Vanguard Personalized Indexing Management LLC Sells 5,379 Shares of Duke Energy Corporation $DUK

Vanguard Personalized Indexing Management LLC lessened its stake in shares of Duke Energy Corporation (NYSE:DUK) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,481 shares of the utilities provider’s stock after selling 5,379 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Duke Energy were worth $14,473,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in DUK. Dorato Capital Management bought a new stake in shares of Duke Energy during the 4th quarter worth about $26,000. Evolution Wealth Management Inc. boosted its stake in Duke Energy by 1,111.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 200 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in Duke Energy during the 3rd quarter valued at approximately $27,000. Triumph Capital Management boosted its stake in Duke Energy by 68.6% during the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 94 shares during the period. Finally, Cornerstone Financial Management LLC bought a new stake in Duke Energy during the 4th quarter valued at approximately $28,000. Institutional investors own 65.31% of the company’s stock.

More Duke Energy News

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

• Positive Sentiment: Analysts and market commentary are highlighting Duke Energy as a defensive, low-volatility utility pick as inflation jumps and oil prices surge, which can draw investors toward stable dividend names like DUK. 3 Low-Beta Utility Stocks to Buy as Inflation Jumps to Three-Year High
• Positive Sentiment: A Seeking Alpha piece argues Duke Energy could keep rising, reinforcing bullish sentiment around the company’s earnings outlook, utility stability, and rate-driven growth profile. Duke Energy: Why This Utility Could Keep Rising
• Positive Sentiment: Duke Energy received up to $96 million in federal coal plant grants, which could help offset refurbishment costs and support grid reliability without passing as much expense to customers. How Investors Are Reacting To Duke Energy (DUK) Winning US$96 Million In Federal Coal Plant Grants
• Positive Sentiment: Brokerage coverage remains constructive, with Duke Energy carrying an average “Moderate Buy” recommendation. Duke Energy Corporation (NYSE:DUK) Given Average Recommendation of “Moderate Buy” by Brokerages

Insider Buying and Selling

In related news, CEO Louis E. Renjel sold 3,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the completion of the sale, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This trade represents a 14.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the sale, the chief executive officer directly owned 96,102 shares of the company’s stock, valued at $11,952,205.74. This represents a 17.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of several recent analyst reports. UBS Group decreased their target price on Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. Evercore increased their target price on Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. Capitol Sec Mgt downgraded Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. BMO Capital Markets decreased their target price on Duke Energy from $139.00 to $138.00 in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus target price of $138.93.

Duke Energy Trading Down 0.0%

Shares of DUK opened at $124.91 on Monday. Duke Energy Corporation has a 1 year low of $113.66 and a 1 year high of $134.49. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The stock has a 50 day simple moving average of $126.16 and a 200-day simple moving average of $124.02. The stock has a market cap of $97.38 billion, a PE ratio of 19.13 and a beta of 0.39.

Duke Energy (NYSE:DUK) last issued its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the firm posted $1.76 EPS. Duke Energy’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts predict that Duke Energy Corporation will post 6.71 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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

Duke Energy 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.