Wealthfront Advisers LLC Purchases 15,527 Shares of Duke Energy Corporation $DUK

Wealthfront Advisers LLC boosted its position in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,842 shares of the utilities provider’s stock after acquiring an additional 15,527 shares during the quarter. Wealthfront Advisers LLC’s holdings in Duke Energy were worth $18,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position 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 acquiring an additional 1,957,592 shares in the last quarter. Northern Trust Corp raised its position in Duke Energy by 0.4% during the third 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 in the last quarter. Franklin Resources Inc. raised its position in Duke Energy by 4.1% during the third quarter. Franklin Resources Inc. now owns 7,281,986 shares of the utilities provider’s stock worth $901,146,000 after acquiring an additional 288,499 shares in the last quarter. Capital Research Global Investors raised its position in shares of Duke Energy by 0.3% in the third quarter. Capital Research Global Investors now owns 5,033,225 shares of the utilities provider’s stock valued at $622,862,000 after purchasing an additional 12,758 shares during the period. Finally, Caisse de depot et placement du Quebec raised its position in shares of Duke Energy by 19.1% in the third quarter. Caisse de depot et placement du Quebec now owns 2,613,595 shares of the utilities provider’s stock valued at $323,432,000 after purchasing an additional 419,992 shares during the period. 65.31% of the stock is owned by institutional investors.

Insider Transactions at Duke Energy

In related news, SVP Regis T. Repko sold 962 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total transaction of $123,001.32. Following the transaction, the senior vice president directly owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. This trade represents a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Louis E. Renjel sold 6,800 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the transaction, the chief executive officer directly owned 22,007 shares in the company, valued at approximately $2,809,633.69. This represents a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.

Duke Energy News Summary

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

Duke Energy Price Performance

NYSE:DUK opened at $127.84 on Wednesday. Duke Energy Corporation has a 52 week low of $111.22 and a 52 week high of $134.49. The firm has a market cap of $99.48 billion, a price-to-earnings ratio of 20.23 and a beta of 0.46. The firm’s 50-day simple moving average is $129.73 and its 200 day simple moving average is $124.24. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.33 and a current ratio of 0.55.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same period last year, the firm earned $1.66 earnings per share. As a group, sell-side analysts predict that Duke Energy Corporation will post 6.7 earnings per share for the current year.

Analysts Set New Price Targets

DUK has been the topic of several research analyst reports. Mizuho set a $130.00 price objective on shares of Duke Energy in a research report on Tuesday, February 10th. Evercore reissued an “in-line” rating and issued a $139.00 price objective on shares of Duke Energy in a research report on Thursday, March 5th. Wall Street Zen raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Wells Fargo & Company increased their price objective on shares of Duke Energy from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Finally, Jefferies Financial Group increased their price objective on shares of Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $140.25.

Check Out Our Latest Stock Analysis on Duke Energy

Duke Energy Company 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.

See Also

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

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