Duke Energy Corporation $DUK Shares Bought by Bcwm LLC

Bcwm LLC increased its position in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 4.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 109,510 shares of the utilities provider’s stock after buying an additional 4,321 shares during the period. Duke Energy makes up 4.1% of Bcwm LLC’s holdings, making the stock its 3rd biggest holding. Bcwm LLC’s holdings in Duke Energy were worth $13,552,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bare Financial Services Inc raised its position in shares of Duke Energy by 211.1% in the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 190 shares in the last quarter. Imprint Wealth LLC bought a new stake in shares of Duke Energy during the 3rd quarter valued at about $39,000. Meeder Asset Management Inc. acquired a new stake in Duke Energy during the third quarter worth approximately $39,000. Anfield Capital Management LLC increased 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 in the last quarter. Finally, Total Investment Management Inc. acquired a new position in Duke Energy in the second quarter valued at approximately $46,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $133.17 on Friday. Duke Energy Corporation has a 52 week low of $111.22 and a 52 week high of $134.12. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54. The business has a 50 day moving average price of $123.95 and a 200-day moving average price of $122.63. The company has a market cap of $103.56 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.50.

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

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be paid a $1.065 dividend. The ex-dividend date is Friday, February 13th. This represents a $4.26 annualized dividend and a dividend yield of 3.2%. Duke Energy’s dividend payout ratio is presently 67.41%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DUK shares. Mizuho set a $130.00 price target on Duke Energy in a report on Tuesday, February 10th. UBS Group boosted their target price on shares of Duke Energy from $136.00 to $140.00 in a research report on Monday, March 9th. Barclays cut their target price on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Duke Energy presently has an average rating of “Hold” and an average target price of $137.80.

Read Our Latest Report on DUK

More Duke Energy News

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Insider Activity

In other Duke Energy news, SVP Regis T. Repko sold 962 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total value of $123,001.32. Following the completion of the sale, the senior vice president directly owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. This represents a 19.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Louis E. Renjel sold 6,800 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $127.67, for a total transaction of $868,156.00. Following the completion of the sale, the chief executive officer owned 22,007 shares of the company’s stock, valued at approximately $2,809,633.69. This trade represents a 23.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Profile

(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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