Duke Energy Corporation $DUK Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC grew its position in shares of Duke Energy Corporation (NYSE:DUK) by 51.9% during the third quarter, Holdings Channel reports. The firm owned 49,068 shares of the utilities provider’s stock after acquiring an additional 16,772 shares during the quarter. AE Wealth Management LLC’s holdings in Duke Energy were worth $6,072,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Duke Energy during the 2nd quarter worth approximately $28,000. Mascoma Wealth Management LLC increased its holdings in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 87 shares during the last quarter. Access Investment Management LLC acquired a new stake in Duke Energy during the second quarter worth approximately $31,000. Trifecta Capital Advisors LLC increased its position in shares of Duke Energy by 2,284.6% during the second quarter. Trifecta Capital Advisors LLC now owns 310 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 297 shares in the last quarter. Finally, Anfield Capital Management LLC grew its position in shares of Duke Energy by 2,608.3% during the second quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 313 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

More Duke Energy News

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Dividend — Duke declared a quarterly dividend of $1.065 per share, supporting yield-seeking investors and steady income appeal. Dividend Announcement
• Positive Sentiment: Higher near-term demand from cold snap — Prolonged low temperatures across the Carolinas and a cold spell in Florida are driving higher residential heating load, which should increase near-term revenue; Duke is also promoting customer assistance programs to manage bills. Higher Energy Use Florida Cold Spell
• Positive Sentiment: Operational resilience — Duke reports restoration of power to ~150,000 North Carolina homes and is mobilizing for an upcoming winter storm; messaging that outage risk is lower for snow vs. ice may limit prolonged service disruptions and related costs. Power Restoration Outage Risk
• Neutral Sentiment: Customer scam warnings — Multiple local outlets report impersonation texts and fake outage messages targeting Duke customers; the company is warning customers and advising precautions. This is a reputational/operational nuisance but not a direct earnings driver. Scam Warning
• Negative Sentiment: Analyst cut — RBC Capital trimmed its target on Duke, which can pressure sentiment and cap near-term upside from analyst-following investors. RBC Target Trim
• Negative Sentiment: Peaker gas-plant consideration — Duke is evaluating a Rockingham County site for potential gas-fired “peaker” plants; this could trigger local opposition, regulatory scrutiny and incremental capital spending. Peaker Plant Site
• Negative Sentiment: Political/PR risk — Coverage questions Duke’s involvement in campaigns opposing municipal moves in Pinellas County, which could heighten regulatory/political risk and negative public attention. Pinellas County Coverage

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DUK. UBS Group reduced their target price on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Jefferies Financial Group reduced their price objective on Duke Energy from $126.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, January 14th. The Goldman Sachs Group lifted their target price on Duke Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Scotiabank upped their price target on Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, December 16th. Finally, BMO Capital Markets raised their price target on Duke Energy from $130.00 to $132.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $134.50.

Duke Energy Price Performance

NYSE:DUK opened at $121.23 on Friday. The company’s 50-day moving average is $118.17 and its two-hundred day moving average is $121.51. 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 cap of $94.28 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 2.63 and a beta of 0.50. Duke Energy Corporation has a 12-month low of $110.51 and a 12-month high of $130.03.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.51 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, February 13th. Duke Energy’s dividend payout ratio (DPR) is 66.98%.

Insider Activity at Duke Energy

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total value of $1,015,160.00. Following the transaction, the executive vice president directly owned 11,367 shares in the company, valued at $1,407,234.60. This trade represents a 41.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

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.