15,696 Duke Energy Corporation $DUK Shares Bought by Global Wealth Management Investment Advisory Inc.

Key Points

• Global Wealth Management Investment Advisory increased its Duke Energy stake by 34.4% in the third quarter, adding 15,696 shares and bringing its holdings to 61,334 shares, valued at about $6.99 million.
• Duke Energy beat quarterly earnings and revenue expectations, reporting EPS of $1.99 and revenue of $9.10 billion; revenue rose 6.6% year over year.
• The company declared a quarterly dividend of $1.085 per share, equivalent to a 3.4% annualized yield. Analysts have a “Moderate Buy” consensus rating and an average price target of $132.19.

Global Wealth Management Investment Advisory Inc. raised its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 34.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,334 shares of the utilities provider's stock after acquiring an additional 15,696 shares during the quarter. Global Wealth Management Investment Advisory Inc.'s holdings in Duke Energy were worth $6,993,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DUK. Bank of New York Mellon Corp acquired a new position in Duke Energy in the 2nd quarter valued at about $605,680,000. Janus Henderson Group PLC lifted its holdings in 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 valued at $358,227,000 after purchasing an additional 2,684,721 shares in the last quarter. Swiss National Bank lifted its holdings in Duke Energy by 7.1% in the 1st quarter. Swiss National Bank now owns 2,282,341 shares of the utilities provider's stock valued at $298,850,000 after purchasing an additional 151,400 shares in the last quarter. National Pension Service boosted its stake in shares of Duke Energy by 1.8% during the 2nd quarter. National Pension Service now owns 2,124,004 shares of the utilities provider's stock worth $268,856,000 after purchasing an additional 36,835 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Duke Energy by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,092,284 shares of the utilities provider's stock worth $273,979,000 after purchasing an additional 58,967 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Duke Energy stock opened at $128.26 on Tuesday. The stock has a fifty day moving average price of $120.00 and a 200 day moving average price of $124.55. Duke Energy Corporation has a 52 week low of $112.40 and a 52 week high of $134.49. The firm has a market capitalization of $100.01 billion, a P/E ratio of 19.43, a PEG ratio of 3.02 and a beta of 0.33. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.13. The firm had revenue of $9.10 billion for the quarter, compared to analyst estimates of $8.91 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $1.81 EPS. Equities research analysts anticipate that Duke Energy Corporation will post 6.72 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be issued a dividend of $1.0850 per share. This represents a $4.34 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, November 13th. Duke Energy's dividend payout ratio is presently 63.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DUK shares. Mizuho set a $136.00 price target on shares of Duke Energy in a report on Wednesday, August 5th. BMO Capital Markets reduced their price objective on shares of Duke Energy from $134.00 to $132.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. Barclays reduced their price objective on shares of Duke Energy from $132.00 to $124.00 and set an "overweight" rating on the stock in a research note on Friday, October 9th. JPMorgan Chase & Co. decreased their target price on shares of Duke Energy from $137.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 13th. Finally, Truist Financial lowered their target price on shares of Duke Energy from $135.00 to $130.00 and set a "buy" rating for the company in a research note on Monday, October 12th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Duke Energy has an average rating of "Moderate Buy" and an average target price of $132.19.

Insider Activity

In related news, EVP Bonnie Titone sold 2,900 shares of the firm's stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $128.00, for a total value of $371,200.00. Following the sale, the executive vice president directly owned 26,111 shares of the company's stock, valued at approximately $3,342,208. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.12% of the company's stock.

Key Headlines Impacting Duke Energy

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

• Positive Sentiment: Wall Street analysts are described as cautiously optimistic about Duke Energy’s prospects, although the stock has lagged the S&P 500 over the past year. That outlook may support sentiment, but the article does not provide a specific forecast or rating change. Are Wall Street Analysts Predicting Duke Energy Stock Will Climb or Sink?
• Positive Sentiment: Duke Energy Foundation grants to local first-responder agencies offer community-relations benefits, though the story does not indicate a material financial impact. Indiana first-responder grants
• Neutral Sentiment: Davidson County leaders are set to vote on rezoning for a Duke Energy natural-gas facility along the Yadkin River. Approval could advance the project, but the vote is pending and the articles do not report an outcome or quantify its expected financial contribution. Davidson County vote on Duke Energy plant Davidson County rezoning vote
• Negative Sentiment: A news report says a customer’s costly appliance replacements followed a Duke Energy billing mix-up. The case could pose reputational or customer-service concerns, though no broader pattern or material financial exposure is established in the headline. Duke Energy billing mix-up report

About Duke Energy

Duke Energy is a U.S. energy company focused primarily on regulated electric utilities and natural gas distribution. Its businesses generate, transmit and distribute electricity, and provide natural gas service to residential, commercial and industrial customers.

The company serves electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its natural gas distribution operations serve customers in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.

Duke Energy's power generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable resources.

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