Duke Energy Corporation $DUK Shares Sold by Mather Group LLC.

Mather Group LLC. decreased its holdings in Duke Energy Corporation (NYSE:DUKFree Report) by 30.7% in the fourth quarter, Holdings Channel reports. The fund owned 9,852 shares of the utilities provider’s stock after selling 4,358 shares during the period. Mather Group LLC.’s holdings in Duke Energy were worth $1,155,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Pflug Koory LLC grew its position in shares of Duke Energy by 3.0% in the third quarter. Pflug Koory LLC now owns 2,694 shares of the utilities provider’s stock valued at $333,000 after purchasing an additional 79 shares in the last quarter. Cypress Wealth Services LLC lifted its position in Duke Energy by 1.7% during the third quarter. Cypress Wealth Services LLC now owns 5,048 shares of the utilities provider’s stock worth $625,000 after buying an additional 82 shares in the last quarter. EWA LLC boosted its stake in Duke Energy by 3.9% during the third quarter. EWA LLC now owns 2,203 shares of the utilities provider’s stock worth $273,000 after buying an additional 82 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its stake in Duke Energy by 4.6% during the third quarter. Mill Creek Capital Advisors LLC now owns 1,854 shares of the utilities provider’s stock worth $229,000 after buying an additional 82 shares during the last quarter. Finally, CYBER HORNET ETFs LLC grew its holdings in Duke Energy by 4.1% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 2,113 shares of the utilities provider’s stock valued at $261,000 after buying an additional 83 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $130.03 on Friday. The firm has a market cap of $101.18 billion, a PE ratio of 20.57 and a beta of 0.50. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54. Duke Energy Corporation has a 52 week low of $111.22 and a 52 week high of $134.49. The business’s fifty day simple moving average is $126.35 and its 200-day simple moving average is $123.17.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.57 billion. During the same period last year, the company earned $1.66 EPS. Equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 13th were paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, February 13th. Duke Energy’s payout ratio is 67.41%.

Analysts Set New Price Targets

Several research firms have recently commented on DUK. BTIG Research reiterated a “buy” rating and set a $141.00 price target on shares of Duke Energy in a report on Friday, January 30th. The Goldman Sachs Group upped their price objective on shares of Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Wells Fargo & Company raised their price objective on shares of Duke Energy from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Evercore reaffirmed an “in-line” rating and set a $139.00 target price on shares of Duke Energy in a research note on Thursday, March 5th. Finally, Scotiabank increased their price target on shares of Duke Energy from $137.00 to $146.00 and gave the company a “sector outperform” rating in a research note on Tuesday, December 16th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $137.80.

Check Out Our Latest Analysis on DUK

Insider Activity at Duke Energy

In other news, SVP Regis T. Repko sold 962 shares of the company’s 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 transaction, the senior vice president directly owned 3,896 shares in the company, valued at approximately $498,142.56. This represents a 19.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Louis E. Renjel sold 6,800 shares of the 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 $2,809,633.69. The trade was a 23.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

Key Duke Energy News

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About Duke Energy

(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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