Fideuram Asset Management Ireland dac Buys New Position in Duke Energy Corporation $DUK

Fideuram Asset Management Ireland dac bought a new stake in Duke Energy Corporation (NYSE:DUKFree Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 10,829 shares of the utilities provider’s stock, valued at approximately $1,265,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Applied Finance Capital Management LLC bought a new position in shares of Duke Energy in the third quarter worth approximately $1,046,000. Oppenheimer & Co. Inc. grew its holdings in shares of Duke Energy by 9.2% in the third quarter. Oppenheimer & Co. Inc. now owns 150,426 shares of the utilities provider’s stock worth $18,615,000 after purchasing an additional 12,677 shares during the last quarter. Reaves W H & Co. Inc. grew its holdings in shares of Duke Energy by 1,118.3% in the third quarter. Reaves W H & Co. Inc. now owns 99,459 shares of the utilities provider’s stock worth $12,308,000 after purchasing an additional 91,295 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of Duke Energy by 51.9% in the third quarter. AE Wealth Management LLC now owns 49,068 shares of the utilities provider’s stock worth $6,072,000 after purchasing an additional 16,772 shares during the last quarter. Finally, Keybank National Association OH grew its holdings in shares of Duke Energy by 13.4% in the third quarter. Keybank National Association OH now owns 371,248 shares of the utilities provider’s stock worth $45,942,000 after purchasing an additional 43,925 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Duke Energy

In other news, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the sale, the chief executive officer owned 96,102 shares in the company, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Louis E. Renjel sold 3,500 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,680,087.25. This represents a 14.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.

More Duke Energy News

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on DUK shares. BMO Capital Markets cut their target price on shares of Duke Energy from $139.00 to $138.00 in a report on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Jefferies Financial Group cut their target price on shares of Duke Energy from $143.00 to $138.00 in a report on Monday, May 11th. Wall Street Zen upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Mizuho raised their target price on shares of Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.07.

Read Our Latest Analysis on Duke Energy

Duke Energy Stock Performance

NYSE:DUK opened at $122.62 on Friday. The stock has a market cap of $95.59 billion, a P/E ratio of 18.78 and a beta of 0.41. The firm’s fifty day simple moving average is $127.44 and its 200 day simple moving average is $124.04. Duke Energy Corporation has a twelve month low of $113.39 and a twelve month high of $134.49. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUKGet Free Report) last posted its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share 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 firm had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the prior year, the business earned $1.76 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, research analysts predict that Duke Energy Corporation will post 6.71 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Friday, May 15th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, May 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. Duke Energy’s payout ratio is currently 65.24%.

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.

Featured Articles

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUKFree Report).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.