Duke Energy Corporation $DUK Shares Purchased by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. boosted its stake in Duke Energy Corporation (NYSE:DUK) by 1,118.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,459 shares of the utilities provider’s stock after acquiring an additional 91,295 shares during the quarter. Reaves W H & Co. Inc.’s holdings in Duke Energy were worth $12,308,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Wesbanco Bank Inc. lifted its position in shares of Duke Energy by 87.4% during the third quarter. Wesbanco Bank Inc. now owns 161,523 shares of the utilities provider’s stock worth $19,989,000 after purchasing an additional 75,311 shares in the last quarter. Midwest Trust Co lifted its holdings in Duke Energy by 0.6% in the 3rd quarter. Midwest Trust Co now owns 129,688 shares of the utilities provider’s stock worth $16,049,000 after buying an additional 830 shares in the last quarter. First National Trust Co boosted its position in Duke Energy by 5.5% in the 3rd quarter. First National Trust Co now owns 16,283 shares of the utilities provider’s stock valued at $2,015,000 after buying an additional 847 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of Duke Energy by 10.2% during the third quarter. Wealthfront Advisers LLC now owns 138,315 shares of the utilities provider’s stock valued at $17,116,000 after acquiring an additional 12,767 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. purchased a new stake in shares of Duke Energy during the third quarter worth about $263,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

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

Analysts Set New Price Targets

A number of brokerages have weighed in on DUK. BTIG Research restated a “buy” rating and set a $141.00 price objective on shares of Duke Energy in a research note on Friday, January 30th. Scotiabank lifted their price target on shares of Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, December 16th. UBS Group reduced their price objective on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Mizuho raised their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, BMO Capital Markets upped their target price on shares of Duke Energy from $130.00 to $132.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.50.

Duke Energy Stock Down 0.1%

Shares of Duke Energy stock opened at $121.77 on Tuesday. The stock has a market capitalization of $94.70 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 2.65 and a beta of 0.51. Duke Energy Corporation has a twelve month low of $110.51 and a twelve month high of $130.03. 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 business’s 50 day simple moving average is $118.06 and its 200-day simple moving average is $121.64.

Duke Energy Announces Dividend

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

Duke Energy Company 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.