Cohen Klingenstein LLC Acquires Shares of 16,200 Duke Energy Corporation $DUK

Key Points

• Cohen Klingenstein LLC acquired 16,200 Duke Energy shares during the second quarter, valued at approximately $2.05 million. Institutional investors collectively own 65.31% of the utility’s stock.
• Duke Energy reported quarterly EPS of $1.43, exceeding analysts’ $1.30 estimate, while revenue rose 1.1% year over year to $7.59 billion. Analysts maintain a “Moderate Buy” consensus rating with a $138.44 average price target.
• The company raised its quarterly dividend to $1.085 per share, or $4.34 annualized, representing a 3.5% yield and a 63.96% payout ratio.

Cohen Klingenstein LLC acquired a new position in Duke Energy Corporation (NYSE:DUK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,200 shares of the utilities provider's stock, valued at approximately $2,051,000.

Several other large investors also recently made changes to their positions in the business. World Investment Advisors lifted its stake in shares of Duke Energy by 62.7% in the 4th quarter. World Investment Advisors now owns 42,680 shares of the utilities provider's stock valued at $5,003,000 after purchasing an additional 16,450 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Duke Energy by 22.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,530 shares of the utilities provider's stock worth $15,534,000 after purchasing an additional 24,497 shares during the period. Sarasin & Partners LLP increased its holdings in Duke Energy by 15.3% in the second quarter. Sarasin & Partners LLP now owns 1,283,213 shares of the utilities provider's stock valued at $162,429,000 after purchasing an additional 170,700 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Duke Energy by 29.3% in the fourth quarter. Farther Finance Advisors LLC now owns 53,861 shares of the utilities provider's stock valued at $6,313,000 after purchasing an additional 12,219 shares during the last quarter. Finally, Meritage Portfolio Management acquired a new position in Duke Energy in the fourth quarter valued at about $4,018,000. Institutional investors own 65.31% of the company's stock.

Duke Energy Price Performance

Shares of DUK opened at $123.83 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. Duke Energy Corporation has a twelve month low of $113.89 and a twelve month high of $134.49. The stock has a market capitalization of $96.55 billion, a P/E ratio of 18.59, a P/E/G ratio of 2.74 and a beta of 0.38. The company has a 50 day moving average of $125.77 and a 200-day moving average of $126.53.

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

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be issued a $1.085 dividend. This represents a $4.34 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 14th. This is a positive change from Duke Energy's previous quarterly dividend of $1.06. Duke Energy's dividend payout ratio is 63.96%.

Key Duke Energy News

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

• Positive Sentiment: Utilities could benefit from rising electricity demand tied to the rapid expansion of artificial-intelligence data centers. The trend supports Duke Energy’s long-term generation and grid-investment opportunity, although the referenced article focuses on utility ETFs rather than DUK specifically. Utility ETFs to Buy as Rapid AI Buildout Sparks Energy Crisis
• Positive Sentiment: Duke Energy has restored most power after severe storms in Greater Cincinnati, with nearly 223,000 outages addressed and crews working to restore the remaining customers. Faster restoration limits prolonged service disruption and reputational damage. Duke Energy restores 85% of Greater Cincinnati outages
• Neutral Sentiment: The Duke Energy Foundation announced $500,000 for North Carolina small-business programs and emergency grants for storm recovery in Ohio and Kentucky. The initiatives may support community relations but are not financially material to DUK. Duke Energy invests $500,000 to help small businesses
• Negative Sentiment: Duke Energy completed the sale of 40 million equity units. The financing provides capital for infrastructure and growth, but the additional equity can dilute existing shareholders and signals substantial funding needs. Duke Energy Completes Major Equity Units Financing Offering
• Negative Sentiment: North Carolina Attorney General Jeff Jackson is challenging a proposed 6.8% residential rate increase and rejecting the related settlement. Regulatory opposition raises uncertainty over Duke’s ability to recover costs and earn its targeted returns. AG Jeff Jackson rejects Duke Energy settlement
• Negative Sentiment: A proposed Duke Energy plant is drawing opposition in Davie and Davidson counties, creating potential permitting, construction and political obstacles. More than 2,000 customers also remained without power during severe storms, highlighting near-term reliability and restoration costs. Duke Energy plant proposal draws opposition

Analyst Ratings Changes

A number of brokerages have recently commented on DUK. Jefferies Financial Group lowered their price target on Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. Weiss Ratings restated a "buy (b)" rating on shares of Duke Energy in a report on Friday, July 31st. Wells Fargo & Company upped their target price on shares of Duke Energy from $135.00 to $136.00 and gave the company an "equal weight" rating in a research note on Monday, April 20th. Truist Financial increased their target price on shares of Duke Energy from $137.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Finally, Barclays decreased their price target on shares of Duke Energy from $140.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.44.

Duke Energy Company 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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