Griffith & Werner Inc. Acquires Shares of 25,676 Duke Energy Corporation $DUK

Griffith & Werner Inc. bought a new position in shares of Duke Energy Corporation (NYSE:DUKFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 25,676 shares of the utilities provider’s stock, valued at approximately $3,156,000. Duke Energy comprises approximately 1.7% of Griffith & Werner Inc.’s investment portfolio, making the stock its 23rd biggest position.

Other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Duke Energy during the 2nd quarter valued at about $28,000. Bare Financial Services Inc raised its holdings in shares of Duke Energy by 211.1% during the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 190 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Duke Energy during the 3rd quarter valued at about $39,000. Anfield Capital Management LLC grew its holdings in shares of Duke Energy by 2,608.3% in the second quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 313 shares during the period. Finally, Total Investment Management Inc. acquired a new stake in Duke Energy during the second quarter worth about $46,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.2%

Shares of NYSE:DUK opened at $131.42 on Wednesday. The firm’s 50-day moving average is $121.70 and its two-hundred day moving average is $122.17. 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 1 year low of $111.22 and a 1 year high of $132.30. The firm has a market capitalization of $102.20 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.86 and a beta of 0.50.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The firm had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.57 billion. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. During the same quarter in the previous year, the business posted $1.66 earnings per share. Analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

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

Insiders Place Their Bets

In other Duke Energy news, SVP Regis T. Repko sold 962 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total value of $123,001.32. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $127.67, for a total value of $868,156.00. Following the transaction, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at approximately $2,809,633.69. This represents a 23.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Mizuho set a $130.00 price target on shares of Duke Energy in a research note on Tuesday, February 10th. BTIG Research reiterated a “buy” rating and issued a $141.00 price objective on shares of Duke Energy in a research report on Friday, January 30th. Wells Fargo & Company cut their target price on Duke Energy from $126.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. BMO Capital Markets restated an “outperform” rating and issued a $136.00 target price on shares of Duke Energy in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada lowered their price target on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, January 23rd. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus price target of $135.75.

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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.

See Also

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

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