Duke Energy Corporation $DUK Stock Holdings Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in shares of Duke Energy Corporation (NYSE:DUK) by 5.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,333 shares of the utilities provider’s stock after selling 24,291 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Duke Energy were worth $50,955,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DUK. WealthShield Partners LLC increased its holdings in Duke Energy by 0.3% in the second quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock worth $3,003,000 after buying an additional 80 shares during the last quarter. Cypress Wealth Services LLC lifted its holdings in shares of Duke Energy by 1.7% during the 3rd quarter. Cypress Wealth Services LLC now owns 5,048 shares of the utilities provider’s stock worth $625,000 after acquiring an additional 82 shares during the period. Private Wealth Asset Management LLC lifted its stake in Duke Energy by 6.4% during the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 85 shares during the period. Sentry LLC increased its position in shares of Duke Energy by 4.9% during the 2nd quarter. Sentry LLC now owns 1,831 shares of the utilities provider’s stock worth $216,000 after purchasing an additional 86 shares in the last quarter. Finally, Centurion Wealth Management LLC raised its position in Duke Energy by 3.0% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,991 shares of the utilities provider’s stock valued at $353,000 after purchasing an additional 87 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DUK has been the topic of several analyst reports. Mizuho increased their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Morgan Stanley set a $126.00 target price on shares of Duke Energy in a research note on Tuesday, December 16th. Barclays lifted their price target on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Scotiabank upped their price objective on Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, December 16th. Finally, BMO Capital Markets decreased their price target on shares of Duke Energy from $138.00 to $136.00 in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.50.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the completion of the sale, the executive vice president directly owned 11,367 shares in the company, valued at $1,407,234.60. This represents a 41.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Duke Energy Stock Down 0.3%

DUK stock opened at $117.27 on Friday. The business’s 50 day simple moving average is $120.55 and its 200 day simple moving average is $121.23. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $91.20 billion, a PE ratio of 18.44, a PEG ratio of 2.70 and a beta of 0.50. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The business had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same quarter in the prior year, the business earned $1.62 EPS. Duke Energy’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Friday, November 14th were paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, November 14th. Duke Energy’s payout ratio is 66.98%.

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.