Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $6.58 Million Stake in Duke Energy Corporation $DUK

Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 41.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,270 shares of the utilities provider’s stock after purchasing an additional 14,725 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Duke Energy were worth $6,582,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Duke Energy by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock worth $9,172,709,000 after purchasing an additional 1,957,592 shares during the period. Geode Capital Management LLC raised its stake in Duke Energy by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 19,292,633 shares of the utilities provider’s stock valued at $2,266,675,000 after buying an additional 230,375 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Duke Energy by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,931,127 shares of the utilities provider’s stock valued at $1,046,818,000 after buying an additional 58,375 shares during the period. Franklin Resources Inc. lifted its position in shares of Duke Energy by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock valued at $965,446,000 after buying an additional 954,907 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Duke Energy by 0.4% during the 3rd quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock worth $960,139,000 after acquiring an additional 31,703 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DUK shares. Barclays dropped their price target on Duke Energy from $143.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, June 18th. JPMorgan Chase & Co. decreased their price objective on shares of Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Mizuho dropped their price objective on shares of Duke Energy from $139.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Truist Financial cut their target price on shares of Duke Energy from $142.00 to $137.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, UBS Group decreased their price target on shares of Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $138.33.

Insider Buying and Selling

In related news, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $124.37, for a total value 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 approximately $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Louis E. Renjel sold 3,500 shares of the stock in a transaction that occurred 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 directly owned 21,415 shares in the company, valued at $2,680,087.25. This represents a 14.05% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by insiders.

Duke Energy Stock Up 2.9%

DUK stock opened at $129.44 on Friday. Duke Energy Corporation has a fifty-two week low of $113.89 and a fifty-two week high of $134.49. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. The stock has a market capitalization of $100.91 billion, a price-to-earnings ratio of 19.82 and a beta of 0.38. The business’s fifty day moving average price is $124.97 and its two-hundred day moving average price is $124.75.

Duke Energy (NYSE:DUK) last announced its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the business posted $1.76 earnings per share. Duke Energy’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts anticipate that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th were issued a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.

About Duke Energy

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.