MGO One Seven LLC boosted its stake in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 16.0% in the fourth quarter, Holdings Channel reports. The fund owned 38,448 shares of the utilities provider’s stock after purchasing an additional 5,295 shares during the period. MGO One Seven LLC’s holdings in Duke Energy were worth $4,506,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of DUK. Brighton Jones LLC lifted its holdings in shares of Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after buying an additional 700 shares during the period. Empowered Funds LLC lifted its holdings in shares of Duke Energy by 19.6% in the 1st quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock valued at $2,825,000 after buying an additional 3,797 shares during the period. Schnieders Capital Management LLC. lifted its holdings in shares of Duke Energy by 1.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock valued at $3,686,000 after buying an additional 315 shares during the period. AXA S.A. lifted its holdings in shares of Duke Energy by 523.4% in the 2nd quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock valued at $4,983,000 after buying an additional 35,458 shares during the period. Finally, Nebula Research & Development LLC acquired a new stake in shares of Duke Energy in the 2nd quarter valued at approximately $954,000. 65.31% of the stock is owned by institutional investors and hedge funds.
Duke Energy Stock Performance
NYSE DUK opened at $124.10 on Friday. Duke Energy Corporation has a 1-year low of $111.22 and a 1-year high of $134.49. The company has a market capitalization of $96.75 billion, a P/E ratio of 19.01 and a beta of 0.41. The business has a 50 day moving average price of $129.72 and a 200 day moving average price of $124.21. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.33.
Duke Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Friday, May 15th will be paid a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th. Duke Energy’s dividend payout ratio (DPR) is presently 65.24%.
Key Duke Energy News
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy reported better-than-expected quarterly results recently, with EPS topping estimates and revenue coming in above forecasts, which supports the stock’s longer-term fundamentals. Duke Energy Corporation Just Beat EPS By 13%: Here’s What Analysts Think Will Happen Next
- Positive Sentiment: The company declared a quarterly dividend of $1.065 per share, reinforcing its appeal as a defensive income stock for investors seeking stable cash returns. Duke Energy announces dividend payments to shareholders
- Positive Sentiment: Wall Street coverage remains broadly constructive, with one recent analysis asking whether analysts are bullish on Duke Energy, suggesting the stock still has support from the sell side. Are Wall Street Analysts Bullish on Duke Energy Stock?
- Neutral Sentiment: BMO Capital Markets trimmed its price target slightly to $138 from $139, a modest change that does not materially alter the positive valuation outlook. BMO Capital adjusts price target on Duke Energy to $138 from $139
- Negative Sentiment: Political and regulatory scrutiny remains a drag, including protests linking Duke Energy to climate and governance concerns in North Carolina. Climate activists block governor’s mansion, call Stein ‘complicit’ with Duke Energy
- Negative Sentiment: News about a $90.5 million refund tied to storm-cost over-collection in Florida highlights ongoing customer and regulatory backlash that could pressure sentiment around future rate decisions. Duke Energy Florida customers to receive $90.5 million refund after storm cost over-collection
Wall Street Analyst Weigh In
Several analysts have recently commented on DUK shares. Jefferies Financial Group raised their price target on Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Capitol Sec Mgt cut Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research note on Monday, May 4th. Finally, Royal Bank Of Canada dropped their price objective on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and a consensus price target of $140.67.
Check Out Our Latest Stock Analysis on Duke Energy
Insider Buying and Selling at Duke Energy
In other Duke Energy news, SVP Regis T. Repko sold 962 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the completion of the transaction, the senior vice president owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. This trade represents a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Louis E. Renjel sold 6,800 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total value 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. The disclosure for this sale is available in the SEC filing. Company insiders own 0.12% of the company’s stock.
About Duke Energy
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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