BI Asset Management Fondsmaeglerselskab A S Grows Stake in Duke Energy Corporation $DUK

BI Asset Management Fondsmaeglerselskab A S boosted its stake in Duke Energy Corporation (NYSE:DUKFree Report) by 67.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,448 shares of the utilities provider’s stock after buying an additional 20,714 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Duke Energy were worth $6,367,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Pflug Koory LLC grew its holdings in shares of Duke Energy by 3.0% during the third quarter. Pflug Koory LLC now owns 2,694 shares of the utilities provider’s stock worth $333,000 after buying an additional 79 shares in the last quarter. WealthShield Partners LLC grew its stake in Duke Energy by 0.3% during 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 in the last quarter. Cypress Wealth Services LLC raised its holdings in Duke Energy by 1.7% in the 3rd quarter. Cypress Wealth Services LLC now owns 5,048 shares of the utilities provider’s stock valued at $625,000 after acquiring an additional 82 shares during the last quarter. EWA LLC lifted its stake in Duke Energy by 3.9% in the 3rd quarter. EWA LLC now owns 2,203 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 82 shares in the last quarter. Finally, Private Wealth Asset Management LLC boosted its holdings in shares of Duke Energy by 6.4% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 85 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In other 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 value 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 trade represents a 41.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Trending Headlines about Duke Energy

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Duke Energy Stock Down 1.2%

Duke Energy stock opened at $121.91 on Friday. The company has a market capitalization of $94.80 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.68 and a beta of 0.51. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63. Duke Energy Corporation has a fifty-two week low of $110.51 and a fifty-two week high of $130.03. The firm has a 50 day moving average price of $118.04 and a 200 day moving average price of $121.61.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings data 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. The firm had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 earnings per share. Research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be given a $1.065 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. Duke Energy’s dividend payout ratio (DPR) is currently 66.98%.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of analyst reports. UBS Group reduced their price objective on Duke Energy from $135.00 to $126.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Barclays reduced their price target on Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. The Goldman Sachs Group raised their price objective on shares of Duke Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Mizuho boosted their target price on shares of Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Finally, BMO Capital Markets increased their price target on shares of Duke Energy from $130.00 to $132.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.50.

Read Our Latest Stock Report on Duke Energy

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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