Rep. Virginia Foxx Buys Duke Energy Co. (NYSE:DUK) Shares

Representative Virginia Foxx (R-North Carolina) recently bought shares of Duke Energy Co. (NYSE:DUK). In a filing disclosed on January 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Duke Energy stock on December 6th.

Representative Virginia Foxx also recently made the following trade(s):

• Sold $50,001 – $100,000 in shares of Via Renewables (NASDAQ:VIASP) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of American Electric Power (NASDAQ:AEP) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of FLEX LNG (NYSE:FLNG) on 12/6/2024.
• Sold $50,001 – $100,000 in shares of Pembina Pipeline (NYSE:PBA) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Bristol-Myers Squibb (NYSE:BMY) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of Ardmore Shipping (NYSE:ASC) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of Alliance Resource Partners (NASDAQ:ARLP) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of Energy Transfer (NYSE:ET) on 12/6/2024.

Duke Energy Stock Up 1.4 %

Shares of DUK stock traded up $1.49 during midday trading on Thursday, reaching $108.30. 3,209,280 shares of the stock were exchanged, compared to its average volume of 3,107,656. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The firm has a market cap of $83.66 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49. The company’s 50 day moving average is $111.28 and its two-hundred day moving average is $111.62. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

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 analysts’ consensus estimates of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 EPS. On average, equities research analysts predict that Duke Energy Co. will post 5.95 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.86%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Wall Street Analysts Forecast Growth

DUK has been the topic of several recent research reports. Morgan Stanley cut their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. BMO Capital Markets raised their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Finally, Scotiabank upped their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. New York Life Investment Management LLC raised its stake in shares of Duke Energy by 0.6% in the second quarter. New York Life Investment Management LLC now owns 105,921 shares of the utilities provider’s stock worth $10,616,000 after buying an additional 660 shares during the period. Private Advisor Group LLC raised its position in shares of Duke Energy by 2.8% during the 2nd quarter. Private Advisor Group LLC now owns 75,097 shares of the utilities provider’s stock valued at $7,527,000 after purchasing an additional 2,052 shares during the period. Savant Capital LLC increased its stake in Duke Energy by 1.0% in the 2nd quarter. Savant Capital LLC now owns 82,131 shares of the utilities provider’s stock worth $8,232,000 after buying an additional 793 shares in the last quarter. Advisor OS LLC raised its holdings in Duke Energy by 16.9% during the second quarter. Advisor OS LLC now owns 11,005 shares of the utilities provider’s stock valued at $1,103,000 after acquiring an additional 1,588 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Duke Energy during the second quarter worth about $219,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina’s 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina’s 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

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.