Themes Management Co LLC Purchases New Shares in Duke Energy Corporation $DUK

Themes Management Co LLC purchased a new stake in Duke Energy Corporation (NYSE:DUK) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 6,488 shares of the utilities provider’s stock, valued at approximately $760,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Harbour Investments Inc. boosted its position in shares of Duke Energy by 185.1% in the 4th quarter. Harbour Investments Inc. now owns 59,067 shares of the utilities provider’s stock valued at $6,923,000 after purchasing an additional 38,352 shares during the period. Global Assets Advisory LLC boosted its position in shares of Duke Energy by 67.6% in the 4th quarter. Global Assets Advisory LLC now owns 2,764 shares of the utilities provider’s stock valued at $324,000 after purchasing an additional 1,115 shares during the period. Tandem Investment Advisors Inc. acquired a new position in shares of Duke Energy in the 4th quarter valued at $322,000. Allstate Corp boosted its position in shares of Duke Energy by 107.0% in the 4th quarter. Allstate Corp now owns 59,097 shares of the utilities provider’s stock valued at $6,927,000 after purchasing an additional 30,543 shares during the period. Finally, MSH Capital Advisors LLC boosted its position in shares of Duke Energy by 1.7% in the 4th quarter. MSH Capital Advisors LLC now owns 14,121 shares of the utilities provider’s stock valued at $1,655,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other news, CEO Louis E. Renjel sold 3,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the completion of the sale, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This trade represents a 14.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $124.37, for a total value of $2,487,400.00. Following the sale, the chief executive officer directly owned 96,102 shares of the company’s stock, valued at $11,952,205.74. This trade represents a 17.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by company insiders.

Duke Energy Stock Up 0.1%

DUK opened at $125.78 on Tuesday. Duke Energy Corporation has a fifty-two week low of $113.39 and a fifty-two week high of $134.49. The business has a 50-day moving average of $128.12 and a 200-day moving average of $124.04. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. The company has a market capitalization of $98.06 billion, a PE ratio of 19.26 and a beta of 0.41.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period last year, the business earned $1.76 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Duke Energy Corporation will post 6.71 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be paid a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is 65.24%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DUK shares. Wells Fargo & Company raised their price objective on Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Evercore raised their price objective on Duke Energy from $139.00 to $140.00 in a research report on Monday, May 11th. JPMorgan Chase & Co. decreased their price objective on Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Barclays raised their price objective on Duke Energy from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $139.07.

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.