Commerzbank Aktiengesellschaft FI raised its holdings in Duke Energy Corporation (NYSE:DUK – Free Report) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 69,145 shares of the utilities provider’s stock after buying an additional 4,562 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Duke Energy were worth $8,104,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of DUK. Dorato Capital Management bought a new position in Duke Energy in the 4th quarter valued at $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Duke Energy in the 3rd quarter valued at $27,000. Lodestone Wealth Management LLC bought a new position in Duke Energy in the 4th quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC grew its position in Duke Energy by 300.0% in the 4th 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 grew its position in Duke Energy by 13,750.0% in the 4th 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.
Duke Energy Price Performance
Shares of DUK stock opened at $120.98 on Friday. Duke Energy Corporation has a twelve month low of $113.39 and a twelve month high of $134.49. The stock has a market capitalization of $94.31 billion, a price-to-earnings ratio of 18.53 and a beta of 0.41. The stock has a fifty day simple moving average of $128.90 and a two-hundred day simple moving average of $124.06. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.
Duke Energy Dividend Announcement
The business 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 dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, May 15th. Duke Energy’s dividend payout ratio is 65.24%.
Wall Street Analysts Forecast Growth
DUK has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research report on Monday, May 4th. Barclays upped their price objective on Duke Energy from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. JPMorgan Chase & Co. cut their price objective on Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a research report on Wednesday. Royal Bank Of Canada cut their price objective on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Friday, January 23rd. Finally, Wells Fargo & Company upped their target price on Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $140.00.
View Our Latest Stock Analysis on DUK
Insider Buying and Selling
In related news, CEO Harry K. Sideris sold 20,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the completion of the sale, the chief executive officer directly owned 96,102 shares in the company, valued at $11,952,205.74. This represents a 17.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Louis E. Renjel sold 3,500 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the sale, the chief executive officer owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 24,462 shares of company stock worth $3,048,426 in the last three months. 0.12% of the stock is owned by insiders.
Key Duke Energy News
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy held a groundbreaking ceremony for its Cayuga Energy Complex, signaling continued investment in its generation and infrastructure buildout, which can support future regulated-rate growth. Duke Energy holds a groundbreaking ceremony for their Cayuga Energy Complex
- Positive Sentiment: The company reported that no toxic algae was found at the Lake Norman site after an earlier state finding, which may reduce environmental and reputational concerns. Duke Energy: No toxic algae found at Lake Norman site where state said it was
- Neutral Sentiment: DUK remains a heavily watched stock, with investor attention likely reflecting interest in its defensive utility profile and upcoming rate/regulatory developments. Duke Energy Corporation (DUK) Is a Trending Stock: Facts to Know Before Betting on It
- Neutral Sentiment: Reports that Duke Energy’s North Carolina rate-increase hearing was postponed could delay a key catalyst for earnings and cash-flow improvement, but the impact is still uncertain. Duke Energy rate-increase hearing postponed over missed scheduling deadline
- Neutral Sentiment: The company’s claims that a merger will save customers $2.3 billion and news about combining its two North Carolina utilities may help long-term efficiency, but investors are likely waiting to see regulatory details. Duke Energy claims merger to save customers $2.3 billion, double initial estimate
- Negative Sentiment: Questions around North Carolina policy and legal issues tied to Duke Energy’s solar plans could add uncertainty to future capital spending and regulatory approval. Shunning the sunshine? NC order for Duke Energy to hit brakes on solar raises policy, legal questions
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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