Pacer Advisors Inc. lifted its holdings in Duke Energy Corporation (NYSE:DUK – Free Report) by 7.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 70,723 shares of the utilities provider’s stock after acquiring an additional 5,136 shares during the quarter. Pacer Advisors Inc.’s holdings in Duke Energy were worth $8,289,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of the business. Basso Capital Management L.P. purchased a new stake in shares of Duke Energy during the fourth quarter valued at approximately $25,000. Dorato Capital Management purchased a new position in Duke Energy in the fourth quarter worth $26,000. Evolution Wealth Management Inc. grew its stake in Duke Energy by 1,111.1% in 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 during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Duke Energy during the 3rd quarter valued at $27,000. Finally, Triumph Capital Management increased its position 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 purchasing an additional 94 shares during the last quarter. 65.31% of the stock is owned by institutional investors.
Duke Energy Stock Performance
Duke Energy stock opened at $123.84 on Monday. Duke Energy Corporation has a 1-year low of $113.89 and a 1-year high of $134.49. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $96.55 billion, a PE ratio of 18.97 and a beta of 0.39. The firm’s 50 day simple moving average is $125.43 and its 200 day simple moving average is $124.08.
Duke Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Friday, May 15th were given a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, May 15th. Duke Energy’s payout ratio is presently 65.24%.
Insider Transactions at Duke Energy
In other Duke Energy news, 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 value of $438,025.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages recently weighed in on DUK. UBS Group cut their price target on shares of Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. Barclays decreased their price objective on shares of Duke Energy from $143.00 to $134.00 and set an “overweight” rating for the company in a report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Capitol Sec Mgt downgraded shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Truist Financial decreased their price target on shares of Duke Energy from $142.00 to $137.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $138.07.
Read Our Latest Research Report on Duke Energy
Duke Energy News Roundup
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy is being highlighted as one of the large-cap dividend stocks that retirees are quietly buying, reinforcing its appeal as a steady income name for investors looking for yield and defensive cash flow. 3 Stocks Retirees Are Quietly Loading Up on in June
- Positive Sentiment: Another article also grouped Duke Energy with other utility stocks viewed as sources of passive income, which may support investor interest in the stock’s defensive dividend profile. 3 Utility Stocks For Years of Passive Income
- Positive Sentiment: Mizuho lowered its price target on Duke Energy only modestly to $135 from $139 while keeping an outperform rating, suggesting analysts still see upside from current levels. Mizuho PT Lowered to $135 at Mizuho
- Neutral Sentiment: Duke Energy Florida issued a customer energy-use reminder ahead of summer, which is routine utility communications and not likely to materially move the stock. Summer starts June 21: Duke Energy Florida highlights five key appliances to help customers manage energy use
- Neutral Sentiment: Several local outage reports and safety demonstrations are operational headlines that reflect day-to-day utility issues rather than a major change in Duke Energy’s earnings outlook. Duke Energy: Hundreds of customers without power in Greenville County
- Negative Sentiment: Coverage about a regulator sitting out Duke Energy carbon plan decisions and a separate story about a city examining whether to leave the utility add a bit of regulatory and political uncertainty. Pro-coal state regulator won’t participate in Duke Energy Carbon Plan decisions
- Negative Sentiment: Recent trading commentary noted that Duke Energy has been declining more than the broader market, indicating some near-term pressure on shares. Duke Energy (DUK) Declines More Than Market: Some Information for Investors
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.
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