Nordea Investment Management AB Lowers Stock Position in Duke Energy Corporation $DUK

Nordea Investment Management AB trimmed its holdings in Duke Energy Corporation (NYSE:DUK) by 23.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 508,021 shares of the utilities provider’s stock after selling 152,292 shares during the quarter. Nordea Investment Management AB’s holdings in Duke Energy were worth $59,672,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. KERR FINANCIAL PLANNING Corp acquired a new stake in Duke Energy in the third quarter valued at about $27,000. Wiser Advisor Group LLC acquired a new position in Duke Energy during the 3rd quarter worth approximately $34,000. Bare Financial Services Inc raised its stake in shares of Duke Energy by 211.1% during the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider’s stock worth $35,000 after buying an additional 190 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Duke Energy in the third quarter valued at approximately $39,000. Finally, Imprint Wealth LLC purchased a new stake in shares of Duke Energy in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity

In related news, SVP Regis T. Repko sold 962 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. This represents a 19.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Louis E. Renjel sold 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the sale, the chief executive officer owned 22,007 shares in the company, valued at approximately $2,809,633.69. This trade represents a 23.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the subject of several research analyst reports. Royal Bank Of Canada cut their price objective on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, January 23rd. Morgan Stanley set a $139.00 price target on shares of Duke Energy in a research note on Friday, February 20th. The Goldman Sachs Group increased their price target on shares of Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. UBS Group raised their price objective on shares of Duke Energy from $136.00 to $140.00 in a research note on Monday, March 9th. Finally, Scotiabank boosted their price objective on shares of Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a report on Tuesday, December 16th. Nine research 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $137.80.

Duke Energy Price Performance

DUK stock opened at $127.26 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 $125.54 and its 200 day moving average price is $122.97. The firm has a market cap of $98.96 billion, a P/E ratio of 20.14 and a beta of 0.50.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.01. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter last year, the business posted $1.66 earnings per share. On average, sell-side analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 13th were given a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, February 13th. Duke Energy’s dividend payout ratio (DPR) is currently 67.41%.

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.