Posted by Defense World Staff on May 17th, 2024
Duke Energy Co. (NYSE:DUK – Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors bought 118,666 call options on the stock. This is an increase of approximately 3,170% compared to the average daily volume of 3,629 call options.
Insider Transactions at Duke Energy
In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the transaction, the executive vice president now owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the completion of the sale, the executive vice president now owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the completion of the transaction, the director now directly owns 4 shares in the company, valued at $409.24. The disclosure for this sale can be found here. Insiders sold a total of 26,695 shares of company stock valued at $2,750,815 over the last quarter. Company insiders own 0.10% of the company’s stock.
Institutional Trading of Duke Energy
Several hedge funds and other institutional investors have recently bought and sold shares of DUK. Panagora Asset Management Inc. boosted its position in shares of Duke Energy by 3.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 47,118 shares of the utilities provider’s stock valued at $4,159,000 after acquiring an additional 1,613 shares in the last quarter. Teamwork Financial Advisors LLC boosted its position in shares of Duke Energy by 6.2% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 2,585 shares of the utilities provider’s stock valued at $228,000 after acquiring an additional 150 shares in the last quarter. Optas LLC boosted its position in shares of Duke Energy by 11.2% during the 3rd quarter. Optas LLC now owns 6,979 shares of the utilities provider’s stock valued at $616,000 after acquiring an additional 702 shares in the last quarter. Wright Investors Service Inc. boosted its position in Duke Energy by 1.6% in the third quarter. Wright Investors Service Inc. now owns 27,785 shares of the utilities provider’s stock valued at $2,452,000 after buying an additional 426 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its position in Duke Energy by 3.6% in the third quarter. Money Concepts Capital Corp now owns 48,453 shares of the utilities provider’s stock valued at $4,276,000 after buying an additional 1,675 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently commented on DUK shares. Wells Fargo & Company lowered their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Scotiabank cut their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Bank of America raised their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. BMO Capital Markets raised their price target on shares of Duke Energy from $104.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $101.31.
Get Our Latest Stock Report on Duke Energy
Duke Energy Stock Performance
Shares of DUK opened at $102.84 on Friday. The company has a market capitalization of $79.37 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 2.74 and a beta of 0.45. Duke Energy has a one year low of $83.06 and a one year high of $103.83. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The company’s fifty day moving average price is $97.24 and its 200 day moving average price is $94.95.
Duke Energy (NYSE:DUK – Get Free Report) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.39 by $0.05. The firm had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. As a group, analysts expect that Duke Energy will post 5.97 earnings per share for the current year.
Duke Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be given a $1.025 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 3.99%. Duke Energy’s dividend payout ratio is 103.02%.
Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.
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