Sumitomo Mitsui Trust Group Inc. Has $219.84 Million Stake in Duke Energy Corporation $DUK
by Michael Walen · The Markets DailySumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,875,583 shares of the utilities provider’s stock after selling 109,460 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Duke Energy were worth $219,837,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Pflug Koory LLC boosted its holdings in Duke Energy by 3.0% during the third quarter. Pflug Koory LLC now owns 2,694 shares of the utilities provider’s stock worth $333,000 after purchasing an additional 79 shares during the last quarter. Cypress Wealth Services LLC boosted its holdings in Duke Energy by 1.7% during 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 during the last quarter. EWA LLC boosted its holdings in Duke Energy by 3.9% during the third quarter. EWA LLC now owns 2,203 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 82 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its holdings in Duke Energy by 4.6% during the third quarter. Mill Creek Capital Advisors LLC now owns 1,854 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 82 shares during the last quarter. Finally, CYBER HORNET ETFs LLC boosted its holdings in Duke Energy by 4.1% during the third quarter. CYBER HORNET ETFs LLC now owns 2,113 shares of the utilities provider’s stock worth $261,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.
Insider Activity
In other news, CEO Louis E. Renjel sold 6,800 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $127.67, for a total value of $868,156.00. Following the transaction, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at $2,809,633.69. This represents a 23.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Regis T. Repko sold 962 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total transaction of $123,001.32. Following the completion of the transaction, the senior vice president directly owned 3,896 shares in the company, valued at $498,142.56. The trade was a 19.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research report on Monday, December 29th. Wall Street Zen raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Jefferies Financial Group upped their price target on shares of Duke Energy from $125.00 to $141.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. UBS Group upped their price target on shares of Duke Energy from $136.00 to $140.00 in a research report on Monday, March 9th. Finally, BMO Capital Markets upped their price target on shares of Duke Energy from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Duke Energy presently has an average rating of “Hold” and an average target price of $139.33.
Check Out Our Latest Analysis on DUK
Duke Energy Price Performance
Shares of DUK opened at $131.90 on Monday. The firm has a market capitalization of $102.63 billion, a PE ratio of 20.87 and a beta of 0.46. The company’s 50-day moving average is $128.82 and its 200-day moving average is $123.90. Duke Energy Corporation has a fifty-two week low of $111.22 and a fifty-two week high of $134.49. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.33.
Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.01. The company had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.57 billion. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. During the same period in the prior year, the firm earned $1.66 earnings per share. Equities analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.
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.
See Also
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