Duke Energy (NYSE:DUK) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Duke Energy Co. (NYSE:DUK). In a filing disclosed on November 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Duke Energy stock on November 25th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of GSK (NYSE:GSK) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Nestlé (OTCMKTS:NSRGY) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 11/25/2024.

Duke Energy Stock Up 0.3 %

Shares of Duke Energy stock opened at $117.42 on Friday. The business has a fifty day simple moving average of $115.17 and a 200 day simple moving average of $110.09. The stock has a market cap of $90.70 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 3.03 and a beta of 0.47. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period last year, the company earned $1.94 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Research analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

Wall Street Analysts Forecast Growth

DUK has been the topic of several research analyst reports. Scotiabank raised their price objective on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group raised their target price on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Morgan Stanley cut their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Bank of America raised their price objective on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company increased their price target on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $121.69.

Institutional Investors Weigh In On Duke Energy

Hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC increased its stake in shares of Duke Energy by 3.0% during the third quarter. Tidal Investments LLC now owns 24,787 shares of the utilities provider’s stock worth $2,858,000 after purchasing an additional 719 shares during the period. Blankinship & Foster LLC acquired a new stake in shares of Duke Energy during the third quarter worth $4,695,000. Destination Wealth Management boosted its position in shares of Duke Energy by 27.9% in the third quarter. Destination Wealth Management now owns 4,895 shares of the utilities provider’s stock valued at $564,000 after acquiring an additional 1,067 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of Duke Energy by 250.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 31,260 shares of the utilities provider’s stock valued at $3,604,000 after acquiring an additional 22,332 shares in the last quarter. Finally, Sfmg LLC bought a new position in Duke Energy during the third quarter worth about $229,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.