Allspring Global Investments Holdings LLC Has $52.38 Million Stock Position in Duke Energy Corporation $DUK

Allspring Global Investments Holdings LLC trimmed its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 21.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 440,624 shares of the utilities provider's stock after selling 117,727 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.06% of Duke Energy worth $52,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DUK. Cambridge Investment Research Advisors Inc. raised its stake in Duke Energy by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider's stock valued at $35,575,000 after purchasing an additional 20,942 shares during the last quarter. Pinnacle Financial Partners Inc raised its stake in Duke Energy by 9.9% during the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider's stock valued at $14,451,000 after purchasing an additional 11,445 shares during the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in Duke Energy by 8.1% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider's stock valued at $6,264,000 after buying an additional 3,837 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider's stock valued at $1,055,087,000 after buying an additional 93,699 shares during the period. Finally, Resolution Capital Ltd increased its holdings in Duke Energy by 7.6% in the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider's stock valued at $7,318,000 after buying an additional 4,255 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Up 1.4%

Shares of NYSE DUK opened at $127.81 on Wednesday. The firm's 50-day simple moving average is $123.17 and its 200 day simple moving average is $119.98. The company has a market cap of $99.39 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 3.04 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $128.49.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the transaction, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Duke Energy in a report on Monday, October 6th. They issued an "outperform" rating and a $143.00 price target on the stock. Jefferies Financial Group lowered shares of Duke Energy from a "buy" rating to a "hold" rating and lowered their price target for the company from $141.00 to $134.00 in a report on Friday, September 26th. Morgan Stanley lowered their price target on shares of Duke Energy from $129.00 to $127.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Barclays upped their target price on shares of Duke Energy from $131.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and a consensus price target of $135.50.

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.

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