5,309 Shares in Duke Energy Corporation $DUK Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new position in shares of Duke Energy Corporation (NYSE:DUKFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,309 shares of the utilities provider’s stock, valued at approximately $622,000.

Other institutional investors have also recently made changes to their positions in the company. Dorato Capital Management purchased a new position in shares of Duke Energy during the fourth quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Duke Energy during the third quarter worth $27,000. Lodestone Wealth Management LLC purchased a new position in shares of Duke Energy during the fourth quarter worth $30,000. Wiser Advisor Group LLC purchased a new position in shares of Duke Energy during the third quarter worth $34,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of 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 purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of several recent research reports. Jefferies Financial Group reduced their target price on shares of Duke Energy from $143.00 to $138.00 in a report on Monday, May 11th. Capitol Sec Mgt cut shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Evercore lifted their price objective on shares of Duke Energy from $139.00 to $140.00 in a report on Monday, May 11th. The Goldman Sachs Group lifted their price objective on shares of Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $139.07.

Get Our Latest Report on Duke Energy

Insider Activity

In other news, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction dated 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 sale, the chief executive officer owned 96,102 shares in the company, valued at $11,952,205.74. This trade represents a 17.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $125.15, for a total transaction of $438,025.00. Following the completion of the sale, the chief executive officer owned 21,415 shares in the company, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by company insiders.

Key Stories Impacting Duke Energy

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

Duke Energy Stock Down 0.9%

DUK opened at $122.62 on Friday. 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. The company has a fifty day moving average of $127.44 and a two-hundred day moving average of $124.04. The stock has a market capitalization of $95.59 billion, a price-to-earnings ratio of 18.78 and a beta of 0.41.

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

Duke Energy Announces Dividend

The business 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 is Friday, May 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. Duke Energy’s dividend payout ratio (DPR) is 65.24%.

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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