Tradewinds LLC. Invests $3.18 Million in Duke Energy Corporation $DUK

Tradewinds LLC. bought a new stake in Duke Energy Corporation (NYSE:DUK) in the third quarter, Holdings Channel.com reports. The firm bought 25,727 shares of the utilities provider’s stock, valued at approximately $3,184,000.

Several other large investors also recently bought and sold shares of the business. Pflug Koory LLC lifted its stake in Duke Energy by 3.0% in the 3rd quarter. Pflug Koory LLC now owns 2,694 shares of the utilities provider’s stock worth $333,000 after purchasing an additional 79 shares in the last quarter. WealthShield Partners LLC boosted its stake in Duke Energy by 0.3% during the second quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock worth $3,003,000 after buying an additional 80 shares during the last quarter. Cypress Wealth Services LLC raised its holdings in shares of Duke Energy by 1.7% during the 3rd quarter. Cypress Wealth Services LLC now owns 5,048 shares of the utilities provider’s stock worth $625,000 after acquiring an additional 82 shares during the period. Private Wealth Asset Management LLC increased its position in Duke Energy by 6.4% during the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 85 shares during the last quarter. Finally, Blossom Wealth Management boosted its holdings in Duke Energy by 3.5% in the 3rd quarter. Blossom Wealth Management now owns 2,530 shares of the utilities provider’s stock valued at $313,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Activity

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was 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 of the company’s stock, valued at approximately $1,407,234.60. The trade was a 41.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DUK shares. Evercore ISI assumed coverage on Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective on the stock. Cowen started coverage on Duke Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. UBS Group decreased their target price on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. JPMorgan Chase & Co. reduced their price target on shares of Duke Energy from $136.00 to $126.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Finally, Mizuho boosted their target price on Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.56.

Duke Energy Price Performance

Shares of DUK opened at $119.24 on Monday. 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 fifty-two week low of $108.45 and a fifty-two week high of $130.03. The company has a market cap of $92.73 billion, a P/E ratio of 18.75, a PEG ratio of 2.59 and a beta of 0.50. The firm’s 50 day moving average price is $118.94 and its 200 day moving average price is $121.40.

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

Duke Energy Announces Dividend

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

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.