Duke Energy Corporation $DUK Shares Purchased by MGO One Seven LLC

by · The Cerbat Gem

MGO One Seven LLC raised its holdings in Duke Energy Corporation (NYSE:DUKFree Report) by 29.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,153 shares of the utilities provider’s stock after buying an additional 7,612 shares during the quarter. MGO One Seven LLC’s holdings in Duke Energy were worth $4,103,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Laurel Wealth Advisors LLC grew its position in Duke Energy by 11,417.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 17,668,789 shares of the utilities provider’s stock worth $2,084,917,000 after purchasing an additional 17,515,383 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Duke Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 75,716,783 shares of the utilities provider’s stock worth $8,934,580,000 after buying an additional 1,154,783 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Duke Energy by 448.9% during the third quarter. Assenagon Asset Management S.A. now owns 826,296 shares of the utilities provider’s stock worth $102,254,000 after buying an additional 675,768 shares during the period. OMERS ADMINISTRATION Corp grew its holdings in shares of Duke Energy by 64.4% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,472,321 shares of the utilities provider’s stock valued at $173,734,000 after buying an additional 576,674 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Duke Energy by 21.1% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,726,823 shares of the utilities provider’s stock valued at $321,765,000 after acquiring an additional 474,325 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

DUK has been the subject of a number of research reports. UBS Group lowered their price target on Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Morgan Stanley set a $126.00 target price on Duke Energy in a report on Tuesday, December 16th. BMO Capital Markets cut their price target on shares of Duke Energy from $138.00 to $136.00 in a report on Monday, November 10th. Evercore ISI initiated coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price target for the company. Finally, Scotiabank upped their price objective on shares of Duke Energy from $137.00 to $146.00 and gave the company a “sector outperform” rating in a report on Tuesday, December 16th. One 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 stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average price target of $136.50.

Get Our Latest Stock Report on Duke Energy

Duke Energy Stock Up 0.5%

Shares of DUK stock opened at $117.32 on Wednesday. Duke Energy Corporation has a twelve month low of $105.61 and a twelve month high of $130.03. The stock has a market cap of $91.23 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.53 and a beta of 0.50. The stock has a 50 day moving average of $119.24 and a 200 day moving average of $121.38. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.51 billion. During the same quarter last year, the company earned $1.62 EPS. The business’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed 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 is Friday, February 13th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.6%. Duke Energy’s dividend payout ratio is 66.98%.

Insider Activity

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’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 sale, the executive vice president directly owned 11,367 shares in the company, valued at $1,407,234.60. This trade represents a 41.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Duke Energy 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

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