Duke Energy Corporation $DUK Shares Purchased by Moseley Investment Management Inc.

Moseley Investment Management Inc. increased its stake in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 423.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,749 shares of the utilities provider’s stock after purchasing an additional 7,887 shares during the period. Moseley Investment Management Inc.’s holdings in Duke Energy were worth $1,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Duke Energy by 0.8% during the third quarter. Vanguard Group Inc. now owns 76,301,165 shares of the utilities provider’s stock worth $9,442,269,000 after purchasing an additional 584,382 shares in the last quarter. Northern Trust Corp grew its stake in shares of Duke Energy by 0.4% in the third quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock valued at $960,139,000 after buying an additional 31,703 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Duke Energy by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 7,281,986 shares of the utilities provider’s stock valued at $901,146,000 after buying an additional 288,499 shares during the period. Capital Research Global Investors raised its holdings in shares of Duke Energy by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 5,033,225 shares of the utilities provider’s stock valued at $622,862,000 after buying an additional 12,758 shares during the period. Finally, Caisse de depot et placement du Quebec lifted its stake in Duke Energy by 19.1% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 2,613,595 shares of the utilities provider’s stock worth $323,432,000 after acquiring an additional 419,992 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other news, SVP Regis T. Repko sold 962 shares of the firm’s stock in a transaction 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 approximately $498,142.56. This trade represents a 19.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Louis E. Renjel sold 6,800 shares of Duke Energy stock in a transaction 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 sale, 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 insiders.

Duke Energy Trading Up 0.0%

DUK opened at $132.28 on Friday. The business has a fifty day moving average price of $127.65 and a 200 day moving average price of $123.53. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.33. Duke Energy Corporation has a 12 month low of $111.22 and a 12 month high of $134.49. The stock has a market capitalization of $102.93 billion, a price-to-earnings ratio of 20.93 and a beta of 0.46.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The company had revenue of $7.94 billion for the quarter, compared to analyst estimates 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 company earned $1.66 EPS. Sell-side analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 13th were issued a $1.065 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.26 annualized dividend and a yield of 3.2%. Duke Energy’s dividend payout ratio (DPR) is 67.41%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DUK. Morgan Stanley set a $139.00 target price on Duke Energy in a report on Friday, February 20th. JPMorgan Chase & Co. reduced their price target on shares of Duke Energy from $136.00 to $126.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. The Goldman Sachs Group raised their price objective on shares of Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Mizuho set a $130.00 target price on shares of Duke Energy in a research note on Tuesday, February 10th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $137.80.

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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.

Further Reading

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

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