Cura Wealth Advisors LLC Makes New $1 Million Investment in Duke Energy Corporation $DUK

Key Points

• Cura Wealth Advisors LLC bought a new stake of 8,545 shares in Duke Energy during the fourth quarter, valued at approximately $1,002,000.
• Duke Energy beat Q4 expectations, reporting $1.50 EPS versus $1.49 expected and revenue of $7.94 billion versus $7.57 billion expected.
• Insiders (including SVP Regis T. Repko and CEO Louis E. Renjel) recently sold shares, and analysts' consensus is a Hold with an average target price of $139.33.

Cura Wealth Advisors LLC bought a new position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 8,545 shares of the utilities provider's stock, valued at approximately $1,002,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Dorato Capital Management acquired a new position in Duke Energy during the 4th quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Duke Energy during the 3rd quarter worth approximately $27,000. Lodestone Wealth Management LLC purchased a new stake in shares of Duke Energy during the 4th quarter worth approximately $30,000. Wiser Advisor Group LLC acquired a new stake in shares of Duke Energy in the 3rd quarter worth approximately $34,000. Finally, Bare Financial Services Inc grew its holdings in shares of Duke Energy by 211.1% in the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider's stock worth $35,000 after acquiring an additional 190 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Price Performance

DUK stock opened at $130.38 on Tuesday. Duke Energy Corporation has a 1 year low of $111.22 and a 1 year high of $134.49. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.33 and a current ratio of 0.55. The stock's 50 day moving average price is $129.03 and its 200 day moving average price is $123.96. The firm has a market cap of $101.45 billion, a P/E ratio of 20.63 and a beta of 0.46.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 9.66% and a net margin of 15.41%.During the same quarter in the prior year, the company posted $1.66 EPS. On average, sell-side analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Duke Energy

In related news, SVP Regis T. Repko sold 962 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total value of $123,001.32. Following the completion of the sale, the senior vice president directly owned 3,896 shares in the company, valued at approximately $498,142.56. This represents a 19.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Louis E. Renjel sold 6,800 shares of the firm's 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 sale, the chief executive officer 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 disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of research reports. Jefferies Financial Group upped their price target on Duke Energy from $125.00 to $141.00 and gave the stock a "hold" rating in a report on Tuesday, February 17th. Wall Street Zen upgraded Duke Energy from a "sell" rating to a "hold" rating in a report on Saturday, March 28th. Scotiabank upped their price target on Duke Energy from $137.00 to $146.00 and gave the stock a "sector outperform" rating in a report on Tuesday, December 16th. The Goldman Sachs Group upped their price target on Duke Energy from $141.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Finally, Wells Fargo & Company upped their price target on Duke Energy from $115.00 to $135.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 4th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $139.33.

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.

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