Corsicana & Co. Acquires New Position in Duke Energy Corporation $DUK

Corsicana & Co. bought a new position in shares of Duke Energy Corporation (NYSE:DUKFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,084 shares of the utilities provider’s stock, valued at approximately $753,000.

Other large investors also recently made changes to their positions in the company. Activest Wealth Management grew its stake in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares during the period. Legacy Investment Solutions LLC bought a new position in Duke Energy during the second quarter worth about $28,000. Mascoma Wealth Management LLC grew its position in shares of Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after buying an additional 87 shares during the period. Access Investment Management LLC bought a new stake in shares of Duke Energy in the 2nd quarter valued at about $31,000. Finally, Saudi Central Bank acquired a new stake in shares of Duke Energy in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the subject of several recent analyst reports. Scotiabank upped their target price on shares of Duke Energy from $137.00 to $146.00 and gave the company a “sector outperform” rating in a research note on Tuesday, December 16th. Jefferies Financial Group lowered their price objective on shares of Duke Energy from $138.00 to $126.00 and set a “hold” rating for the company in a research report on Monday, December 8th. BTIG Research upgraded Duke Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Mizuho increased their price target on Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, Evercore ISI assumed coverage on Duke Energy in a report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.50.

Read Our Latest Research Report on DUK

Key Stores Impacting Duke Energy

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

Duke Energy Stock Performance

DUK opened at $115.57 on Friday. The company has a market capitalization of $89.88 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 2.66 and a beta of 0.49. The business’s 50-day moving average price is $122.49 and its two-hundred day moving average price is $121.19. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40.

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

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th were issued a $1.065 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.7%. Duke Energy’s dividend payout ratio (DPR) is 66.98%.

Insider Activity at Duke Energy

In related news, EVP Robert Alexander Glenn sold 8,200 shares of the stock in a transaction on Wednesday, November 19th. The shares were 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 owned 11,367 shares in the company, valued at approximately $1,407,234.60. This represents a 41.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

About Duke Energy

(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.

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

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