National Pension Service Has $241.22 Million Stake in Duke Energy Corporation $DUK

National Pension Service grew its position in Duke Energy Corporation (NYSE:DUKFree Report) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,057,991 shares of the utilities provider’s stock after purchasing an additional 7,480 shares during the quarter. National Pension Service’s holdings in Duke Energy were worth $241,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dorato Capital Management acquired a new position in shares of Duke Energy in the fourth quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Duke Energy during the third quarter worth approximately $27,000. Lodestone Wealth Management LLC acquired a new stake in Duke Energy during the fourth quarter worth approximately $30,000. Wiser Advisor Group LLC acquired a new stake in Duke Energy during the third quarter worth approximately $34,000. Finally, Cornerstone Planning Group LLC grew its position in Duke Energy by 13,750.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 277 shares of the utilities provider’s stock worth $33,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Louis E. Renjel sold 3,500 shares of the 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 completion of the transaction, the chief executive officer directly owned 21,415 shares in the company, valued at approximately $2,680,087.25. This represents a 14.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the transaction, the chief executive officer owned 96,102 shares of the company’s stock, valued at $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DUK. Truist Financial reduced their price target on Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. BMO Capital Markets reduced their price target on Duke Energy from $139.00 to $138.00 in a research report on Wednesday, May 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research report on Monday, May 4th. The Goldman Sachs Group increased their price target on Duke Energy from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. reduced their price target on Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $139.07.

View Our Latest Analysis on DUK

Duke Energy Trading Down 0.9%

Shares of DUK stock opened at $122.62 on Friday. The stock’s fifty day moving average price is $127.44 and its two-hundred day moving average price is $124.04. The company has a market cap of $95.59 billion, a PE ratio of 18.78 and a beta of 0.41. Duke Energy Corporation has a fifty-two week low of $113.39 and a fifty-two week high of $134.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66.

Duke Energy (NYSE:DUKGet Free Report) last issued its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The firm had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter last year, the business posted $1.76 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. Equities analysts predict that Duke Energy Corporation will post 6.71 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, May 15th. Duke Energy’s dividend payout ratio is presently 65.24%.

Duke Energy News Roundup

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

About Duke Energy

(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.

Further Reading

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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