15,696 Duke Energy Corporation $DUK Shares Purchased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. grew its position in shares of Duke Energy Corporation (NYSE:DUK) by 34.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,334 shares of the utilities provider’s stock after acquiring an additional 15,696 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Duke Energy were worth $6,993,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in shares of Duke Energy in the 2nd quarter valued at about $605,680,000. Janus Henderson Group PLC grew its holdings in shares of Duke Energy by 5,254.4% during the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock worth $358,227,000 after purchasing an additional 2,684,721 shares during the period. Swiss National Bank increased its position in Duke Energy by 7.1% during the 1st quarter. Swiss National Bank now owns 2,282,341 shares of the utilities provider’s stock worth $298,850,000 after purchasing an additional 151,400 shares in the last quarter. National Pension Service increased its position in Duke Energy by 1.8% during the 2nd quarter. National Pension Service now owns 2,124,004 shares of the utilities provider’s stock worth $268,856,000 after purchasing an additional 36,835 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Duke Energy by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,092,284 shares of the utilities provider’s stock worth $273,979,000 after purchasing an additional 58,967 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on DUK. KeyCorp cut their price target on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. BMO Capital Markets decreased their price objective on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research report on Thursday, October 29th. Finally, HSBC began coverage on shares of Duke Energy in a research note on Thursday, October 22nd. They issued a “hold” rating and a $123.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.19.

Duke Energy News Roundup

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

• Positive Sentiment: Wall Street analysts are described as cautiously optimistic about Duke Energy’s prospects, although the stock has lagged the S&P 500 over the past year. That outlook may support sentiment, but the article does not provide a specific forecast or rating change. Are Wall Street Analysts Predicting Duke Energy Stock Will Climb or Sink?
• Positive Sentiment: Duke Energy Foundation grants to local first-responder agencies offer community-relations benefits, though the story does not indicate a material financial impact. Indiana first-responder grants
• Neutral Sentiment: Davidson County leaders are set to vote on rezoning for a Duke Energy natural-gas facility along the Yadkin River. Approval could advance the project, but the vote is pending and the articles do not report an outcome or quantify its expected financial contribution. Davidson County vote on Duke Energy plant Davidson County rezoning vote
• Negative Sentiment: A news report says a customer’s costly appliance replacements followed a Duke Energy billing mix-up. The case could pose reputational or customer-service concerns, though no broader pattern or material financial exposure is established in the headline. Duke Energy billing mix-up report

Duke Energy Trading Up 0.4%

Shares of DUK opened at $128.26 on Tuesday. The stock’s 50-day moving average is $120.00 and its two-hundred day moving average is $124.55. The stock has a market cap of $100.01 billion, a PE ratio of 19.43, a P/E/G ratio of 3.02 and a beta of 0.33. Duke Energy Corporation has a 12 month low of $112.40 and a 12 month high of $134.49. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 5th. The utilities provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The business had revenue of $9.10 billion during the quarter, compared to analyst estimates of $8.91 billion. During the same quarter last year, the firm earned $1.81 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts forecast that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Friday, November 13th will be issued a $1.0850 dividend. This represents a $4.34 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, November 13th. Duke Energy’s dividend payout ratio is currently 63.45%.

Insiders Place Their Bets

In other Duke Energy news, EVP Bonnie Titone sold 2,900 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $128.00, for a total value of $371,200.00. Following the completion of the sale, the executive vice president owned 26,111 shares of the company’s stock, valued at $3,342,208. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is currently owned by corporate insiders.

Duke Energy Company Profile

Duke Energy is a U.S. energy company focused primarily on regulated electric utilities and natural gas distribution. Its businesses generate, transmit and distribute electricity, and provide natural gas service to residential, commercial and industrial customers.

The company serves electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its natural gas distribution operations serve customers in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.

Duke Energy’s power generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable resources.