Rockefeller Capital Management L.P. Has $27.32 Million Holdings in Duke Energy Corporation $DUK

Rockefeller Capital Management L.P. raised its position in shares of Duke Energy Corporation (NYSE:DUK) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,089 shares of the utilities provider’s stock after purchasing an additional 5,494 shares during the period. Rockefeller Capital Management L.P.’s holdings in Duke Energy were worth $27,320,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Basso Capital Management L.P. acquired a new stake in Duke Energy in the fourth quarter valued at approximately $25,000. Dorato Capital Management acquired a new position in shares of Duke Energy during the 4th quarter worth $26,000. Evolution Wealth Management Inc. raised its holdings in shares of 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 in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Duke Energy in the 3rd quarter valued at $27,000. Finally, Triumph Capital Management boosted its holdings in Duke Energy by 68.6% in the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity at Duke Energy

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

Analysts Set New Price Targets

Several equities analysts have commented on DUK shares. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research report on Monday, May 4th. Wall Street Zen upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Capitol Sec Mgt lowered Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. BTIG Research restated a “buy” rating and issued a $139.00 target price on shares of Duke Energy in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.07.

Duke Energy Trading Down 0.2%

Shares of NYSE:DUK opened at $123.57 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. The stock’s 50-day moving average is $125.24 and its 200-day moving average is $124.11. The company has a market cap of $96.33 billion, a P/E ratio of 18.92 and a beta of 0.39. Duke Energy Corporation has a 52-week low of $113.89 and a 52-week high of $134.49.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.76 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th were issued a dividend of $1.065 per share. The ex-dividend date was Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s payout ratio is 65.24%.

Duke Energy Company 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.