Cwm LLC Purchases 23,784 Shares of Duke Energy Corporation $DUK

Cwm LLC lifted its position in Duke Energy Corporation (NYSE:DUK) by 12.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,694 shares of the utilities provider’s stock after acquiring an additional 23,784 shares during the quarter. Cwm LLC’s holdings in Duke Energy were worth $25,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Brighton Jones LLC increased its holdings in shares of Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 700 shares during the period. Ieq Capital LLC raised its holdings in Duke Energy by 50.2% in the first quarter. Ieq Capital LLC now owns 50,472 shares of the utilities provider’s stock worth $6,156,000 after purchasing an additional 16,871 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in Duke Energy by 3.6% in the first quarter. CreativeOne Wealth LLC now owns 11,078 shares of the utilities provider’s stock worth $1,351,000 after purchasing an additional 381 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Duke Energy during the first quarter valued at about $927,000. Finally, Trexquant Investment LP bought a new stake in shares of Duke Energy in the 1st quarter valued at about $4,507,000. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on DUK shares. Cowen initiated coverage on Duke Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a report on Monday. Barclays boosted their price target on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. BMO Capital Markets decreased their price objective on shares of Duke Energy from $138.00 to $136.00 in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Duke Energy from $136.00 to $126.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $136.50.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction on 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. This trade represents a 41.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

Duke Energy stock opened at $117.21 on Friday. The company has a fifty day simple moving average of $121.43 and a 200-day simple moving average of $121.21. The firm has a market capitalization of $91.15 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 2.71 and a beta of 0.49. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 1.54. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $130.03.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. Duke Energy’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 earnings per share. On average, equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th were issued a dividend of $1.065 per share. The ex-dividend date was Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.6%. Duke Energy’s dividend payout ratio (DPR) 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.