Several institutional investors have recently adjusted their positions in Duke Energy (DUK). Revolve Wealth Partners LLC increased its holdings by 4% in Q3, owning 3,275 shares valued at $378,000 after adding 125 shares. AA Financial Advisors LLC raised its stake by 6.9%, now holding 5,324 shares worth $614,000 after acquiring 344 shares. Chicago Capital LLC saw a 0.9% boost, owning 10,163 shares worth $1.17 million after purchasing 93 shares. Commonwealth Equity Services LLC increased its position by 3.5%, holding 578,238 shares valued at $66.67 million after buying 19,295 shares. Friedenthal Financial also entered with a stake valued at about $49,000. Institutional investors own 65.31% of Duke Energy.
Insider Activity at Duke Energy
In recent news, EVP Louis E. Renjel sold 540 shares of Duke Energy on August 8th at an average price of $113.64, totaling $61,365.60. After the sale, he owns 19,884 shares worth approximately $2.26 million, marking a 0.00% change in his ownership. This transaction was reported to the SEC. Corporate insiders hold 0.10% of the stock.
Duke Energy Price Performance
Duke Energy (DUK) stock opened at $120.76. The company has a debt-to-equity ratio of 1.56 and a market cap of $93.20 billion. Its 1-year low was $85.79, and its high was $120.85. The P/E ratio is 30.34 and the PEG ratio is 3.06. Recently, Duke Energy reported earnings of $1.18 per share, exceeding the estimate of $1.02. Revenue for the quarter was $7.17 billion, up 9.0% from the previous year.
Duke Energy Dividend Announcement
Duke Energy will pay a quarterly dividend of $1.045 on December 16th to stockholders of record as of November 15th, representing an annualized dividend of $4.18 or a 3.46% yield. The ex-dividend date is November 15th, with a payout ratio of 105.03%.
Analysts’ Forecast
Analysts have raised their price targets for Duke Energy. Wells Fargo increased its target from $110 to $122, while Morgan Stanley raised its target from $114 to $120. BMO Capital Markets lifted it from $120 to $126, and Royal Bank of Canada set a target of $135. Current consensus indicates a “Moderate Buy” with an average target price of $121.85.
Check Out Our Latest Research Report on DUK
Duke Energy Company Profile
Duke Energy is an energy company operating in the U.S., with segments in electric and gas utilities. It serves customers in the Carolinas, Florida, and the Midwest.
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