Huber Capital Management LLC Buys Shares of 8,217 Duke Energy Corporation $DUK

Huber Capital Management LLC purchased a new position in shares of Duke Energy Corporation (NYSE:DUKFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,217 shares of the utilities provider’s stock, valued at approximately $1,017,000.

Several other hedge funds have also recently modified their holdings of the stock. Laurel Wealth Advisors LLC lifted its stake in shares of Duke Energy by 11,417.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 17,668,789 shares of the utilities provider’s stock worth $2,084,917,000 after acquiring an additional 17,515,383 shares during the period. Vanguard Group Inc. raised its holdings in Duke Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 75,716,783 shares of the utilities provider’s stock worth $8,934,580,000 after purchasing an additional 1,154,783 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Duke Energy in the third quarter valued at about $86,309,000. Assenagon Asset Management S.A. lifted its position in Duke Energy by 448.9% in the third quarter. Assenagon Asset Management S.A. now owns 826,296 shares of the utilities provider’s stock valued at $102,254,000 after purchasing an additional 675,768 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its holdings in Duke Energy by 64.4% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,472,321 shares of the utilities provider’s stock valued at $173,734,000 after purchasing an additional 576,674 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

DUK traded up $1.62 during trading on Friday, reaching $133.44. 260,081 shares of the stock were exchanged, compared to its average volume of 4,480,725. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.33. The company has a market capitalization of $103.77 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.82 and a beta of 0.50. Duke Energy Corporation has a 1 year low of $111.22 and a 1 year high of $133.37. The business’s 50 day moving average price is $123.63 and its two-hundred day moving average price is $122.57.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same quarter last year, the business posted $1.66 earnings per share. As a group, equities research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be given 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 yield of 3.2%. Duke Energy’s payout ratio is presently 67.41%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DUK. Jefferies Financial Group raised their price target on Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. UBS Group increased their price objective on Duke Energy from $136.00 to $140.00 in a research report on Monday. Barclays decreased their target price on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Evercore reaffirmed an “in-line” rating and set a $139.00 price target on shares of Duke Energy in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Duke Energy from $136.00 to $126.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Duke Energy presently has an average rating of “Hold” and an average price target of $137.80.

Read Our Latest Stock Report on Duke Energy

Insider Activity

In other news, SVP Regis T. Repko sold 962 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total value of $123,001.32. Following the sale, the senior vice president directly owned 3,896 shares in the company, valued at $498,142.56. This represents a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Louis E. Renjel sold 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the transaction, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at approximately $2,809,633.69. This trade represents a 23.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by corporate insiders.

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Duke Energy 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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