Bogart Wealth LLC Raises Stock Holdings in Duke Energy Corporation $DUK

Bogart Wealth LLC increased its stake in Duke Energy Corporation (NYSE:DUK) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,762 shares of the utilities provider’s stock after purchasing an additional 4,097 shares during the period. Bogart Wealth LLC’s holdings in Duke Energy were worth $13,848,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DUK. Basso Capital Management L.P. purchased a new position in Duke Energy in the 4th quarter worth approximately $25,000. Dorato Capital Management purchased a new stake in shares of Duke Energy during the 4th quarter valued at $26,000. Evolution Wealth Management Inc. raised its position in shares of Duke Energy by 1,111.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Duke Energy during the 3rd quarter worth $27,000. Finally, Triumph Capital Management grew its position in Duke Energy by 68.6% in the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 94 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of the company’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 transaction of $2,487,400.00. Following the completion of the transaction, the chief executive officer owned 96,102 shares of the company’s stock, valued at $11,952,205.74. This represents a 17.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 completion of the sale, the chief executive officer owned 21,415 shares of the company’s stock, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research note on Monday, May 4th. Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. BMO Capital Markets cut their price objective on Duke Energy from $139.00 to $138.00 in a report on Wednesday, May 6th. BTIG Research reiterated a “buy” rating and set a $139.00 price objective on shares of Duke Energy in a research report on Tuesday, June 2nd. Finally, Truist Financial decreased their price objective on Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.33.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $129.44 on Monday. The stock has a market capitalization of $100.91 billion, a P/E ratio of 19.82 and a beta of 0.38. Duke Energy Corporation has a one year low of $113.89 and a one year 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 business’s 50 day simple moving average is $125.06 and its two-hundred day simple moving average is $124.84.

Duke Energy (NYSE:DUK) last issued its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the business earned $1.76 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. Analysts forecast that Duke Energy Corporation will post 6.71 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th were given a $1.065 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. Duke Energy’s payout ratio is presently 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.