Duke Energy Corporation $DUK Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC raised its stake in shares of Duke Energy Corporation (NYSE:DUK) by 90.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,374 shares of the utilities provider’s stock after buying an additional 5,408 shares during the period. NewEdge Wealth LLC’s holdings in Duke Energy were worth $1,333,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DUK. Dorato Capital Management purchased a new stake in shares of Duke Energy in the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Duke Energy during the 3rd quarter worth about $27,000. Lodestone Wealth Management LLC purchased a new stake in Duke Energy during the 4th quarter worth about $30,000. Mowery & Schoenfeld Wealth Management LLC raised its stake in Duke Energy by 300.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 280 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in Duke Energy by 13,750.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 277 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Key Duke Energy News

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

• Positive Sentiment: Duke Energy’s recent first-quarter results came in ahead of expectations, with earnings and revenue both topping estimates, while management reaffirmed its full-year guidance and highlighted a large five-year capital plan, additional data-center power agreements, and DOE loan applications that could support long-term growth and customer savings. How Investors Are Reacting To Duke Energy (DUK) Earnings Beat, Massive Capex Plan And DOE Loan Bid
• Positive Sentiment: Hot weather across the Carolinas could boost electricity demand as air conditioners run longer, which may help near-term utility usage and revenue. 90-degree heat on the way: Take these steps now to keep your home comfortable and manage energy use
• Positive Sentiment: Coverage of Duke Energy’s nuclear fleet was constructive, noting record capacity factor performance, which supports the company’s operating reliability and long-term clean-energy strategy. Duke Energy’s Nuclear Playbook: Three Horizons, One Strategy
• Neutral Sentiment: Analysts made only modest target changes, including JPMorgan, UBS, and Jefferies lowering price targets slightly while still implying upside, so the revisions do not appear to signal a major deterioration in the outlook. JPMorgan adjusts price target on Duke Energy
• Negative Sentiment: Recent insider selling by CEO Harry Sideris and CEO Louis E. Renjel may be pressuring sentiment, even though these transactions do not necessarily change Duke Energy’s operating fundamentals. SEC Form 4 filing for CEO share sale

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DUK shares. 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. Mizuho upped their price objective on shares of Duke Energy from $130.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Truist Financial assumed coverage on shares of Duke Energy in a research report on Monday, April 20th. They set a “buy” rating and a $142.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group boosted their price target on Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Insider Transactions at Duke Energy

In other news, CEO Harry K. Sideris sold 20,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the completion of the sale, the chief executive officer directly owned 96,102 shares in the company, valued at $11,952,205.74. This represents a 17.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Regis T. Repko sold 962 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total value of $123,001.32. Following the completion of the transaction, the senior vice president directly owned 3,896 shares in the company, valued at $498,142.56. This trade represents a 19.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 24,462 shares of company stock worth $3,048,426 in the last ninety days. Insiders own 0.12% of the company’s stock.

Duke Energy Trading Down 1.0%

NYSE DUK opened at $123.84 on Thursday. The company has a market cap of $96.55 billion, a P/E ratio of 18.97 and a beta of 0.41. Duke Energy Corporation has a 12 month low of $111.22 and a 12 month high of $134.49. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. The company has a 50-day moving average of $129.26 and a 200-day moving average of $124.10.

Duke Energy (NYSE:DUK) last released its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The business had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period last year, the company earned $1.76 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities analysts predict that Duke Energy Corporation will post 6.7 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be paid a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s payout ratio is currently 65.24%.

Duke Energy Company Profile

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.