Harbour Investments Inc. Purchases 38,352 Shares of Duke Energy Corporation $DUK

Harbour Investments Inc. boosted its position in Duke Energy Corporation (NYSE:DUK) by 185.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,067 shares of the utilities provider’s stock after purchasing an additional 38,352 shares during the quarter. Harbour Investments Inc.’s holdings in Duke Energy were worth $6,923,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Dorato Capital Management purchased a new stake in shares of Duke Energy in the 4th quarter worth about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Duke Energy during the 3rd quarter valued at about $27,000. Lodestone Wealth Management LLC bought a new stake in Duke Energy during the fourth quarter worth about $30,000. Wiser Advisor Group LLC purchased a new stake in Duke Energy in the third quarter worth about $34,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of Duke Energy by 13,750.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 277 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 96,102 shares in the company, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Louis E. Renjel sold 3,500 shares of the stock in a transaction on 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 in the company, valued at $2,680,087.25. The trade was a 14.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by insiders.

Duke Energy Trading Down 0.5%

Shares of NYSE:DUK opened at $125.08 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. Duke Energy Corporation has a 1 year low of $113.39 and a 1 year high of $134.49. The company has a market cap of $97.51 billion, a P/E ratio of 19.15 and a beta of 0.41. The stock’s fifty day moving average price is $127.96 and its 200-day moving average price is $124.05.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping 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 company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period last year, the company earned $1.76 EPS. Duke Energy’s revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts expect that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th. Duke Energy’s payout ratio is presently 65.24%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DUK shares. BTIG Research reissued a “buy” rating and issued a $141.00 price target on shares of Duke Energy in a research report on Friday, January 30th. The Goldman Sachs Group lifted their price objective on Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Evercore increased their target price on Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. Wells Fargo & Company raised their price target on Duke Energy from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. lowered their price target on Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus 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.