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

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 Price Performance

Shares of DUK stock opened at $108.30 on Thursday. The company has a market cap of $83.66 billion, a P/E ratio of 19.91, a PEG ratio of 2.90 and a beta of 0.49. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The stock’s 50-day moving average is $111.28 and its 200 day moving average is $111.62. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25.

Duke Energy (NYSE:DUK) last issued 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). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the previous year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts predict that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays boosted their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Scotiabank boosted their price target on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. 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 note on Friday, November 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Duke Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.23.

Hedge Funds Weigh In On Duke Energy

A number of institutional investors have recently modified their holdings of DUK. Legacy Investment Solutions LLC acquired a new stake in Duke Energy during the third quarter valued at $29,000. Northwest Investment Counselors LLC purchased a new position in Duke Energy during the third quarter worth approximately $30,000. Sachetta LLC grew its holdings in Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 96 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Duke Energy during the 3rd quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC lifted its position in shares of Duke Energy by 100.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock valued at $39,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

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.