SteelPeak Wealth LLC Has $395,000 Stock Holdings in Duke Energy Corporation $DUK

SteelPeak Wealth LLC trimmed its holdings in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 90.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,370 shares of the utilities provider’s stock after selling 33,545 shares during the period. SteelPeak Wealth LLC’s holdings in Duke Energy were worth $395,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after buying an additional 700 shares in the last quarter. Empowered Funds LLC boosted its stake in Duke Energy by 19.6% in the 1st quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock valued at $2,825,000 after buying an additional 3,797 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Duke Energy by 1.0% in the second quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock valued at $3,686,000 after acquiring an additional 315 shares during the period. XTX Topco Ltd acquired a new position in Duke Energy during the second quarter worth $234,000. Finally, CW Advisors LLC raised its stake in Duke Energy by 5.0% during the second quarter. CW Advisors LLC now owns 27,143 shares of the utilities provider’s stock worth $3,080,000 after acquiring an additional 1,294 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reduced 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. Mizuho set a $130.00 price target on shares of Duke Energy in a report on Tuesday, February 10th. Barclays reduced their price target on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Jefferies Financial Group upped their price objective on shares of Duke Energy from $125.00 to $141.00 and gave the stock a “hold” rating in a research note on Tuesday, February 17th. Finally, BTIG Research reaffirmed a “buy” rating and set a $141.00 price objective on shares of Duke Energy in a report on Friday, January 30th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $137.80.

Read Our Latest Research Report on DUK

Insider Activity at Duke Energy

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

Duke Energy Stock Performance

Shares of NYSE:DUK opened at $132.28 on Monday. The business has a fifty day moving average of $127.65 and a 200-day moving average of $123.55. 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 twelve month low of $111.22 and a twelve month high of $134.49. The firm has a market cap of $102.93 billion, a PE ratio of 20.93 and a beta of 0.46.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings results 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. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. The business had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the prior year, the company earned $1.66 EPS. On average, equities research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 13th were paid a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, February 13th. Duke Energy’s dividend payout ratio is 67.41%.

Duke Energy Company 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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