Vanguard Personalized Indexing Management LLC Has $14.47 Million Stake in Duke Energy Corporation $DUK

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 123,481 shares of the utilities provider’s stock after selling 5,379 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Duke Energy were worth $14,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dorato Capital Management acquired a new stake in Duke Energy during the 4th quarter valued at $26,000. Evolution Wealth Management Inc. boosted its position in Duke Energy by 1,111.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Duke Energy in the 3rd quarter valued at $27,000. Triumph Capital Management boosted its position in Duke Energy by 68.6% in the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. Finally, Cornerstone Financial Management LLC bought a new position in Duke Energy in the 4th quarter valued at $28,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of DUK opened at $124.91 on Monday. The firm’s 50 day moving average price is $126.16 and its two-hundred day moving average price is $124.02. Duke Energy Corporation has a twelve month low of $113.66 and a twelve month high of $134.49. The firm has a market cap of $97.38 billion, a P/E ratio of 19.13 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) 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 firm had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter last year, the business posted $1.76 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts forecast that Duke Energy Corporation will post 6.71 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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

Key Stories Impacting Duke Energy

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

• Positive Sentiment: Analysts and market commentary are highlighting Duke Energy as a defensive, low-volatility utility pick as inflation jumps and oil prices surge, which can draw investors toward stable dividend names like DUK. 3 Low-Beta Utility Stocks to Buy as Inflation Jumps to Three-Year High
• Positive Sentiment: A Seeking Alpha piece argues Duke Energy could keep rising, reinforcing bullish sentiment around the company’s earnings outlook, utility stability, and rate-driven growth profile. Duke Energy: Why This Utility Could Keep Rising
• Positive Sentiment: Duke Energy received up to $96 million in federal coal plant grants, which could help offset refurbishment costs and support grid reliability without passing as much expense to customers. How Investors Are Reacting To Duke Energy (DUK) Winning US$96 Million In Federal Coal Plant Grants
• Positive Sentiment: Brokerage coverage remains constructive, with Duke Energy carrying an average “Moderate Buy” recommendation. Duke Energy Corporation (NYSE:DUK) Given Average Recommendation of “Moderate Buy” by Brokerages

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DUK. JPMorgan Chase & Co. decreased their price objective on Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Morgan Stanley decreased their price objective on Duke Energy from $141.00 to $132.00 in a research report on Thursday, May 21st. Wells Fargo & Company increased their price objective on Duke Energy from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Truist Financial decreased their price objective on Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Capitol Sec Mgt lowered Duke Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average price target of $138.93.

Insider Activity

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the sale, the chief executive officer owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This trade represents a 14.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $124.37, for a total value 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 $11,952,205.74. This represents a 17.23% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.12% of the company’s stock.

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.