Duke Energy Corporation $DUK Shares Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC increased its holdings in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 24.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,692 shares of the utilities provider’s stock after purchasing an additional 5,212 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Duke Energy were worth $3,043,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Atlas Wealth Partners LLC lifted its holdings in shares of Duke Energy by 4.4% in the third quarter. Atlas Wealth Partners LLC now owns 4,132 shares of the utilities provider’s stock worth $471,000 after buying an additional 175 shares in the last quarter. M Holdings Securities Inc. grew its stake in Duke Energy by 1.2% during the third quarter. M Holdings Securities Inc. now owns 30,244 shares of the utilities provider’s stock valued at $3,625,000 after acquiring an additional 367 shares in the last quarter. Shepherd Financial Partners LLC grew its stake in Duke Energy by 0.6% during the third quarter. Shepherd Financial Partners LLC now owns 27,492 shares of the utilities provider’s stock valued at $3,134,000 after acquiring an additional 171 shares in the last quarter. Brighton Jones LLC increased its holdings in Duke Energy by 48.5% in the 3rd quarter. Brighton Jones LLC now owns 12,770 shares of the utilities provider’s stock valued at $1,456,000 after acquiring an additional 4,171 shares during the last quarter. Finally, Cullinan Associates Inc. increased its holdings in Duke Energy by 10.1% in the 3rd quarter. Cullinan Associates Inc. now owns 40,668 shares of the utilities provider’s stock valued at $4,637,000 after acquiring an additional 3,715 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on DUK shares. KeyCorp decreased their price target on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. BMO Capital Markets reduced their target price on Duke Energy from $134.00 to $132.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Truist Financial decreased their target price on Duke Energy from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Jefferies Financial Group reissued a “hold” rating and set a $121.00 price target on shares of Duke Energy in a research note on Monday, October 12th. Finally, Morgan Stanley increased their price target on Duke Energy from $127.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 21st. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.19.

View Our Latest Stock Analysis on Duke Energy

Duke Energy Price Performance

Duke Energy stock opened at $127.91 on Monday. Duke Energy Corporation has a 52-week low of $112.40 and a 52-week high of $134.49. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 1.49. The firm’s fifty day moving average is $119.84 and its 200 day moving average is $124.51. The company has a market cap of $99.73 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.98 and a beta of 0.33.

Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.13. Duke Energy had a net margin of 15.94% and a return on equity of 9.82%. The business had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $8.91 billion. During the same period last year, the company posted $1.81 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts forecast that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be issued a $1.0850 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is presently 63.45%.

Trending Headlines about Duke Energy

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Insider Buying and Selling

In other Duke Energy news, EVP Bonnie Titone sold 2,900 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $128.00, for a total transaction of $371,200.00. Following the sale, the executive vice president directly owned 26,111 shares in the company, valued at $3,342,208. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.12% of the company’s stock.

Duke Energy Profile

(Free Report)

Duke Energy is a U.S. energy company focused primarily on regulated electric utilities and natural gas distribution. Its businesses generate, transmit and distribute electricity, and provide natural gas service to residential, commercial and industrial customers.

The company serves electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its natural gas distribution operations serve customers in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.

Duke Energy’s power generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable resources.

See Also

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

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