Greystone Financial Group LLC Grows Stock Holdings in Duke Energy Corporation $DUK

Greystone Financial Group LLC grew its position in shares of Duke Energy Corporation (NYSE:DUK) by 12.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 93,766 shares of the utilities provider’s stock after acquiring an additional 10,580 shares during the quarter. Duke Energy makes up about 1.8% of Greystone Financial Group LLC’s holdings, making the stock its 24th biggest holding. Greystone Financial Group LLC’s holdings in Duke Energy were worth $11,604,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Duke Energy by 1.5% in the second quarter. Vanguard Group Inc. now owns 75,716,783 shares of the utilities provider’s stock worth $8,934,580,000 after buying an additional 1,154,783 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Duke Energy by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 18,684,447 shares of the utilities provider’s stock worth $2,205,070,000 after acquiring an additional 319,001 shares during the last quarter. Laurel Wealth Advisors LLC boosted 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 valued at $2,084,917,000 after purchasing an additional 17,515,383 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Duke Energy by 0.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 8,691,150 shares of the utilities provider’s stock valued at $1,025,244,000 after purchasing an additional 34,906 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Duke Energy by 3.5% in the 2nd quarter. Legal & General Group Plc now owns 6,338,489 shares of the utilities provider’s stock worth $747,942,000 after purchasing an additional 216,541 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Robert Alexander Glenn sold 8,200 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the completion of the transaction, the executive vice president directly owned 11,367 shares of the company’s stock, valued at $1,407,234.60. This represents a 41.91% 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. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DUK shares. The Goldman Sachs Group upped their price target on shares of Duke Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Barclays raised their price target on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Jefferies Financial Group cut their target price on shares of Duke Energy from $138.00 to $126.00 and set a “hold” rating on the stock in a report on Monday, December 8th. Finally, TD Cowen started coverage on shares of Duke Energy in a report on Thursday, October 16th. They set a “buy” rating and a $143.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.50.

Duke Energy Price Performance

Shares of DUK stock opened at $117.40 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $130.03. The firm has a market cap of $91.29 billion, a P/E ratio of 18.46, a P/E/G ratio of 2.55 and a beta of 0.50. The business’s 50 day moving average price is $120.35 and its 200-day moving average price is $121.34.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 9.98% and a net margin of 15.76%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 earnings per share. On average, equities research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th were paid a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.6%. Duke Energy’s payout ratio is presently 66.98%.

About Duke Energy

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.