Duke Energy Corporation $DUK Shares Purchased by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA boosted its stake in Duke Energy Corporation (NYSE:DUK) by 14.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 65,495 shares of the utilities provider’s stock after purchasing an additional 8,124 shares during the period. GLOBALT Investments LLC GA’s holdings in Duke Energy were worth $7,677,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Duke Energy by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock valued at $9,172,709,000 after purchasing an additional 1,957,592 shares during the last quarter. Northern Trust Corp increased its holdings in Duke Energy by 0.4% in the 3rd quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock valued at $960,139,000 after purchasing an additional 31,703 shares during the last quarter. Franklin Resources Inc. increased its holdings in Duke Energy by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 7,281,986 shares of the utilities provider’s stock valued at $901,146,000 after purchasing an additional 288,499 shares during the last quarter. Capital Research Global Investors increased its holdings in Duke Energy by 0.3% in the 3rd 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 last quarter. Finally, Caisse de depot et placement du Quebec increased its holdings in Duke Energy by 19.1% in the 3rd 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 last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other news, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction on Monday, May 11th. The shares were 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 directly owned 21,415 shares of the company’s stock, valued at approximately $2,680,087.25. The trade was a 14.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Regis T. Repko sold 962 shares of Duke Energy stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 24,462 shares of company stock valued at $3,048,426. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BTIG Research restated a “buy” rating and issued a $141.00 price target on shares of Duke Energy in a research note on Friday, January 30th. Wells Fargo & Company boosted their price target on shares of Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Capitol Sec Mgt downgraded shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Barclays boosted their price target on shares of Duke Energy from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Duke Energy Stock Performance

NYSE:DUK opened at $120.98 on Monday. The company has a market cap of $94.31 billion, a price-to-earnings ratio of 18.53 and a beta of 0.41. The company has a fifty day simple moving average of $128.90 and a two-hundred day simple moving average of $124.03. Duke Energy Corporation has a 52 week low of $113.39 and a 52 week high of $134.49. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUK) last released its quarterly earnings data 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. The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 EPS. As a group, equities analysts anticipate that Duke Energy Corporation will post 6.7 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be given a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, May 15th. Duke Energy’s payout ratio is 65.24%.

Key Stories Impacting Duke Energy

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

• Positive Sentiment: Duke Energy held a groundbreaking ceremony for its Cayuga Energy Complex, signaling continued investment in its generation and infrastructure buildout, which can support future regulated-rate growth. Duke Energy holds a groundbreaking ceremony for their Cayuga Energy Complex
• Positive Sentiment: The company reported that no toxic algae was found at the Lake Norman site after an earlier state finding, which may reduce environmental and reputational concerns. Duke Energy: No toxic algae found at Lake Norman site where state said it was
• Neutral Sentiment: DUK remains a heavily watched stock, with investor attention likely reflecting interest in its defensive utility profile and upcoming rate/regulatory developments. Duke Energy Corporation (DUK) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Reports that Duke Energy’s North Carolina rate-increase hearing was postponed could delay a key catalyst for earnings and cash-flow improvement, but the impact is still uncertain. Duke Energy rate-increase hearing postponed over missed scheduling deadline
• Neutral Sentiment: The company’s claims that a merger will save customers $2.3 billion and news about combining its two North Carolina utilities may help long-term efficiency, but investors are likely waiting to see regulatory details. Duke Energy claims merger to save customers $2.3 billion, double initial estimate
• Negative Sentiment: Questions around North Carolina policy and legal issues tied to Duke Energy’s solar plans could add uncertainty to future capital spending and regulatory approval. Shunning the sunshine? NC order for Duke Energy to hit brakes on solar raises policy, legal questions

Duke Energy Profile

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.