Regis Repko Sells 962 Shares of Duke Energy (NYSE:DUK) Stock

Duke Energy Corporation (NYSE:DUK) SVP Regis Repko sold 962 shares of Duke Energy stock in a transaction that occurred on Tuesday, February 24th. The stock was 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. This represents a 19.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Duke Energy Stock Performance

DUK traded up $0.59 during trading on Wednesday, hitting $129.05. 3,853,769 shares of the company traded hands, compared to its average volume of 4,420,735. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54. The firm has a market cap of $100.36 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 2.77 and a beta of 0.51. The stock’s fifty day moving average is $120.33 and its 200 day moving average is $121.96. Duke Energy Corporation has a one year low of $111.22 and a one year high of $130.03.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 earnings per share 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 business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.57 billion. During the same period in the prior year, the company earned $1.66 earnings per share. As a group, equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be issued a $1.065 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.26 annualized dividend and a yield of 3.3%. Duke Energy’s dividend payout ratio (DPR) is 67.41%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DUK. Jefferies Financial Group increased their target price on shares of Duke Energy from $125.00 to $141.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Wells Fargo & Company cut their price objective on shares of Duke Energy from $126.00 to $115.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. UBS Group reduced their price objective on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Mizuho set a $130.00 target price on shares of Duke Energy in a report on Tuesday, February 10th. Finally, Barclays cut their price target on Duke Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.75.

Hedge Funds Weigh In On Duke Energy

Institutional investors have recently made changes to their positions in the stock. Basso Capital Management L.P. purchased a new position in Duke Energy in the fourth quarter worth $25,000. Dorato Capital Management bought a new stake in Duke Energy during the fourth quarter worth about $26,000. Evolution Wealth Management Inc. boosted its holdings in shares of Duke Energy by 1,111.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Duke Energy during the 3rd quarter valued at about $27,000. Finally, Triumph Capital Management raised its holdings in shares of 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 buying an additional 94 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

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.