Park Avenue Securities LLC Has $9.82 Million Holdings in Duke Energy Corporation $DUK

Park Avenue Securities LLC boosted its stake in Duke Energy Corporation (NYSE:DUKFree Report) by 19.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,343 shares of the utilities provider’s stock after purchasing an additional 12,696 shares during the quarter. Park Avenue Securities LLC’s holdings in Duke Energy were worth $9,819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy in the 2nd quarter valued at about $28,000. Mascoma Wealth Management LLC grew its holdings in Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares during the period. Access Investment Management LLC bought a new stake in Duke Energy in the second quarter valued at approximately $31,000. Trifecta Capital Advisors LLC increased its stake in Duke Energy by 2,284.6% in the second quarter. Trifecta Capital Advisors LLC now owns 310 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 297 shares in the last quarter. Finally, Anfield Capital Management LLC raised its holdings in Duke Energy by 2,608.3% in the second quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 313 shares during the period. Institutional investors own 65.31% of the company’s stock.

Trending Headlines about Duke Energy

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Insider Buying and Selling

In other 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 transaction of $1,015,160.00. Following the completion of the transaction, the executive vice president directly owned 11,367 shares in the company, valued at $1,407,234.60. This represents a 41.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Duke Energy Stock Down 1.3%

Shares of Duke Energy stock opened at $116.26 on Thursday. The firm has a market cap of $90.41 billion, a PE ratio of 18.28, a P/E/G ratio of 2.56 and a beta of 0.50. The business’s 50 day simple moving average is $119.82 and its 200 day simple moving average is $121.33. 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 52-week low of $105.20 and a 52-week high of $130.03.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The company had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.51 billion. During the same period last year, the business earned $1.62 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be paid a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, February 13th. Duke Energy’s payout ratio is presently 66.98%.

Wall Street Analyst Weigh In

A number of analysts recently commented on DUK shares. Barclays upped their price objective on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. UBS Group dropped their price target on Duke Energy from $135.00 to $126.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. BTIG Research upgraded Duke Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group increased their target price on Duke Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Scotiabank lifted 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.50.

View Our Latest Research Report on Duke Energy

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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