Duke Energy Corporation $DUK Shares Bought by Csenge Advisory Group

Csenge Advisory Group boosted its holdings in Duke Energy Corporation (NYSE:DUK) by 10.2% during the 4th quarter, Holdings Channel reports. The fund owned 54,111 shares of the utilities provider’s stock after acquiring an additional 5,017 shares during the quarter. Csenge Advisory Group’s holdings in Duke Energy were worth $6,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUK. EWA LLC increased its stake in shares of Duke Energy by 3.9% during the third quarter. EWA LLC now owns 2,203 shares of the utilities provider’s stock valued at $273,000 after acquiring an additional 82 shares during the period. Mill Creek Capital Advisors LLC raised its position in shares of Duke Energy by 4.6% during the third quarter. Mill Creek Capital Advisors LLC now owns 1,854 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 82 shares during the period. CYBER HORNET ETFs LLC lifted its stake in Duke Energy by 4.1% during the third quarter. CYBER HORNET ETFs LLC now owns 2,113 shares of the utilities provider’s stock valued at $261,000 after buying an additional 83 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its position in shares of Duke Energy by 35.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 324 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 84 shares in the last quarter. Finally, MidWestOne Financial Group Inc. lifted its holdings in shares of Duke Energy by 1.1% in the third quarter. MidWestOne Financial Group Inc. now owns 7,858 shares of the utilities provider’s stock valued at $972,000 after purchasing an additional 87 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Regis T. Repko sold 962 shares of the firm’s 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 transaction, the senior vice president owned 3,896 shares in the company, valued at $498,142.56. This trade represents a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Louis E. Renjel sold 3,500 shares of the firm’s 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 transaction, the chief executive officer directly owned 21,415 shares in the company, valued at $2,680,087.25. This trade represents a 14.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,462 shares of company stock valued at $3,048,426 in the last 90 days. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Duke Energy from $143.00 to $138.00 in a research report on Monday, May 11th. Truist Financial reduced their price target on Duke Energy from $142.00 to $137.00 and set a “buy” rating for the company in a research report on Monday. Mizuho upped their price objective on shares of Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. The Goldman Sachs Group increased their target price on Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, BTIG Research restated a “buy” rating and issued a $141.00 price target on shares of Duke Energy in a research report on Friday, January 30th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $139.67.

Duke Energy Stock Up 1.5%

Shares of NYSE:DUK opened at $122.80 on Tuesday. 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 market capitalization of $95.73 billion, a PE ratio of 18.81 and a beta of 0.41. Duke Energy Corporation has a 52 week low of $113.39 and a 52 week high of $134.49. The company’s fifty day moving average is $128.72 and its 200-day moving average is $124.01.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. Duke Energy’s quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Duke Energy Corporation will post 6.7 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

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

About Duke Energy

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.