Duke Energy (NYSE:DUK) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Duke Energy Co. (NYSE:DUK). In a filing disclosed on December 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Duke Energy stock on December 24th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Gilead Sciences (NASDAQ:GILD) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 12/24/2024.

Duke Energy Price Performance

DUK stock opened at $107.71 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The business has a 50-day simple moving average of $112.67 and a two-hundred day simple moving average of $111.35. The company has a market capitalization of $83.20 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 2.90 and a beta of 0.47. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts expect that Duke Energy Co. will post 5.95 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were issued a $1.045 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.88%. Duke Energy’s dividend payout ratio is presently 76.84%.

Analysts Set New Price Targets

DUK has been the topic of a number of research analyst reports. Jefferies Financial Group began coverage on Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price on the stock. BMO Capital Markets boosted their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Scotiabank raised their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average price target of $122.23.

Hedge Funds Weigh In On Duke Energy

A number of large investors have recently modified their holdings of DUK. Pathway Financial Advisers LLC raised its stake in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. Groupama Asset Managment bought a new stake in Duke Energy in the third quarter worth $2,537,000. Zimmer Partners LP purchased a new stake in Duke Energy during the third quarter valued at about $166,263,000. International Assets Investment Management LLC increased its holdings in shares of Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after buying an additional 1,117,526 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.