25,313 Shares in Duke Energy Corporation $DUK Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in shares of Duke Energy Corporation (NYSE:DUKFree Report) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 25,313 shares of the utilities provider’s stock, valued at approximately $3,132,000. Duke Energy accounts for about 0.5% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vinva Investment Management Ltd lifted its stake in shares of Duke Energy by 28.4% during the third quarter. Vinva Investment Management Ltd now owns 47,116 shares of the utilities provider’s stock worth $5,786,000 after buying an additional 10,421 shares during the period. Parallel Advisors LLC raised its stake in Duke Energy by 4.8% in the 3rd quarter. Parallel Advisors LLC now owns 11,450 shares of the utilities provider’s stock worth $1,417,000 after acquiring an additional 527 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Duke Energy by 4.7% during the 3rd quarter. CreativeOne Wealth LLC now owns 12,993 shares of the utilities provider’s stock worth $1,608,000 after acquiring an additional 589 shares during the period. Natixis Advisors LLC lifted its position in Duke Energy by 5.6% during the 3rd quarter. Natixis Advisors LLC now owns 899,135 shares of the utilities provider’s stock worth $111,268,000 after acquiring an additional 47,555 shares during the period. Finally, Korea Investment CORP increased its holdings in shares of Duke Energy by 2.9% in the third quarter. Korea Investment CORP now owns 630,193 shares of the utilities provider’s stock valued at $77,986,000 after purchasing an additional 17,978 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other Duke Energy news, SVP Regis T. Repko sold 962 shares of the firm’s stock in a transaction that occurred on 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 directly owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. This trade represents a 19.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $127.67, for a total value of $868,156.00. Following the completion of the sale, the chief executive officer owned 22,007 shares of the company’s stock, valued at $2,809,633.69. This trade represents a 23.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Stock Up 0.7%

DUK stock opened at $132.53 on Friday. Duke Energy Corporation has a one year low of $111.22 and a one year high of $132.65. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.33 and a current ratio of 0.55. The firm’s fifty day moving average is $122.58 and its 200 day moving average is $122.38. The firm has a market cap of $103.06 billion, a PE ratio of 20.97, a P/E/G ratio of 2.88 and a beta of 0.50.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. On average, research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be issued a $1.065 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.26 dividend on an annualized basis and a yield of 3.2%. Duke Energy’s dividend payout ratio is presently 67.41%.

Key Stories Impacting Duke Energy

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DUK shares. Scotiabank raised their price objective on Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, December 16th. Evercore reiterated an “in-line” rating and issued a $139.00 price target on shares of Duke Energy in a report on Thursday. 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. Barclays dropped their price objective on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Duke Energy currently has a consensus rating of “Hold” and an average price target of $136.87.

Read Our Latest Research Report on Duke Energy

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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