Duke Energy Corporation $DUK Shares Newly Purchased by R Squared Ltd

R Squared Ltd acquired a new position in shares of Duke Energy Corporation (NYSE:DUK) in the 3rd quarter, Holdings Channel reports. The fund acquired 5,704 shares of the utilities provider’s stock, valued at approximately $650,000.

Other institutional investors also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. raised its position in Duke Energy by 1.2% during the second quarter. Ables Iannone Moore & Associates Inc. now owns 6,623 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 80 shares in the last quarter. NBH Bank boosted its holdings in shares of Duke Energy by 1.7% in the 3rd quarter. NBH Bank now owns 4,827 shares of the utilities provider’s stock worth $550,000 after purchasing an additional 81 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of Duke Energy by 1.3% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 6,448 shares of the utilities provider’s stock valued at $735,000 after buying an additional 82 shares in the last quarter. NovaPoint Capital LLC lifted its position in Duke Energy by 0.7% in the 3rd quarter. NovaPoint Capital LLC now owns 12,551 shares of the utilities provider’s stock worth $1,431,000 after buying an additional 84 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its position in Duke Energy by 1.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 7,617 shares of the utilities provider’s stock worth $964,000 after buying an additional 85 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Duke Energy

In other news, EVP Bonnie Titone sold 2,900 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $128.00, for a total transaction of $371,200.00. Following the completion of the transaction, the executive vice president directly owned 26,111 shares in the company, valued at $3,342,208. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is owned by insiders.

Latest Duke Energy News

Investors following DUK have been watching these news items:

• Neutral Sentiment: Duke reached an agreement in North Carolina on customer protections for data-center power costs. The agreement may help address concerns about shifting costs to other customers, though the details and financial impact are not provided. Duke Energy reaches North Carolina data-center protections agreement
• Negative Sentiment: Florida regulators rejected Duke Energy Florida’s proposal for handling data-center-related costs, citing ratepayer protections. This creates uncertainty about cost recovery and how the utility can serve large new customers. Florida regulators reject Duke Energy data-center plan
• Negative Sentiment: Duke’s push for additional North Carolina natural-gas plants to serve growing data-center demand is facing opposition, raising potential political, permitting and planning risks. Opposition to Duke Energy’s North Carolina gas-plant plans

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DUK shares. BMO Capital Markets lowered their price objective on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Thursday, October 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $121.00 target price on shares of Duke Energy in a research report on Monday, October 12th. KeyCorp lowered their price target on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of Duke Energy from $137.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.19.

Duke Energy Stock Down 0.1%

Shares of NYSE:DUK opened at $128.59 on Friday. The stock’s 50-day moving average is $120.51 and its 200 day moving average is $124.71. The company has a market cap of $100.27 billion, a PE ratio of 18.80, a P/E/G ratio of 3.00 and a beta of 0.33. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.68 and a quick ratio of 0.44. Duke Energy Corporation has a 1 year low of $112.40 and a 1 year high of $134.49.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.13. The business had revenue of $9.10 billion for the quarter, compared to analysts’ expectations of $8.91 billion. Duke Energy had a return on equity of 9.82% and a net margin of 15.94%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.81 EPS. Sell-side analysts anticipate that Duke Energy Corporation will post 6.73 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be paid a $1.0850 dividend. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s dividend payout ratio is currently 63.45%.

Duke Energy Company Profile

Duke Energy is a U.S. energy company focused primarily on regulated electric utilities and natural gas distribution. Its businesses generate, transmit and distribute electricity, and provide natural gas service to residential, commercial and industrial customers. The company serves electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its natural gas distribution operations serve customers in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.