North Dakota State Investment Board Makes New $3.13 Million Investment in Duke Energy Corporation $DUK

by · The Cerbat Gem

North Dakota State Investment Board acquired a new position in Duke Energy Corporation (NYSE:DUK – Free Report) in the 4th quarter, Holdings Channel reports. The firm acquired 26,681 shares of the utilities provider’s stock, valued at approximately $3,127,000.

Several other large investors also recently made changes to their positions in DUK. Vanguard Group Inc. increased its position in shares of Duke Energy by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock worth $9,172,709,000 after acquiring an additional 1,957,592 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Duke Energy in the third quarter worth $86,309,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Duke Energy by 447.3% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 513,905 shares of the utilities provider’s stock worth $60,235,000 after acquiring an additional 420,005 shares in the last quarter. Caisse de depot et placement du Quebec increased its position in shares of Duke Energy by 19.1% in the third quarter. Caisse de depot et placement du Quebec now owns 2,613,595 shares of the utilities provider’s stock worth $323,432,000 after acquiring an additional 419,992 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Duke Energy by 178.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 505,891 shares of the utilities provider’s stock worth $59,376,000 after acquiring an additional 323,991 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DUK shares. Evercore increased their price objective on shares of Duke Energy from $139.00 to $140.00 in a research report on Monday, May 11th. Morgan Stanley dropped their price objective on shares of Duke Energy from $142.00 to $141.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Royal Bank Of Canada dropped their price objective on shares of Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, January 23rd. Truist Financial lowered their price target on shares of Duke Energy from $142.00 to $137.00 and set a “buy” rating for the company in a report on Monday. Finally, Capitol Sec Mgt lowered shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.67.

View Our Latest Analysis on Duke Energy

Duke Energy Price Performance

DUK opened at $122.80 on Tuesday. The company has a fifty day simple moving average of $128.72 and a 200 day simple moving average of $124.01. The firm has a market cap of $95.73 billion, a price-to-earnings ratio of 18.81 and a beta of 0.41. Duke Energy Corporation has a twelve month low of $113.39 and a twelve month high of $134.49. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS. Equities research analysts expect that Duke Energy Corporation will post 6.7 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 15th. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.

Insiders Place Their Bets

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the completion of the transaction, the chief executive officer directly owned 96,102 shares of the company’s stock, valued at $11,952,205.74. This trade represents a 17.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Louis E. Renjel sold 3,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the transaction, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at approximately $2,680,087.25. This represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,462 shares of company stock valued at $3,048,426 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Duke Energy Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK – Free Report).