Rockefeller Capital Management L.P. Purchases 5,494 Shares of Duke Energy Corporation $DUK

Rockefeller Capital Management L.P. lifted its position in Duke Energy Corporation (NYSE:DUK) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 233,089 shares of the utilities provider’s stock after acquiring an additional 5,494 shares during the period. Rockefeller Capital Management L.P.’s holdings in Duke Energy were worth $27,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DUK. Brighton Jones LLC increased its stake in Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 700 shares during the period. Empowered Funds LLC boosted its holdings in Duke Energy by 19.6% during the first quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock valued at $2,825,000 after purchasing an additional 3,797 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Duke Energy by 1.0% in the 2nd 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. raised its holdings in shares of Duke Energy by 523.4% in the 2nd quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock worth $4,983,000 after buying an additional 35,458 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in shares of Duke Energy during the 2nd quarter worth approximately $954,000. 65.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of the stock in a transaction on Monday, May 11th. The stock was 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 approximately $2,680,087.25. This trade represents a 14.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $124.37, for a total value of $2,487,400.00. Following the sale, the chief executive officer owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by company insiders.

Duke Energy Stock Down 0.2%

Shares of NYSE:DUK opened at $123.57 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45. The firm has a market cap of $96.33 billion, a P/E ratio of 18.92 and a beta of 0.39. Duke Energy Corporation has a 12 month low of $113.89 and a 12 month high of $134.49. The company’s 50-day moving average price is $125.24 and its two-hundred day moving average price is $124.11.

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, topping analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. As a group, research analysts forecast that Duke Energy Corporation will post 6.71 EPS for the current fiscal year.

Duke Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on DUK. Jefferies Financial Group decreased their price target on Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. Truist Financial cut their price objective on Duke Energy from $142.00 to $137.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wall Street Zen raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Barclays dropped their target price on shares of Duke Energy from $143.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $138.07.

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.