7,666 Shares in Duke Energy Corporation $DUK Acquired by North Dallas Bank & Trust Co.

North Dallas Bank & Trust Co. purchased a new position in Duke Energy Corporation (NYSE:DUK) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,666 shares of the utilities provider’s stock, valued at approximately $899,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pettyjohn Wood & White Inc. increased its holdings in Duke Energy by 2.6% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 14,713 shares of the utilities provider’s stock worth $1,725,000 after buying an additional 376 shares during the period. Marks Group Wealth Management Inc increased its holdings in Duke Energy by 13.5% in the 4th quarter. Marks Group Wealth Management Inc now owns 16,408 shares of the utilities provider’s stock worth $1,923,000 after buying an additional 1,946 shares during the period. Commonwealth Retirement Investments LLC acquired a new position in Duke Energy in the 4th quarter worth approximately $239,000. TIAA Trust National Association increased its holdings in Duke Energy by 4.5% in the 4th quarter. TIAA Trust National Association now owns 166,300 shares of the utilities provider’s stock worth $19,492,000 after buying an additional 7,144 shares during the period. Finally, Cerity Partners LLC increased its holdings in Duke Energy by 1.7% in the 4th quarter. Cerity Partners LLC now owns 361,974 shares of the utilities provider’s stock worth $42,430,000 after buying an additional 6,103 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling

In other news, CEO Louis E. Renjel sold 3,500 shares of the 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 transaction, the chief executive officer owned 21,415 shares in the company, valued at $2,680,087.25. This trade represents a 14.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Harry K. Sideris sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DUK. Jefferies Financial Group dropped their price objective on shares of Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. Wall Street Zen raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Truist Financial dropped their price objective on shares of Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Evercore raised their price objective on shares of Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research note on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.93.

Duke Energy Price Performance

Shares of NYSE DUK opened at $123.77 on Wednesday. The stock has a market capitalization of $96.49 billion, a price-to-earnings ratio of 18.95 and a beta of 0.39. Duke Energy Corporation has a 12 month low of $113.66 and a 12 month high of $134.49. The firm’s 50 day simple moving average is $126.55 and its 200-day simple moving average is $123.97. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44.

Duke Energy (NYSE:DUK) last announced 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 return on equity of 9.73% and a net margin of 15.49%.The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the firm posted $1.76 EPS. The business’s revenue was up 11.3% on a year-over-year basis. Analysts expect that Duke Energy Corporation will post 6.71 EPS for the current year.

Duke Energy Announces Dividend

The firm 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 dividend of $1.065 per share. The ex-dividend date is Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is 65.24%.

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.