Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $6.58 Million Position in Duke Energy Corporation $DUK

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in shares of Duke Energy Corporation (NYSE:DUK) by 41.4% in the first quarter, HoldingsChannel.com reports. The fund owned 50,270 shares of the utilities provider’s stock after buying an additional 14,725 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Duke Energy were worth $6,582,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DUK. Basso Capital Management L.P. bought a new stake in Duke Energy during the fourth quarter worth $25,000. Dorato Capital Management bought a new position in shares of Duke Energy in the 4th quarter valued at $26,000. Evolution Wealth Management Inc. raised its holdings in shares of Duke Energy by 1,111.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Duke Energy during the 3rd quarter worth $27,000. Finally, Triumph Capital Management lifted its position in shares of Duke Energy by 68.6% during the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity

In other news, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. This trade represents a 17.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This represents a 14.05% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley boosted their target price on Duke Energy from $132.00 to $136.00 in a research note on Wednesday, June 24th. 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. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research report on Monday, May 4th. Jefferies Financial Group lowered their price target on shares of Duke Energy from $143.00 to $138.00 in a report on Monday, May 11th. Finally, BMO Capital Markets dropped their price target on Duke Energy from $139.00 to $138.00 in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.33.

Duke Energy Trading Up 2.9%

DUK opened at $129.44 on Friday. 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 fifty-two week low of $113.89 and a fifty-two week high of $134.49. The company’s 50 day moving average price is $124.97 and its two-hundred day moving average price is $124.75. The firm has a market capitalization of $100.91 billion, a price-to-earnings ratio of 19.82 and a beta of 0.38.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. Duke Energy’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 earnings per share. As a group, research analysts predict that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently declared 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. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, May 15th. Duke Energy’s dividend payout ratio (DPR) is presently 65.24%.

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.