28,000 Shares in Duke Energy Corporation $DUK Acquired by Ally Financial Inc.

Ally Financial Inc. bought a new stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 28,000 shares of the utilities provider's stock, valued at approximately $3,544,000.

Several other institutional investors have also added to or reduced their stakes in the business. Basso Capital Management L.P. bought a new position in shares of Duke Energy in the fourth quarter worth about $25,000. Evolution Wealth Management Inc. boosted its position in shares of Duke Energy by 1,111.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider's stock worth $26,000 after purchasing an additional 200 shares during the period. Triumph Capital Management increased its stake in shares of Duke Energy by 68.6% in the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider's stock worth $27,000 after purchasing an additional 94 shares in the last quarter. Cornerstone Financial Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter worth $28,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Duke Energy by 13,750.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 277 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 275 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of recent analyst reports. KeyCorp raised Duke Energy from a "sector weight" rating to an "overweight" rating and set a $139.00 price target on the stock in a report on Thursday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Duke Energy in a research report on Friday, July 31st. Barclays decreased their target price on Duke Energy from $140.00 to $132.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. UBS Group lowered their price target on Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. Finally, BTIG Research reaffirmed a "buy" rating on shares of Duke Energy in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.94.

Duke Energy Stock Up 0.0%

Shares of DUK opened at $119.89 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43. The stock has a market capitalization of $93.48 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.80 and a beta of 0.38. Duke Energy Corporation has a 1 year low of $113.89 and a 1 year high of $134.49. The business's 50 day simple moving average is $125.64 and its 200-day simple moving average is $126.67.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.13. The firm had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. Duke Energy's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. As a group, equities analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be issued a $1.085 dividend. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Duke Energy's previous quarterly dividend of $1.06. Duke Energy's payout ratio is 65.17%.

Key Duke Energy News

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke’s proposed Carolinas resource plan targets 18.5 gigawatts of new solar capacity by 2041, reflecting strong electricity-demand growth in North and South Carolina. The plan could support long-term rate-base expansion, although it also implies substantial capital spending. Duke’s Carolinas resource plan targets 18.5 GW new solar by 2041
• Neutral Sentiment: Power was restored in northeast Charlotte after a damaged pole left thousands of Duke customers without electricity. The incident highlights storm-related reliability costs but appears to have been resolved. Power restored after damaged pole caused thousands of Duke Energy customers to be without power
• Neutral Sentiment: Severe thunderstorms caused outages across the Charlotte region and parts of western and upstate North Carolina. Temporary outages may increase restoration expenses and draw attention to grid resilience, but no lasting financial impact was reported. Tracking Duke Energy power outages amid rain severe storms in Charlotte region Thousands without power in Upstate and western North Carolina
• Neutral Sentiment: Duke employees assembled 10,000 hygiene kits for people in need. The community initiative supports the company’s public image but is unlikely to materially affect earnings. Duke Energy volunteers assemble 10,000 hygiene kits
• Negative Sentiment: Morgan Stanley lowered its Duke Energy price target from $138 to $133 and maintained an “equal weight” rating. The revision signals limited near-term conviction despite the target implying potential upside from the referenced price. Morgan Stanley lowers Duke Energy price target
• Negative Sentiment: Duke is seeking to disqualify a consumer group from hearings concerning Florida data centers, a move that could intensify regulatory and public-relations scrutiny over data-center electricity costs and customer protections. Duke Energy tries to disqualify consumer group from Florida data center hearings
• Negative Sentiment: Criticism that Duke’s policies place disproportionate costs on its poorest North Carolina customers adds political and regulatory risk, potentially complicating rate cases and future infrastructure spending. Duke Energy deals double whammy to its poorest North Carolina customers

Duke Energy Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company's core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

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