Griffith & Werner Inc. Takes Position in Duke Energy Corporation $DUK

Griffith & Werner Inc. bought a new position in shares of Duke Energy Corporation (NYSE:DUKFree Report) in the third quarter, HoldingsChannel reports. The fund bought 25,676 shares of the utilities provider’s stock, valued at approximately $3,156,000. Duke Energy accounts for approximately 1.7% of Griffith & Werner Inc.’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DUK. Pflug Koory LLC boosted its position in shares of Duke Energy by 3.0% during the 3rd quarter. Pflug Koory LLC now owns 2,694 shares of the utilities provider’s stock worth $333,000 after acquiring an additional 79 shares in the last quarter. WealthShield Partners LLC lifted its stake in Duke Energy by 0.3% during the second quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock worth $3,003,000 after purchasing an additional 80 shares during the last quarter. Cypress Wealth Services LLC boosted its holdings in Duke Energy by 1.7% in the third quarter. Cypress Wealth Services LLC now owns 5,048 shares of the utilities provider’s stock valued at $625,000 after purchasing an additional 82 shares in the last quarter. EWA LLC increased its stake in Duke Energy by 3.9% in the third quarter. EWA LLC now owns 2,203 shares of the utilities provider’s stock valued at $273,000 after purchasing an additional 82 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC raised its holdings in Duke Energy by 4.6% during the third quarter. Mill Creek Capital Advisors LLC now owns 1,854 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 82 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

NYSE DUK opened at $131.42 on Wednesday. The firm has a market cap of $102.20 billion, a P/E ratio of 20.79, a P/E/G ratio of 2.86 and a beta of 0.50. Duke Energy Corporation has a 52-week low of $111.22 and a 52-week high of $132.30. The business’s 50-day moving average price is $121.70 and its 200 day moving average price is $122.17. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same period last year, the firm earned $1.66 EPS. On average, equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, February 13th. Duke Energy’s dividend payout ratio (DPR) is 67.41%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, SVP Regis T. Repko sold 962 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Louis E. Renjel sold 6,800 shares of Duke Energy stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $127.67, for a total transaction of $868,156.00. Following the completion of the sale, the chief executive officer directly owned 22,007 shares in the company, valued at approximately $2,809,633.69. The trade was a 23.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of recent analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $141.00 target price on shares of Duke Energy in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research note on Monday, December 29th. JPMorgan Chase & Co. cut their target price on Duke Energy from $136.00 to $126.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. BMO Capital Markets reissued an “outperform” rating and issued a $136.00 target price on shares of Duke Energy in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company cut their price target on Duke Energy from $126.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.75.

Check Out Our Latest Research Report on DUK

Key Stories Impacting Duke Energy

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About Duke Energy

(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.

See Also

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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