Tema Etfs LLC Invests $1.63 Million in Duke Energy Corporation $DUK

Tema Etfs LLC acquired a new position in Duke Energy Corporation (NYSE:DUK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,153 shares of the utilities provider’s stock, valued at approximately $1,628,000.

Several other large investors have also recently made changes to their positions in DUK. Brighton Jones LLC grew its position in shares of Duke Energy by 11.6% during the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 700 shares during the period. Empowered Funds LLC increased its position in Duke Energy by 19.6% in the first quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock worth $2,825,000 after buying an additional 3,797 shares during the last quarter. Centurion Wealth Management LLC raised its stake in shares of Duke Energy by 3.0% in the second quarter. Centurion Wealth Management LLC now owns 2,991 shares of the utilities provider’s stock valued at $353,000 after buying an additional 87 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Duke Energy by 11.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,545 shares of the utilities provider’s stock valued at $300,000 after buying an additional 267 shares during the last quarter. Finally, Capital Asset Advisory Services LLC grew its stake in shares of Duke Energy by 4.7% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 3,496 shares of the utilities provider’s stock worth $416,000 after acquiring an additional 156 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total value of $1,015,160.00. Following the transaction, the executive vice president owned 11,367 shares of the company’s stock, valued at $1,407,234.60. This represents a 41.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Trading Down 0.1%

Duke Energy stock opened at $116.69 on Tuesday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03. The business’s fifty day moving average is $119.37 and its 200 day moving average is $121.37. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40. The stock has a market capitalization of $90.75 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 2.54 and a beta of 0.50.

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

Duke Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on DUK. BMO Capital Markets dropped their price objective on shares of Duke Energy from $138.00 to $136.00 in a report on Monday, November 10th. UBS Group dropped their target price on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. TD Cowen began coverage on Duke Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $143.00 price objective for the company. Cowen began coverage on shares of Duke Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Mizuho upped their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $136.50.

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.