31,300 Shares in Duke Energy Corporation $DUK Bought by Andra AP fonden

Andra AP fonden purchased a new stake in Duke Energy Corporation (NYSE:DUK) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 31,300 shares of the utilities provider’s stock, valued at approximately $4,098,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sharp Wealth Advisory LLC raised its stake in Duke Energy by 4.5% during the first quarter. Sharp Wealth Advisory LLC now owns 1,876 shares of the utilities provider’s stock valued at $246,000 after buying an additional 81 shares in the last quarter. Absher Wealth Management LLC grew its position in shares of Duke Energy by 2.3% in the 1st quarter. Absher Wealth Management LLC now owns 3,648 shares of the utilities provider’s stock worth $478,000 after acquiring an additional 81 shares in the last quarter. A4 Wealth Advisors LLC increased its holdings in shares of Duke Energy by 3.3% in the 4th quarter. A4 Wealth Advisors LLC now owns 2,597 shares of the utilities provider’s stock valued at $304,000 after acquiring an additional 82 shares during the last quarter. Elm Partners Management LLC increased its holdings in shares of Duke Energy by 0.9% in the 4th quarter. Elm Partners Management LLC now owns 9,254 shares of the utilities provider’s stock valued at $1,085,000 after acquiring an additional 83 shares during the last quarter. Finally, CYBER HORNET ETFs LLC raised its position in shares of Duke Energy by 4.1% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 2,113 shares of the utilities provider’s stock valued at $261,000 after acquiring an additional 83 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Duke Energy

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

• Positive Sentiment: Duke Energy reached a North Carolina rate settlement that significantly trims the proposed increase, which could improve the outlook for future revenue and reduce uncertainty for investors.
• Positive Sentiment: The company was highlighted as a trending stock, suggesting increased investor attention and trading interest around Duke Energy shares.
• Positive Sentiment: Duke Energy also received coverage tied to dividend growth and data-center demand trends, reinforcing the stock’s appeal as a defensive income name with growth catalysts.
• Neutral Sentiment: Duke Energy awarded $35,000 to West Terre Haute nonprofits, a positive community-relations item but not likely to materially affect the stock price.
• Negative Sentiment: North Carolina officials, including the attorney general, continue to push back on the rate settlement, keeping regulatory scrutiny elevated and leaving some downside risk if approvals become more difficult.
• Negative Sentiment: News that Duke Energy ended a wind lease off the North Carolina coast adds a bit of uncertainty around its clean-energy strategy, though the immediate financial impact appears limited.

Duke Energy Trading Up 1.6%

Shares of NYSE:DUK opened at $127.96 on Thursday. Duke Energy Corporation has a twelve month low of $113.89 and a twelve month high of $134.49. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The firm has a market cap of $99.76 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.77 and a beta of 0.38. The company has a 50 day moving average of $125.00 and a 200-day moving average of $125.67.

Duke Energy (NYSE:DUK) last announced its earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping the consensus estimate of $1.87 by $0.06. The firm had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.76 earnings per share. As a group, analysts anticipate that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a $1.085 dividend. This represents a $4.34 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio is currently 65.24%.

Wall Street Analyst Weigh In

DUK has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Monday, May 4th. Wall Street Zen upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Evercore raised their target price on shares of Duke Energy from $139.00 to $140.00 in a report on Monday, May 11th. Jefferies Financial Group lowered their target price on Duke Energy from $143.00 to $138.00 in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. increased their price target on Duke Energy from $136.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.60.

Insider Activity

In other news, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were 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 in the company, valued at approximately $11,952,205.74. This trade represents a 17.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Louis E. Renjel sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the completion of the sale, the chief executive officer owned 21,415 shares in the company, valued at $2,680,087.25. The trade was a 14.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

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.