Lockheed Martin Investment Management Co. Increases Holdings in Duke Energy Corporation $DUK

Lockheed Martin Investment Management Co. boosted its position in Duke Energy Corporation (NYSE:DUK) by 11.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,630 shares of the utilities provider’s stock after buying an additional 27,820 shares during the quarter. Duke Energy makes up approximately 1.3% of Lockheed Martin Investment Management Co.’s portfolio, making the stock its 20th biggest position. Lockheed Martin Investment Management Co.’s holdings in Duke Energy were worth $33,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DUK. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy during the 2nd quarter valued at $28,000. Mascoma Wealth Management LLC lifted its stake in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 87 shares during the last quarter. Access Investment Management LLC purchased a new stake in Duke Energy during the 2nd quarter valued at about $31,000. Trifecta Capital Advisors LLC grew its position in Duke Energy by 2,284.6% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 310 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 297 shares during the last quarter. Finally, Anfield Capital Management LLC increased its stake in Duke Energy by 2,608.3% in the 2nd quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 313 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DUK has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on shares of Duke Energy from $126.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday. The Goldman Sachs Group raised their price target on shares of Duke Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Evercore ISI started coverage on shares of Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. Royal Bank Of Canada upgraded shares of Duke Energy to a “hold” rating in a report on Tuesday, October 28th. Finally, UBS Group reduced their price target on Duke Energy from $135.00 to $126.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.13.

Insider Buying and Selling at Duke Energy

In other news, EVP Robert Alexander Glenn sold 8,200 shares of Duke Energy stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the completion of the transaction, the executive vice president directly owned 11,367 shares in the company, valued at approximately $1,407,234.60. This trade represents a 41.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Trading Down 1.4%

DUK opened at $117.66 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 1.54. Duke Energy Corporation has a 52 week low of $108.68 and a 52 week high of $130.03. The stock has a market cap of $91.50 billion, a PE ratio of 18.50, a PEG ratio of 2.59 and a beta of 0.50. The business has a 50 day moving average of $118.58 and a 200-day moving average of $121.38.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter in the prior year, the company earned $1.62 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be issued a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, February 13th. Duke Energy’s dividend payout ratio is 66.98%.

About Duke Energy

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.