V Square Quantitative Management LLC Purchases Shares of 5,753 Duke Energy Corporation $DUK
by Kim Johansen · The Markets DailyV Square Quantitative Management LLC purchased a new stake in shares of Duke Energy Corporation (NYSE:DUK – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,753 shares of the utilities provider’s stock, valued at approximately $674,000.
Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Duke Energy by 11.6% during the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after acquiring an additional 700 shares during the period. Empowered Funds LLC increased its position in Duke Energy by 19.6% during the first quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock worth $2,825,000 after acquiring an additional 3,797 shares during the period. Schnieders Capital Management LLC. increased its position in Duke Energy by 1.0% during the second quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock worth $3,686,000 after acquiring an additional 315 shares during the period. AXA S.A. increased its position in Duke Energy by 523.4% during the second quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock worth $4,983,000 after acquiring an additional 35,458 shares during the period. Finally, Nebula Research & Development LLC bought a new position in Duke Energy during the second quarter worth about $954,000. Institutional investors own 65.31% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on DUK shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research report on Monday, December 29th. Morgan Stanley set a $139.00 price target on Duke Energy in a research note on Friday, February 20th. Royal Bank Of Canada dropped their price target on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, January 23rd. BMO Capital Markets boosted their price target on Duke Energy from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Jefferies Financial Group boosted their price target on Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $139.33.
Get Our Latest Research Report on Duke Energy
Duke Energy Stock Performance
Duke Energy stock opened at $131.90 on Friday. Duke Energy Corporation has a 12-month low of $111.22 and a 12-month high of $134.49. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54. The business’s 50-day moving average price is $128.82 and its two-hundred day moving average price is $123.89. The stock has a market cap of $102.63 billion, a PE ratio of 20.87 and a beta of 0.46.
Duke Energy (NYSE:DUK – Get Free Report) last released its earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.The firm had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.57 billion. During the same quarter in the previous year, the business posted $1.66 earnings per share. As a group, analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.
Insider Transactions at Duke Energy
In other Duke Energy news, CEO Louis E. Renjel sold 6,800 shares of Duke Energy stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $127.67, for a total value of $868,156.00. Following the transaction, the chief executive officer owned 22,007 shares in the company, valued at $2,809,633.69. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Regis T. Repko sold 962 shares of Duke Energy stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total value of $123,001.32. Following the completion of the transaction, the senior vice president owned 3,896 shares in the company, valued at approximately $498,142.56. This represents a 19.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.
Duke Energy Profile
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.