Robeco Institutional Asset Management B.V. Purchases 29,217 Shares of Duke Energy Corporation $DUK

Robeco Institutional Asset Management B.V. raised its position in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,287 shares of the utilities provider’s stock after buying an additional 29,217 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Duke Energy were worth $37,779,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new position in shares of Duke Energy during the second quarter valued at approximately $28,000. Mascoma Wealth Management LLC raised its stake in Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after buying an additional 87 shares during the last quarter. Access Investment Management LLC purchased a new stake in shares of Duke Energy in the second quarter worth $31,000. Trifecta Capital Advisors LLC raised its position in shares of Duke Energy by 2,284.6% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 310 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 297 shares during the last quarter. Finally, Anfield Capital Management LLC grew its position in Duke Energy by 2,608.3% during the 2nd quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 313 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Down 1.3%

Duke Energy stock opened at $116.26 on Thursday. The business has a 50-day simple moving average of $119.82 and a two-hundred day simple moving average of $121.33. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $130.03. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 1.54. The company has a market cap of $90.41 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.56 and a beta of 0.50.

Duke Energy (NYSE:DUKGet Free Report) last announced its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 earnings per share. Analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be paid a dividend of $1.065 per share. The ex-dividend date is Friday, February 13th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.7%. Duke Energy’s payout ratio is 66.98%.

Key Duke Energy News

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

Analyst Ratings Changes

Several brokerages have issued reports on DUK. UBS Group decreased their target price on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Barclays increased their target price on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. BTIG Research upgraded Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company raised Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Finally, Scotiabank boosted their target price on Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.50.

View Our Latest Analysis on DUK

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the sale, the executive vice president owned 11,367 shares in the company, valued at approximately $1,407,234.60. This trade represents a 41.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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