Duke Energy Corporation $DUK Shares Newly Bought by Sawyer & Company Inc

Sawyer & Company Inc bought a new position in Duke Energy Corporation (NYSE:DUK) during the 3rd quarter, Holdings Channel reports. The fund bought 7,307 shares of the utilities provider’s stock, valued at approximately $833,000.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in Duke Energy during the 2nd quarter valued at approximately $605,680,000. Janus Henderson Group PLC grew its position in shares of Duke Energy by 5,254.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock worth $358,227,000 after buying an additional 2,684,721 shares during the last quarter. Cullen Capital Management LLC purchased a new position in shares of Duke Energy during the second quarter valued at approximately $244,731,000. Great Lakes Advisors LLC purchased a new position in shares of Duke Energy during the second quarter valued at approximately $100,586,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Duke Energy during the second quarter valued at approximately $88,657,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Key Headlines Impacting Duke Energy

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Morgan Stanley raised its price target for Duke Energy from $127 to $128 while retaining an “equal weight” rating. The new target implies approximately 5.4% upside from the stock’s recent $121.44 level, providing modest valuation support.
• Positive Sentiment: Duke Energy Florida launched a new solar site, expanding the company’s renewable-energy infrastructure and supporting its long-term clean-energy strategy. Duke Energy Florida launches new solar site
• Positive Sentiment: Recent market momentum and investor attention may be helping sentiment: a Zacks report said DUK gained 1.73% in the latest prior session, while another noted increased user interest in the stock. Duke Energy laps the stock market
• Neutral Sentiment: Operational and development updates included six awards for Duke lineworker teams and progress on rezoning a proposed company site in Lexington. These announcements reinforce execution and infrastructure investment but are unlikely to materially change near-term earnings. Duke Energy lineworkers earn six awards Proposed Duke Energy site rezoning
• Negative Sentiment: KeyCorp cut its price target to $128, adding a cautious analyst signal even though the target remains above the recent share price. KeyCorp cuts target for Duke Energy

Duke Energy Stock Down 0.1%

Duke Energy stock traded down $0.17 during trading hours on Wednesday, hitting $121.16. 1,022,719 shares of the stock traded hands, compared to its average volume of 3,985,183. The firm’s 50-day moving average price is $118.87 and its two-hundred day moving average price is $123.58. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. The company has a market cap of $94.47 billion, a PE ratio of 18.21, a PEG ratio of 2.78 and a beta of 0.36. Duke Energy Corporation has a one year low of $112.40 and a one year high of $134.49.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The firm had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts forecast that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be given a dividend of $1.0850 per share. The ex-dividend date is Friday, November 13th. This represents a $4.34 annualized dividend and a dividend yield of 3.6%. Duke Energy’s payout ratio is currently 65.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DUK shares. BTIG Research reaffirmed a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. KeyCorp reduced their price objective on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Wall Street Zen raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Truist Financial decreased their price objective on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $121.00 target price on shares of Duke Energy in a research report on Monday, October 12th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.80.

Duke Energy Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.