Themes Management Co LLC Makes New $760,000 Investment in Duke Energy Corporation $DUK

Themes Management Co LLC bought a new position in Duke Energy Corporation (NYSE:DUK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,488 shares of the utilities provider’s stock, valued at approximately $760,000.

Several other large investors have also recently added to or reduced their stakes in DUK. Brighton Jones LLC increased its position in Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after buying an additional 700 shares during the period. Empowered Funds LLC increased its position in Duke Energy by 19.6% in the first quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock worth $2,825,000 after buying an additional 3,797 shares during the period. Schnieders Capital Management LLC. increased its holdings in shares of Duke Energy by 1.0% during the second quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock valued at $3,686,000 after purchasing an additional 315 shares during the period. AXA S.A. increased its holdings in shares of Duke Energy by 523.4% during the second quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock valued at $4,983,000 after purchasing an additional 35,458 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in shares of Duke Energy during the second quarter valued at $954,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Trading Up 0.1%

Shares of DUK stock opened at $125.78 on Tuesday. The stock has a 50-day simple moving average of $128.12 and a 200 day simple moving average of $124.04. Duke Energy Corporation has a fifty-two week low of $113.39 and a fifty-two week high of $134.49. The stock has a market capitalization of $98.06 billion, a P/E ratio of 19.26 and a beta of 0.41. 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 announced its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Duke Energy Corporation will post 6.71 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Friday, May 15th will be paid a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. BMO Capital Markets lowered their price target on Duke Energy from $139.00 to $138.00 in a report on Wednesday, May 6th. Mizuho raised their price target on Duke Energy from $130.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Barclays raised their price target on Duke Energy from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. lowered their price target on Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, Jefferies Financial Group lowered their price target on Duke Energy from $143.00 to $138.00 in a report on Monday, May 11th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.07.

Duke Energy Company 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.