Duke Energy Corporation $DUK Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in Duke Energy Corporation (NYSE:DUKFree Report) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 150,426 shares of the utilities provider’s stock after buying an additional 12,677 shares during the period. Oppenheimer & Co. Inc.’s holdings in Duke Energy were worth $18,615,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Pflug Koory LLC boosted its stake in Duke Energy by 3.0% during the 3rd quarter. Pflug Koory LLC now owns 2,694 shares of the utilities provider’s stock worth $333,000 after purchasing an additional 79 shares during the last quarter. WealthShield Partners LLC boosted its position in Duke Energy by 0.3% during the second quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock worth $3,003,000 after acquiring an additional 80 shares during the last quarter. Cypress Wealth Services LLC grew its stake in Duke Energy by 1.7% during 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 in the last quarter. EWA LLC raised its holdings in Duke Energy by 3.9% in the 3rd quarter. EWA LLC now owns 2,203 shares of the utilities provider’s stock valued at $273,000 after acquiring an additional 82 shares during the last quarter. Finally, Private Wealth Asset Management LLC lifted its stake in Duke Energy by 6.4% in 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 in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of DUK opened at $121.91 on Monday. The firm has a 50-day simple moving average of $118.04 and a two-hundred day simple moving average of $121.63. The stock has a market cap of $94.80 billion, a PE ratio of 19.17, a P/E/G ratio of 2.65 and a beta of 0.51. Duke Energy Corporation has a 1-year low of $110.51 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 for the quarter, topping 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 firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.62 EPS. As a group, analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

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

Insiders Place Their Bets

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 11,367 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DUK shares. Jefferies Financial Group dropped their price target on Duke Energy from $126.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, January 14th. Mizuho upped their target price on Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 27th. BTIG Research reiterated a “buy” rating and set a $141.00 price target on shares of Duke Energy in a report on Friday, January 30th. JPMorgan Chase & Co. dropped their price objective on shares of Duke Energy from $136.00 to $126.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Finally, TD Cowen assumed coverage on shares of Duke Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $143.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.50.

View Our Latest Stock Report on DUK

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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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