Mn Services Vermogensbeheer B.V. Grows Stock Holdings in Duke Energy Corporation $DUK

Mn Services Vermogensbeheer B.V. grew its holdings in Duke Energy Corporation (NYSE:DUKFree Report) by 3.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 303,306 shares of the utilities provider’s stock after buying an additional 9,406 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Duke Energy were worth $35,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Duke Energy by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 76,301,165 shares of the utilities provider’s stock valued at $9,442,269,000 after acquiring an additional 584,382 shares during the last quarter. Northern Trust Corp increased its stake in Duke Energy by 0.4% during the third quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock worth $960,139,000 after acquiring an additional 31,703 shares during the last quarter. Franklin Resources Inc. raised its position in Duke Energy by 4.1% during the third quarter. Franklin Resources Inc. now owns 7,281,986 shares of the utilities provider’s stock valued at $901,146,000 after purchasing an additional 288,499 shares during the period. Capital Research Global Investors raised its position in Duke Energy by 0.3% during the third quarter. Capital Research Global Investors now owns 5,033,225 shares of the utilities provider’s stock valued at $622,862,000 after purchasing an additional 12,758 shares during the period. Finally, Caisse de depot et placement du Quebec lifted its stake in shares of Duke Energy by 19.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 2,613,595 shares of the utilities provider’s stock valued at $323,432,000 after purchasing an additional 419,992 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

DUK opened at $131.74 on Tuesday. The business has a fifty day moving average of $126.60 and a 200 day moving average of $123.27. Duke Energy Corporation has a 52-week low of $111.22 and a 52-week high of $134.49. 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 stock has a market cap of $102.51 billion, a P/E ratio of 20.84 and a beta of 0.50.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. The firm had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.57 billion. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. During the same period in the prior year, the business posted $1.66 earnings per share. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 13th were given a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.26 dividend on an annualized basis and a yield of 3.2%. Duke Energy’s payout ratio is 67.41%.

Duke Energy News Summary

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

Insider Buying and Selling at Duke Energy

In related news, CEO Louis E. Renjel sold 6,800 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $127.67, for a total value of $868,156.00. Following the completion of the sale, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at $2,809,633.69. This represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Regis T. Repko sold 962 shares of the stock in a transaction dated 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 owned 3,896 shares in the company, valued at approximately $498,142.56. The trade was a 19.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DUK has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Duke Energy from $136.00 to $126.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Morgan Stanley set a $139.00 price target on Duke Energy in a research report on Friday, February 20th. The Goldman Sachs Group lifted their price objective on shares of Duke Energy from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Jefferies Financial Group increased their target price on shares of Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Finally, Barclays lowered their target price on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.80.

Check Out Our Latest Analysis on Duke Energy

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.

Further Reading

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

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