Crossmark Global Holdings Inc. Increases Position in Duke Energy Corporation $DUK

Key Points

• Crossmark Global Holdings increased its Duke Energy position by 20.4% in the second quarter, ending with 56,438 shares valued at approximately $7.14 million. Institutional investors collectively own 65.31% of the company.
• Duke Energy reported quarterly EPS of $1.43, exceeding estimates of $1.30, while revenue rose 1.1% year over year to $7.59 billion. The company also raised its quarterly dividend to $1.085 per share, representing a 3.5% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $138.44, but the company faces potential dilution from a 40 million-unit equity offering and regulatory opposition to a proposed North Carolina rate increase.

Crossmark Global Holdings Inc. lifted its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 20.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,438 shares of the utilities provider's stock after purchasing an additional 9,580 shares during the period. Crossmark Global Holdings Inc.'s holdings in Duke Energy were worth $7,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Basso Capital Management L.P. acquired a new stake in shares of Duke Energy in the fourth quarter worth $25,000. Evolution Wealth Management Inc. increased its position in Duke Energy by 1,111.1% during 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 last quarter. Triumph Capital Management increased its holdings in Duke Energy by 68.6% in the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. Cornerstone Financial Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $28,000. Finally, Evergreen Advisors LLC purchased a new stake in Duke Energy during the 1st quarter worth about $36,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Duke Energy

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

Duke Energy Trading Down 0.5%

Duke Energy stock opened at $123.83 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The firm's 50-day moving average is $125.77 and its 200-day moving average is $126.53. Duke Energy Corporation has a 1 year low of $113.89 and a 1 year high of $134.49. The company has a market cap of $96.55 billion, a P/E ratio of 18.59, a PEG ratio of 2.74 and a beta of 0.38.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating 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 firm had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same period last year, the firm posted $1.25 EPS. Duke Energy's quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current 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 given a dividend of $1.085 per share. This is a boost from Duke Energy's previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 14th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.5%. Duke Energy's payout ratio is currently 63.96%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DUK. Weiss Ratings restated a "buy (b)" rating on shares of Duke Energy in a research note on Friday, July 31st. UBS Group lowered their price objective on shares of Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. BMO Capital Markets lowered their target price on shares of Duke Energy from $134.00 to $132.00 and set an "outperform" rating for the company in a research note on Wednesday, August 5th. Evercore boosted their target price on shares of Duke Energy from $139.00 to $140.00 in a report on Monday, May 11th. Finally, Mizuho set a $136.00 price target on shares of Duke Energy in a report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.44.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source