Duke Energy Corporation $DUK Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 411,229 shares of the utilities provider’s stock after selling 5,104 shares during the period. Allspring Global Investments Holdings LLC owned about 0.05% of Duke Energy worth $48,295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. apricus wealth LLC raised its holdings in shares of Duke Energy by 2.1% in the 4th quarter. apricus wealth LLC now owns 22,371 shares of the utilities provider’s stock valued at $2,622,000 after buying an additional 460 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in Duke Energy by 3.2% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 303,306 shares of the utilities provider’s stock valued at $35,550,000 after acquiring an additional 9,406 shares during the period. Lantz Financial LLC grew its position in Duke Energy by 2.2% in the 4th quarter. Lantz Financial LLC now owns 6,969 shares of the utilities provider’s stock valued at $817,000 after acquiring an additional 150 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Duke Energy by 4.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 36,443 shares of the utilities provider’s stock worth $4,271,000 after purchasing an additional 1,612 shares during the period. Finally, Beacon Investment Advisory Services Inc. increased its stake in Duke Energy by 2.7% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 59,360 shares of the utilities provider’s stock worth $6,958,000 after purchasing an additional 1,539 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In related news, CEO Louis E. Renjel sold 6,800 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $127.67, for a total value of $868,156.00. Following the transaction, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at $2,809,633.69. This trade represents a 23.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Regis T. Repko sold 962 shares of Duke Energy stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the sale, the senior vice president owned 3,896 shares in the company, valued at $498,142.56. This represents a 19.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Trading Down 0.0%

DUK opened at $130.92 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.33 and a current ratio of 0.55. Duke Energy Corporation has a one year low of $111.22 and a one year high of $134.49. The company has a market cap of $101.87 billion, a P/E ratio of 20.72 and a beta of 0.46. The business’s 50-day simple moving average is $127.06 and its 200-day simple moving average is $123.38.

Duke Energy (NYSE:DUKGet Free Report) last posted its earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.01. The firm had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same quarter in the previous year, the business earned $1.66 earnings per share. As a group, equities research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 13th were issued a $1.065 dividend. The ex-dividend date was Friday, February 13th. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. Duke Energy’s dividend payout ratio is presently 67.41%.

Analysts Set New Price Targets

Several research analysts have recently commented on DUK shares. BMO Capital Markets reissued an “outperform” rating and issued a $136.00 price objective on shares of Duke Energy in a research note on Wednesday, February 11th. Royal Bank Of Canada cut their target price on shares of Duke Energy from $143.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Friday, January 23rd. Wall Street Zen raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Morgan Stanley set a $139.00 price target on shares of Duke Energy in a research note on Friday, February 20th. Finally, UBS Group upped their price objective on Duke Energy from $136.00 to $140.00 in a research report on Monday, March 9th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Duke Energy currently has an average rating of “Hold” and an average price target of $137.80.

Get Our Latest Stock Analysis on DUK

Key Duke Energy News

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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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