International Private Wealth Advisors LLC Purchases New Shares in Duke Energy Corporation $DUK

International Private Wealth Advisors LLC bought a new position in shares of Duke Energy Corporation (NYSE:DUK – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,174 shares of the utilities provider’s stock, valued at approximately $476,000.

Other hedge funds also recently made changes to their positions in the company. Merit Financial Group LLC increased its position in shares of Duke Energy by 15.7% in the second quarter. Merit Financial Group LLC now owns 70,388 shares of the utilities provider’s stock valued at $8,910,000 after acquiring an additional 9,562 shares during the last quarter. Sarasin & Partners LLP increased its holdings in shares of Duke Energy by 15.3% during the 2nd quarter. Sarasin & Partners LLP now owns 1,283,213 shares of the utilities provider’s stock worth $162,429,000 after acquiring an additional 170,700 shares during the last quarter. Nykredit A S bought a new position in shares of Duke Energy in the second quarter valued at about $17,106,000. V. M. Manning & CO. Inc. bought a new position in Duke Energy in the 2nd quarter valued at about $2,432,000. Finally, Cohen Klingenstein LLC bought a new position in shares of Duke Energy during the second quarter worth approximately $2,051,000. 65.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Duke Energy news, EVP Bonnie Titone sold 2,900 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $128.00, for a total transaction of $371,200.00. Following the completion of the sale, the executive vice president directly owned 26,111 shares in the company, valued at $3,342,208. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is currently owned by corporate insiders.

Duke Energy News Roundup

Here’s some of the latest news about DUK:

Duke Energy Price Performance

DUK stock opened at $128.75 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 1.49. Duke Energy Corporation has a 12 month low of $112.40 and a 12 month high of $134.49. The firm has a market cap of $100.39 billion, a P/E ratio of 18.82, a P/E/G ratio of 3.00 and a beta of 0.33. The company’s 50-day moving average price is $120.35 and its two-hundred day moving average price is $124.67.

Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.13. Duke Energy had a net margin of 15.94% and a return on equity of 9.82%. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $8.91 billion. During the same quarter in the prior year, the firm posted $1.81 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts anticipate that Duke Energy Corporation will post 6.73 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Friday, November 13th will be given a dividend of $1.0850 per share. This represents a $4.34 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, November 13th. Duke Energy’s payout ratio is currently 63.45%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DUK. Truist Financial dropped their price objective on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $121.00 price objective on shares of Duke Energy in a report on Monday, October 12th. Morgan Stanley upped their target price on Duke Energy from $127.00 to $128.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 21st. BMO Capital Markets cut their target price on Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Finally, Wall Street Zen lowered Duke Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.19.

Check Out Our Latest Stock Analysis on Duke Energy

About Duke Energy

(Free Report)

Duke Energy is a U.S. energy company focused primarily on regulated electric utilities and natural gas distribution. Its businesses generate, transmit and distribute electricity, and provide natural gas service to residential, commercial and industrial customers. The company serves electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its natural gas distribution operations serve customers in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.

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

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