in the 3rd 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 period. Alley Investment Management Company LLC raised its position in Duke Energy by 13.0% during the third quarter. Alley Investment Management Company LLC now owns 88,018 shares of the utilities provider’s stock worth $10,892,000 after acquiring an additional 10,108 shares during the period. Finally, Greystone Financial Group LLC raised its position in Duke Energy by 12.7% during the third quarter. Greystone Financial Group LLC now owns 93,766 shares of the utilities provider’s stock worth $11,604,000 after acquiring an additional 10,580 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of NYSE DUK opened at $131.90 on Monday. The firm has a 50-day simple moving average of $128.82 and a 200-day simple moving average of $123.90. The stock has a market capitalization of $102.63 billion, a price-to-earnings ratio of 20.87 and a beta of 0.46. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54. Duke Energy Corporation has a 52 week low of $111.22 and a 52 week high of $134.49.

Duke Energy (NYSE:DUK) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $7.57 billion. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. During the same period in the prior year, the business earned $1.66 earnings per share. On average, equities analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Insider Transactions at Duke Energy

In related news, CEO Louis E. Renjel sold 6,800 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $127.67, for a total value of $868,156.00. Following the completion of the sale, the chief executive officer owned 22,007 shares of the company’s stock, valued at approximately $2,809,633.69. This represents a 23.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Regis T. Repko sold 962 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were 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 $498,142.56. This represents a 19.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Duke Energy from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Scotiabank upped their price objective on shares of Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, December 16th. BMO Capital Markets upped their price objective on shares of Duke Energy from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Friday. Evercore restated an “in-line” rating and set a $139.00 price objective on shares of Duke Energy in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada reduced their price objective on shares of Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $139.33.

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.