Duke Energy Corporation $DUK Shares Sold by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC trimmed its stake in Duke Energy by 3.1% in Q3, selling 12,829 shares and leaving 400,625 shares worth about $49.6 million.
• Duke disclosed a significant capital raise — a $6 billion common-stock offering that could dilute shareholders — and also completed a $1.5 billion convertible notes offering to manage near-term maturities.
• Company insiders have been selling: CEO Louis E. Renjel sold 6,800 shares for roughly $868,156 (a 23.6% reduction in his holdings) and SVP Regis T. Repko sold 962 shares.

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400,625 shares of the utilities provider's stock after selling 12,829 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Duke Energy worth $49,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DUK. Bare Financial Services Inc grew its position in Duke Energy by 211.1% in the third quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider's stock worth $35,000 after buying an additional 190 shares during the last quarter. Imprint Wealth LLC acquired a new stake in shares of Duke Energy during the 3rd quarter valued at $39,000. Meeder Asset Management Inc. bought a new stake in shares of Duke Energy during the 3rd quarter worth $39,000. Anfield Capital Management LLC grew its holdings in shares of Duke Energy by 2,608.3% in the 2nd quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider's stock worth $38,000 after acquiring an additional 313 shares during the last quarter. Finally, Total Investment Management Inc. acquired a new position in shares of Duke Energy in the 2nd quarter worth $46,000. 65.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank Of Canada reduced their target price on Duke Energy from $143.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, January 23rd. Barclays reduced their price objective on shares of Duke Energy from $135.00 to $127.00 and set an "overweight" rating for the company in a research note on Thursday, January 15th. Morgan Stanley set a $139.00 target price on shares of Duke Energy in a report on Friday, February 20th. The Goldman Sachs Group boosted their price target on shares of Duke Energy from $141.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $136.00 price target on shares of Duke Energy in a research report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Duke Energy currently has an average rating of "Hold" and a consensus price target of $137.80.

Duke Energy Stock Up 1.0%

Shares of Duke Energy stock opened at $133.17 on Monday. Duke Energy Corporation has a 1 year low of $111.22 and a 1 year high of $134.12. The company has a market cap of $103.56 billion, a P/E ratio of 21.07 and a beta of 0.50. The company has a current ratio of 0.55, a quick ratio of 0.33 and a debt-to-equity ratio of 1.54. The stock has a 50-day moving average price of $123.95 and a 200 day moving average price of $122.62.

Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.01. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same quarter in the prior year, the company earned $1.66 EPS. As a group, analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be paid a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.2%. Duke Energy's dividend payout ratio (DPR) is 67.41%.

Insiders Place Their Bets

In related news, CEO Louis E. Renjel sold 6,800 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the completion of the sale, the chief executive officer directly owned 22,007 shares in the company, valued at approximately $2,809,633.69. This trade represents a 23.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Regis T. Repko sold 962 shares of Duke Energy stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total value of $123,001.32. Following the sale, the senior vice president directly owned 3,896 shares of the company's stock, valued at approximately $498,142.56. The trade was a 19.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.14% of the company's stock.

Key Headlines Impacting Duke Energy

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

• Positive Sentiment: Regulatory progress — Duke secured settlement support for its planned Carolinas utility combination, clearing a key hurdle toward consolidation and potential regulatory approval that could simplify operations and reduce costs. Duke Energy secures settlement support for Carolinas utility combination
• Positive Sentiment: Clean-energy growth — Duke opened its largest battery-storage facility in Knightdale, expanding firming capacity for renewables and supporting long-term earnings stability as the utility transitions generation mix. Duke Energy’s largest battery storage facility now open in Knightdale
• Positive Sentiment: Community resilience programs — The Duke Energy Foundation announced $500k in HERO grants to strengthen emergency preparedness across South Carolina, a modest but constructive CSR/operational resilience signal. SC agencies, nonprofits eligible for Duke Energy’s $500K emergency preparedness grants
• Neutral Sentiment: Debt/maturity management — Duke completed a $1.5B offering of 3.000% convertible notes, which helps refinance near-term maturities and preserves liquidity, though convertibles carry potential future dilution. Duke Energy Completes $1.5 Billion Convertible Notes Offering
• Neutral Sentiment: Operational update — Local outage restoration updates (e.g., New Whiteland) and community feeding programs show steady operational responsiveness but have limited market impact. Duke Energy: Power should be back on in New Whiteland by 4 p.m. Duke Energy teams up with Blessings in a Backpack to feed Floyd County students over spring break
• Negative Sentiment: Major equity raise announced — Duke disclosed a $6 billion common-stock offering, which is likely why some investors are cautious: a large follow-on can materially dilute existing shareholders and pressure the share price despite funding needs. Duke Energy (DUK) Announces $6 Billion Common Stock Offering
• Negative Sentiment: Regulatory and political pushback — North Carolina residents are raising alarms over rising energy bills and pushing for audits amid rate-hike requests; public opposition can complicate ratemaking and future returns. NC residents sound alarm over rising energy bills, demand audit of Duke Energy
• Negative Sentiment: Local legal dispute — A homeowner is fighting Duke in a high-profile Lake Norman boats lawsuit, a reputational/legal overhang with modest direct financial risk but possible local regulatory attention. Woman fights Duke Energy lawsuit that wants her famous big boats off Lake Norman

About Duke Energy

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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