Natixis Advisors LLC Boosts Stake in Duke Energy Corporation $DUK

Natixis Advisors LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 5.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 899,135 shares of the utilities provider’s stock after acquiring an additional 47,555 shares during the quarter. Natixis Advisors LLC owned 0.12% of Duke Energy worth $111,268,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC raised its stake in shares of Duke Energy by 11,417.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 17,668,789 shares of the utilities provider’s stock worth $2,084,917,000 after purchasing an additional 17,515,383 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Duke Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 75,716,783 shares of the utilities provider’s stock worth $8,934,580,000 after buying an additional 1,154,783 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Duke Energy during the third quarter valued at about $86,309,000. Assenagon Asset Management S.A. increased its holdings in Duke Energy by 448.9% during the third quarter. Assenagon Asset Management S.A. now owns 826,296 shares of the utilities provider’s stock worth $102,254,000 after buying an additional 675,768 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its holdings in Duke Energy by 64.4% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,472,321 shares of the utilities provider’s stock worth $173,734,000 after buying an additional 576,674 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the transaction, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at approximately $2,809,633.69. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Regis T. Repko sold 962 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total transaction of $123,001.32. Following the transaction, the senior vice president directly owned 3,896 shares in the company, valued at approximately $498,142.56. The trade was a 19.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.14% of the company’s stock.

More Duke Energy News

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

Duke Energy Price Performance

DUK stock opened at $132.53 on Monday. The firm has a 50 day simple moving average of $122.58 and a two-hundred day simple moving average of $122.36. The stock has a market cap of $103.06 billion, a PE ratio of 20.97, a P/E/G ratio of 2.88 and a beta of 0.50. Duke Energy Corporation has a one year low of $111.22 and a one year high of $132.65. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.33.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.49 by $0.01. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same period in the prior year, the company earned $1.66 EPS. On average, analysts predict that Duke Energy Corporation will post 6.33 EPS 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. Investors of record on Friday, February 13th will be paid a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. Duke Energy’s payout ratio is presently 67.41%.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of research reports. BMO Capital Markets reissued an “outperform” rating and set a $136.00 target price on shares of Duke Energy in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Monday, December 29th. Mizuho set a $130.00 price objective on Duke Energy in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reduced their price objective on Duke Energy from $136.00 to $126.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Finally, Morgan Stanley set a $139.00 target price on Duke Energy in a research note on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Hold” and an average price target of $136.87.

Check Out Our Latest Research Report on Duke Energy

Duke Energy Company 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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