Duke Energy Corporation $DUK Shares Purchased by Wesbanco Bank Inc.

Wesbanco Bank Inc. raised its position in Duke Energy Corporation (NYSE:DUK) by 87.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,523 shares of the utilities provider’s stock after buying an additional 75,311 shares during the period. Wesbanco Bank Inc.’s holdings in Duke Energy were worth $19,989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Duke Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 75,716,783 shares of the utilities provider’s stock valued at $8,934,580,000 after purchasing an additional 1,154,783 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Duke Energy by 1.7% in the second quarter. Geode Capital Management LLC now owns 18,684,447 shares of the utilities provider’s stock worth $2,205,070,000 after buying an additional 319,001 shares during the last quarter. Laurel Wealth Advisors LLC raised its holdings in Duke Energy by 11,417.7% in the second quarter. Laurel Wealth Advisors LLC now owns 17,668,789 shares of the utilities provider’s stock valued at $2,084,917,000 after acquiring an additional 17,515,383 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Duke Energy by 0.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 8,691,150 shares of the utilities provider’s stock valued at $1,025,244,000 after acquiring an additional 34,906 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Duke Energy by 3.5% during the 2nd quarter. Legal & General Group Plc now owns 6,338,489 shares of the utilities provider’s stock worth $747,942,000 after acquiring an additional 216,541 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Down 0.1%

Shares of Duke Energy stock opened at $121.77 on Tuesday. Duke Energy Corporation has a 1-year low of $110.51 and a 1-year high of $130.03. The company has a market capitalization of $94.70 billion, a P/E ratio of 19.15, a PEG ratio of 2.65 and a beta of 0.51. The business’s fifty day moving average price is $118.06 and its two-hundred day moving average price is $121.64. 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 Dividend Announcement

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 paid a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.26 annualized dividend and a yield of 3.5%. Duke Energy’s dividend payout ratio (DPR) is currently 66.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DUK shares. Morgan Stanley restated an “underperform” rating and issued a $130.00 target price on shares of Duke Energy in a research note on Wednesday, January 21st. JPMorgan Chase & Co. cut their price objective on Duke Energy from $136.00 to $126.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Barclays reduced their target price on Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Jefferies Financial Group lowered their price target on Duke Energy from $126.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, January 14th. Finally, The Goldman Sachs Group raised their price objective on Duke Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Eleven 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. According to data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.50.

Insider Transactions at Duke Energy

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 value of $1,015,160.00. Following the sale, the executive vice president directly owned 11,367 shares in the company, valued at approximately $1,407,234.60. The trade was a 41.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

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.