Exchange Traded Concepts LLC Purchases 62,628 Shares of Duke Energy Corporation $DUK

Exchange Traded Concepts LLC boosted its position in Duke Energy Corporation (NYSE:DUKFree Report) by 22.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 345,692 shares of the utilities provider’s stock after buying an additional 62,628 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Duke Energy were worth $42,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. WealthShield Partners LLC raised its stake in Duke Energy by 0.3% in the 2nd quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock valued at $3,003,000 after acquiring an additional 80 shares during the period. Private Wealth Asset Management LLC raised its position in shares of Duke Energy by 6.4% in the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock valued at $166,000 after purchasing an additional 85 shares during the period. Sentry LLC lifted its stake in shares of Duke Energy by 4.9% during the 2nd quarter. Sentry LLC now owns 1,831 shares of the utilities provider’s stock valued at $216,000 after buying an additional 86 shares in the last quarter. Centurion Wealth Management LLC boosted its holdings in Duke Energy by 3.0% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,991 shares of the utilities provider’s stock worth $353,000 after buying an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC grew its stake in Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy News Roundup

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

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Monday, December 15th. Evercore ISI assumed coverage on Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 target price for the company. The Goldman Sachs Group upped their price target on Duke Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, BMO Capital Markets decreased their target price on shares of Duke Energy from $138.00 to $136.00 in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.50.

Read Our Latest Analysis on DUK

Insiders Place Their Bets

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of Duke Energy 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 sale, the executive vice president owned 11,367 shares of the company’s stock, valued at $1,407,234.60. The trade was a 41.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

Duke Energy Stock Performance

Shares of DUK opened at $115.57 on Monday. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 1.54. The company has a market cap of $89.88 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. The stock has a 50-day moving average price of $122.49 and a 200-day moving average price of $121.23.

Duke Energy (NYSE:DUKGet Free Report) last announced its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, beating 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 the consensus estimate of $8.51 billion. During the same period last year, the firm posted $1.62 earnings per share. Duke Energy’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Friday, November 14th were paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, November 14th. Duke Energy’s dividend payout ratio is currently 66.98%.

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.

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

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