National Pension Service Has $241.22 Million Holdings in Duke Energy Corporation $DUK

National Pension Service increased its stake in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,057,991 shares of the utilities provider’s stock after purchasing an additional 7,480 shares during the period. National Pension Service owned approximately 0.26% of Duke Energy worth $241,217,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Dorato Capital Management acquired a new position in Duke Energy in the fourth quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Duke Energy in the third quarter valued at about $27,000. Lodestone Wealth Management LLC acquired a new position in shares of Duke Energy during the fourth quarter worth about $30,000. Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of Duke Energy by 300.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 280 shares of the utilities provider’s stock worth $33,000 after buying an additional 210 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in shares of Duke Energy by 13,750.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 277 shares of the utilities provider’s stock worth $33,000 after buying an additional 275 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Duke Energy

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 21,415 shares in the company, valued at $2,680,087.25. This represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Harry K. Sideris sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer owned 96,102 shares in the company, valued at $11,952,205.74. This represents a 17.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by corporate insiders.

Duke Energy News Roundup

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

Duke Energy Price Performance

NYSE:DUK opened at $122.62 on Friday. 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 stock’s 50 day moving average price is $127.44 and its two-hundred day moving average price is $124.04. The firm has a market capitalization of $95.59 billion, a price-to-earnings ratio of 18.78 and a beta of 0.41. Duke Energy Corporation has a 12-month low of $113.39 and a 12-month high of $134.49.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.06. The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 earnings per share. On average, analysts anticipate that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be paid a $1.065 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.26 annualized dividend and a yield of 3.5%. Duke Energy’s dividend payout ratio is currently 65.24%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BMO Capital Markets reduced their price objective on Duke Energy from $139.00 to $138.00 in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Mizuho upped their price objective on Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group upped their price objective on Duke Energy from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company upped their price objective on Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.07.

Read Our Latest Report on Duke Energy

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.

Further Reading

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

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