Duke Energy Corporation $DUK Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its stake in Duke Energy Corporation (NYSE:DUK) by 37.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,642 shares of the utilities provider’s stock after buying an additional 11,409 shares during the period. Farther Finance Advisors LLC’s holdings in Duke Energy were worth $5,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUK. Vanguard Group Inc. increased 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 valued at $8,934,580,000 after acquiring an additional 1,154,783 shares during the period. Geode Capital Management LLC boosted its stake in Duke Energy by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 18,684,447 shares of the utilities provider’s stock valued at $2,205,070,000 after purchasing an additional 319,001 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in shares of 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 valued at $2,084,917,000 after purchasing an additional 17,515,383 shares during the period. Royal Bank of Canada raised its stake in shares of Duke Energy by 4.9% in the 1st quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock worth $1,088,158,000 after buying an additional 418,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Duke Energy by 0.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 8,691,150 shares of the utilities provider’s stock worth $1,025,244,000 after buying an additional 34,906 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Duke Energy 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 completion of the sale, the executive vice president directly owned 11,367 shares in the company, valued at approximately $1,407,234.60. This trade represents a 41.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

DUK has been the topic of a number of research analyst reports. Mizuho lifted their target price on Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. BTIG Research raised shares of Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. UBS Group cut their target price on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a report on Monday. Finally, Royal Bank Of Canada raised Duke Energy to a “hold” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average price target of $136.50.

Duke Energy Stock Performance

Shares of DUK opened at $116.81 on Wednesday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03. The company has a 50-day moving average of $122.08 and a two-hundred day moving average of $121.25. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40. The stock has a market cap of $90.84 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.68 and a beta of 0.49.

Duke Energy (NYSE:DUK) last posted 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 firm had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.51 billion. During the same quarter last year, the business posted $1.62 EPS. The company’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, November 14th. Duke Energy’s dividend payout ratio 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.