Duke Energy (NYSE:DUK) Stock Bought 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 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Duke Energy stock on November 1st.

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

• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Digital Realty Trust (NYSE:DLR) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Corning (NYSE:GLW) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 10/21/2024.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $113.62 on Thursday. The company has a 50 day moving average of $115.89 and a 200-day moving average of $108.61. The company has a market cap of $87.74 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 3.08 and a beta of 0.47. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a 1-year low of $86.61 and a 1-year high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same quarter last year, the company posted $0.91 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.68%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 76.98%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DUK. Evercore ISI upped their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets upped their price objective on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Hedge Funds Weigh In On Duke Energy

Institutional investors have recently added to or reduced their stakes in the business. PBMares Wealth Management LLC lifted its holdings in Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after buying an additional 86 shares during the period. Pinnacle West Asset Management Inc. lifted its stake in shares of Duke Energy by 2.1% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after purchasing an additional 90 shares during the period. Castleview Partners LLC boosted its position in shares of Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Kanawha Capital Management LLC grew its stake in Duke Energy by 1.4% in the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 92 shares during the period. Finally, Chicago Capital LLC lifted its position in Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after buying an additional 93 shares during the period. 65.31% of the stock is 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.

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.