Rep. Marjorie Taylor Greene Buys Duke Energy Co. (NYSE:DUK) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Duke Energy Co. (NYSE:DUK). In a filing disclosed on December 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Duke Energy stock on December 24th.

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

• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Gilead Sciences (NASDAQ:GILD) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 12/24/2024.

Duke Energy Stock Down 0.4 %

NYSE:DUK traded down $0.47 during trading hours on Tuesday, reaching $107.24. The company’s stock had a trading volume of 433,459 shares, compared to its average volume of 3,069,493. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The company has a market capitalization of $82.84 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.90 and a beta of 0.47. The stock has a 50 day moving average price of $112.67 and a two-hundred day moving average price of $111.35. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $8.06 billion. During the same quarter last year, the company earned $1.94 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that Duke Energy Co. will post 5.95 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were given a $1.045 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.90%. Duke Energy’s payout ratio is presently 76.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DUK shares. Jefferies Financial Group assumed coverage on shares of Duke Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $138.00 target price on the stock. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Scotiabank raised their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Barclays boosted their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $122.23.

Institutional Investors Weigh In On Duke Energy

Several hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in Duke Energy by 4.1% in the 3rd quarter. Principal Financial Group Inc. now owns 960,178 shares of the utilities provider’s stock valued at $110,709,000 after purchasing an additional 37,453 shares during the last quarter. Alternative Investment Advisors LLC. raised its stake in shares of Duke Energy by 9.4% in the third quarter. Alternative Investment Advisors LLC. now owns 2,190 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 188 shares during the last quarter. Old North State Trust LLC grew its stake in shares of Duke Energy by 0.6% during the third quarter. Old North State Trust LLC now owns 27,125 shares of the utilities provider’s stock valued at $3,128,000 after purchasing an additional 169 shares during the last quarter. Tidal Investments LLC raised its position in Duke Energy by 3.0% in the 3rd 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 last quarter. Finally, Blankinship & Foster LLC bought a new position in Duke Energy in the 3rd quarter valued at $4,695,000. Institutional investors own 65.31% of the company’s stock.

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.

About Duke Energy

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.