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

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 Trading Up 0.3 %

Shares of Duke Energy stock opened at $117.42 on Friday. The company’s fifty day moving average price is $115.17 and its two-hundred day moving average price is $110.09. The firm has a market capitalization 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. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.

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). The business had revenue of $8.16 billion for 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%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 EPS. On average, analysts expect that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently issued reports on DUK. BMO Capital Markets increased their target price on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Barclays lifted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. Finally, Evercore ISI raised their target price on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

Institutional Investors Weigh In On Duke Energy

Large investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in Duke Energy by 9.4% during the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock worth $10,520,000 after buying an additional 9,334 shares during the period. Goodman Advisory Group LLC bought a new stake in Duke Energy during the 2nd quarter worth approximately $2,888,000. Commerce Bank raised its holdings in Duke Energy by 5.9% during the 3rd quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock worth $31,041,000 after buying an additional 15,069 shares during the period. PrairieView Partners LLC bought a new position in Duke Energy in the second quarter valued at approximately $501,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Duke Energy by 1,258.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,341 shares of the utilities provider’s stock valued at $5,689,000 after buying an additional 45,708 shares during the period. 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.

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.