Duke Energy Corporation $DUK Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. cut its stake in shares of Duke Energy Corporation (NYSE:DUK) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 312,650 shares of the utilities provider’s stock after selling 8,238 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Duke Energy were worth $36,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dorato Capital Management acquired a new position in shares of Duke Energy during the fourth quarter worth about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Duke Energy during the third quarter worth about $27,000. Lodestone Wealth Management LLC purchased a new stake in Duke Energy during the fourth quarter worth approximately $30,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in Duke Energy by 300.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 280 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake 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 purchasing an additional 275 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Duke Energy

In other news, CEO Louis E. Renjel sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was 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 $2,680,087.25. This represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Harry K. Sideris sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was 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 of the company’s stock, valued at $11,952,205.74. This trade represents a 17.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 24,462 shares of company stock worth $3,048,426. 0.12% of the stock is owned by insiders.

Duke Energy Price Performance

Shares of NYSE DUK opened at $122.80 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. Duke Energy Corporation has a twelve month low of $113.39 and a twelve month high of $134.49. The stock has a 50 day moving average of $128.72 and a two-hundred day moving average of $124.01. The stock has a market cap of $95.73 billion, a P/E ratio of 18.81 and a beta of 0.41.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data 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 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 business earned $1.76 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts forecast that Duke Energy Corporation will post 6.7 earnings per share for the current year.

Duke Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group decreased their target price on Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. Truist Financial decreased their target price on Duke Energy from $142.00 to $137.00 and set a “buy” rating for the company in a research note on Monday. The Goldman Sachs Group boosted their target price on Duke Energy from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research note on Monday, May 4th. Finally, Royal Bank Of Canada decreased their target price on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $139.67.

Duke Energy Profile

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.