Duke Energy Corporation $DUK Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its holdings in Duke Energy Corporation (NYSE:DUKFree Report) by 67.4% during the third quarter, Holdings Channel reports. The institutional investor owned 51,448 shares of the utilities provider’s stock after buying an additional 20,714 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Duke Energy were worth $6,367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DUK. Pflug Koory LLC boosted its holdings in shares of Duke Energy by 3.0% in the 3rd quarter. Pflug Koory LLC now owns 2,694 shares of the utilities provider’s stock valued at $333,000 after buying an additional 79 shares in the last quarter. WealthShield Partners LLC grew its holdings in shares of Duke Energy by 0.3% during the second quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock worth $3,003,000 after purchasing an additional 80 shares during the last quarter. Cypress Wealth Services LLC increased its position in shares of Duke Energy by 1.7% during the third quarter. Cypress Wealth Services LLC now owns 5,048 shares of the utilities provider’s stock worth $625,000 after purchasing an additional 82 shares in the last quarter. EWA LLC lifted its holdings in shares of Duke Energy by 3.9% in the 3rd quarter. EWA LLC now owns 2,203 shares of the utilities provider’s stock valued at $273,000 after purchasing an additional 82 shares during the last quarter. Finally, Private Wealth Asset Management LLC boosted its position in shares of Duke Energy by 6.4% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock valued at $166,000 after purchasing an additional 85 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Down 1.2%

Shares of NYSE DUK opened at $121.91 on Friday. The firm’s 50-day moving average is $118.04 and its two-hundred day moving average is $121.61. The company has a market capitalization of $94.80 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.68 and a beta of 0.51. Duke Energy Corporation has a 12-month low of $110.51 and a 12-month high of $130.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.51 billion. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. Equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be given a $1.065 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. Duke Energy’s payout ratio is currently 66.98%.

Analyst Upgrades and Downgrades

DUK has been the subject of a number of recent research reports. Mizuho increased their price target on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Wells Fargo & Company decreased their target price on shares of Duke Energy from $126.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Scotiabank boosted their price target on Duke Energy from $137.00 to $146.00 and gave the company a “sector outperform” rating in a research report on Tuesday, December 16th. The Goldman Sachs Group increased their price objective on Duke Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada dropped their target price on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, January 23rd. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.50.

Read Our Latest Report on DUK

Duke Energy News Roundup

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

Insider Buying and Selling

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

Duke Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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