Duke Energy Corporation $DUK Shares Purchased by Greystone Financial Group LLC

Greystone Financial Group LLC boosted its holdings in Duke Energy Corporation (NYSE:DUK) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,585 shares of the utilities provider’s stock after buying an additional 6,819 shares during the quarter. Duke Energy makes up about 1.8% of Greystone Financial Group LLC’s holdings, making the stock its 24th largest position. Greystone Financial Group LLC’s holdings in Duke Energy were worth $11,790,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Duke Energy by 11.6% during the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after purchasing an additional 700 shares during the last quarter. Empowered Funds LLC increased its stake in Duke Energy by 19.6% in the first quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock valued at $2,825,000 after purchasing an additional 3,797 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in Duke Energy by 1.0% during the second quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock worth $3,686,000 after purchasing an additional 315 shares in the last quarter. AXA S.A. raised its holdings in Duke Energy by 523.4% during the second quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock worth $4,983,000 after purchasing an additional 35,458 shares in the last quarter. Finally, Nebula Research & Development LLC purchased a new stake in shares of Duke Energy during the 2nd quarter worth approximately $954,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DUK has been the topic of a number of recent analyst reports. Barclays increased their target price on shares of Duke Energy from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. BMO Capital Markets upped their price objective on shares of Duke Energy from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. Mizuho set a $130.00 price objective on Duke Energy in a report on Tuesday, February 10th. Capitol Sec Mgt cut Duke Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Evercore reissued an “in-line” rating and issued a $139.00 target price on shares of Duke Energy in a report on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $140.38.

Duke Energy Stock Down 0.1%

DUK stock opened at $127.88 on Tuesday. The company has a market cap of $99.50 billion, a price-to-earnings ratio of 20.23 and a beta of 0.46. The company has a fifty day moving average price of $129.66 and a 200 day moving average price of $124.16. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.33. Duke Energy Corporation has a 12 month low of $111.22 and a 12 month high of $134.49.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.01. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. During the same period last year, the firm posted $1.66 EPS. Sell-side analysts expect that Duke Energy Corporation will post 6.7 earnings per share for the current year.

Insider Transactions at Duke Energy

In related news, SVP Regis T. Repko sold 962 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the transaction, the senior vice president owned 3,896 shares of the company’s stock, valued at $498,142.56. This trade represents a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $127.67, for a total value of $868,156.00. Following the completion of the transaction, the chief executive officer owned 22,007 shares in the company, valued at $2,809,633.69. This trade represents a 23.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

Duke Energy 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.