Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New Investment in Duke Energy Corporation $DUK

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Duke Energy Corporation (NYSE:DUK) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 35,545 shares of the utilities provider’s stock, valued at approximately $4,166,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dorato Capital Management bought a new stake in Duke Energy in the fourth quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Duke Energy during the third quarter valued at about $27,000. Lodestone Wealth Management LLC purchased a new position in shares of Duke Energy in the fourth quarter worth about $30,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of Duke Energy by 300.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 280 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Duke Energy by 13,750.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 277 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

More Duke Energy News

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke Energy’s latest earnings call highlighted progress on its large growth plan, reinforcing the company’s long-term earnings and capital investment story. Duke Energy EPS Jumps as Massive Growth Plan Advances

Insider Activity

In related news, CEO Louis E. Renjel sold 3,500 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the sale, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Regis T. Repko sold 962 shares of the firm’s 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 transaction, the senior vice president directly owned 3,896 shares of the company’s stock, valued at $498,142.56. This represents a 19.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,462 shares of company stock worth $3,048,426 in the last quarter. 0.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore raised their price target on Duke Energy from $139.00 to $140.00 in a research report on Monday, May 11th. Jefferies Financial Group dropped their price objective on Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. Wells Fargo & Company raised their target price on shares of Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. UBS Group lowered their price target on shares of Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. Finally, BTIG Research reissued a “buy” rating and set a $141.00 price target on shares of Duke Energy in a research report on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $139.67.

Duke Energy Stock Performance

NYSE:DUK opened at $123.82 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45. The firm’s fifty day simple moving average is $128.42 and its 200 day simple moving average is $124.01. The stock has a market cap of $96.53 billion, a P/E ratio of 18.96 and a beta of 0.41. Duke Energy Corporation has a twelve month low of $113.39 and a twelve month high of $134.49.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping the consensus estimate of $1.87 by $0.06. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 EPS. As a group, research analysts predict that Duke Energy Corporation will post 6.71 EPS for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be given a $1.065 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio is currently 65.24%.

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.