NovaPoint Capital LLC Purchases Shares of 10,109 Duke Energy Corporation $DUK

NovaPoint Capital LLC acquired a new position in Duke Energy Corporation (NYSE:DUK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,109 shares of the utilities provider’s stock, valued at approximately $1,251,000.

Other hedge funds also recently made changes to their positions in the company. WealthShield Partners LLC raised its stake in Duke Energy by 0.3% during the 2nd quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock worth $3,003,000 after acquiring an additional 80 shares during the period. Cypress Wealth Services LLC increased its stake in shares of Duke Energy by 1.7% in the third quarter. Cypress Wealth Services LLC now owns 5,048 shares of the utilities provider’s stock worth $625,000 after purchasing an additional 82 shares in the last quarter. Private Wealth Asset Management LLC raised its position in shares of Duke Energy by 6.4% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock valued at $166,000 after purchasing an additional 85 shares during the period. Sentry LLC lifted its stake in shares of Duke Energy by 4.9% during the 2nd quarter. Sentry LLC now owns 1,831 shares of the utilities provider’s stock valued at $216,000 after buying an additional 86 shares in the last quarter. Finally, Centurion Wealth Management LLC boosted its holdings in Duke Energy by 3.0% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,991 shares of the utilities provider’s stock worth $353,000 after buying an additional 87 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $117.21 on Friday. The firm has a market cap of $91.15 billion, a PE ratio of 18.43, a PEG ratio of 2.70 and a beta of 0.49. The stock has a 50 day moving average of $121.43 and a 200 day moving average of $121.24. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 1.54. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. On average, research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Friday, November 14th were paid a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a yield of 3.6%. Duke Energy’s dividend payout ratio is presently 66.98%.

Insider Buying and Selling

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of Duke Energy stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the completion of the transaction, the executive vice president directly owned 11,367 shares of the company’s stock, valued at $1,407,234.60. This trade represents a 41.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

DUK has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their price target on Duke Energy from $138.00 to $136.00 in a report on Monday, November 10th. Wells Fargo & Company upgraded Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised Duke Energy to a “hold” rating in a report on Tuesday, October 28th. Scotiabank upped their price target on Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, December 16th. Finally, BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.50.

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.