Duke Energy Corporation $DUK Shares Sold by KMG Fiduciary Partners LLC

Key Points

• KMG Fiduciary Partners reduced its Duke Energy position by 19.3% in the second quarter, selling 11,995 shares and retaining 50,129 shares valued at approximately $6.35 million. Institutional investors collectively own 65.31% of the company.
• Duke Energy exceeded quarterly earnings expectations, reporting $1.43 EPS versus the $1.30 consensus, while revenue rose 1.1% year over year to $7.59 billion. The company maintained its 2026 EPS guidance range of $6.55 to $6.80.
• The company increased its quarterly dividend to $1.085 per share, or $4.34 annually, representing a 3.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $138.44.

KMG Fiduciary Partners LLC cut its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 19.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,129 shares of the utilities provider's stock after selling 11,995 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Duke Energy were worth $6,345,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DUK. Basso Capital Management L.P. acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $25,000. Evolution Wealth Management Inc. boosted its stake 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 buying an additional 200 shares during the last quarter. Triumph Capital Management grew 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 buying an additional 94 shares in the last quarter. Cornerstone Financial Management LLC purchased a new stake in Duke Energy in the 4th quarter valued at $28,000. Finally, Evergreen Advisors LLC acquired a new stake in shares of Duke Energy in the 1st quarter worth $36,000. Hedge funds and other institutional investors own 65.31% of the company's stock.

Duke Energy Stock Performance

Shares of DUK stock opened at $120.98 on Tuesday. 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 has a market cap of $94.33 billion, a P/E ratio of 18.17, a P/E/G ratio of 2.75 and a beta of 0.38. The firm's 50 day moving average price is $125.64 and its 200-day moving average price is $126.44. Duke Energy Corporation has a one year low of $113.89 and a one year high of $134.49.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Tuesday, August 4th. 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 during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter last year, the firm earned $1.25 EPS. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. Duke Energy has set its FY 2026 guidance at 6.550-6.800 EPS. As a group, equities research analysts predict that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be given a $1.085 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 annualized dividend and a yield of 3.6%. This is an increase from Duke Energy's previous quarterly dividend of $1.06. Duke Energy's dividend payout ratio is presently 63.96%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BTIG Research reissued a "buy" rating on shares of Duke Energy in a research report on Thursday, July 23rd. Truist Financial lifted their target price on shares of Duke Energy from $137.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Evercore increased their price target on shares of Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. KeyCorp upgraded shares of Duke Energy from a "sector weight" rating to an "overweight" rating and set a $139.00 price target for the company in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Duke Energy in a research report on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $138.44.

More Duke Energy News

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

• Positive Sentiment: Extreme heat in North Carolina pushed cooling demand 43% above normal, while Duke Energy urged customers to reduce usage during demand spikes. Elevated consumption could support near-term electricity sales, although the requests also highlight grid and affordability pressures. North Carolina heat sends cooling demand 43% above normal
• Positive Sentiment: Duke lowered its requested rate increase for Eastern North Carolina and the Asheville area before regulators. A smaller request may improve the chances of approval and reduce political resistance, while still allowing recovery of infrastructure and operating costs. Duke Energy lowers rate increase ask
• Neutral Sentiment: Another proposed Duke rate hike is returning to regulators as hot weather increases demand. Regulatory approval could support revenue, but customer-bill increases remain politically sensitive and could be reduced or delayed. Duke Energy rate hike heads back before regulators
• Neutral Sentiment: Clearwater abandoned a proposed Duke Energy buyout, and Florida TaxWatch urged St. Petersburg to take a similar approach. The developments reduce near-term transaction uncertainty but could complicate Duke’s municipal-relationship and growth outlook in Florida. Florida TaxWatch applauds Clearwater buyout decision
• Negative Sentiment: Duke announced a $1.75 billion equity-units offering, consisting of contracts to purchase common stock and interests in senior notes. The financing supports capital investment but increases financing costs and introduces potential future share dilution, making it the clearest near-term headwind for DUK. Duke Energy announces equity units offering
• Negative Sentiment: Industry discussion about retreating from wind in favor of natural gas raises longer-term fuel-price, regulatory and transition risks for utilities. Greater dependence on gas could expose Duke and its customers to commodity-price volatility. America’s wind retreat and natural gas dependence

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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