Edgestream Partners L.P. lessened its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 32.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,316 shares of the utilities provider's stock after selling 24,596 shares during the quarter. Edgestream Partners L.P.'s holdings in Duke Energy were worth $6,588,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Duke Energy by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider's stock valued at $9,172,709,000 after purchasing an additional 1,957,592 shares during the period. Geode Capital Management LLC grew its position in shares of Duke Energy by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 19,292,633 shares of the utilities provider's stock valued at $2,266,675,000 after buying an additional 230,375 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Duke Energy by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,931,127 shares of the utilities provider's stock valued at $1,046,818,000 after buying an additional 58,375 shares during the period. Franklin Resources Inc. raised its position in shares of Duke Energy by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider's stock worth $965,446,000 after acquiring an additional 954,907 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Duke Energy by 0.4% in the third quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider's stock valued at $960,139,000 after acquiring an additional 31,703 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have issued reports on DUK. Mizuho lowered their price target on shares of Duke Energy from $139.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, June 18th. KeyCorp upgraded shares of Duke Energy from a "sector weight" rating to an "overweight" rating and set a $139.00 price objective for the company in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Duke Energy from $136.00 to $141.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. BMO Capital Markets decreased their price target on Duke Energy from $138.00 to $134.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Duke Energy in a research note on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Duke Energy has a consensus rating of "Moderate Buy" and a consensus price target of $138.62.
Check Out Our Latest Stock Report on DUK
More Duke Energy News
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy is expected to report year-over-year second-quarter EPS growth, supported by ongoing grid investment, rising electricity demand and recent infrastructure milestones. The earnings preview may reinforce the company’s long-term growth narrative ahead of its results. Duke Energy to Release Q2 Earnings: What's in Store for the Stock?
- Positive Sentiment: The company plans to employ about 1,000 workers on multibillion-dollar electricity and natural-gas projects in North Carolina. The projects could expand Duke’s regulated asset base and position it to benefit from increasing regional power demand, although they also require substantial capital spending. Duke Energy to employ 1,000 to build multibillion-dollar power projects
- Positive Sentiment: Installation of underground power lines on Horatio Avenue should improve grid resilience and reliability, though the immediate financial impact is likely limited. Duke Energy starts installing underground power lines on Horatio Avenue
- Neutral Sentiment: Recent earnings results from other utilities, including WEC Energy, Exelon, NorthWestern and FirstEnergy, highlight continued benefits from rate-base growth, transmission investment and data-center demand. These reports offer a constructive sector backdrop but do not directly change Duke Energy’s earnings outlook.
- Neutral Sentiment: The Duke Energy Foundation announced $300,000 in grants for more than 30 organizations serving older South Carolinians. The initiative supports community relations but is unlikely to materially affect earnings or valuation. Duke Energy Foundation provides $300,000 in grants
- Negative Sentiment: North Carolina regulators reportedly reduced a proposed Duke Energy rate increase nearly by half, although customer bills would still rise. The lower approved increase could constrain near-term revenue and earnings growth relative to Duke’s request. North Carolina Duke Energy rate hike is cut nearly in half
- Negative Sentiment: DUK declined while the market gained, indicating investors may be taking profits or reducing exposure before the Q2 earnings release. The stock’s move appears more tied to positioning and rate-case concerns than to a new earnings miss.
Insider Buying and Selling at Duke Energy
In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of the firm's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $125.15, for a total value of $438,025.00. Following the transaction, the chief executive officer directly owned 21,415 shares of the company's stock, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the firm's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the completion of the transaction, the chief executive officer directly owned 96,102 shares in the company, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.12% of the company's stock.
Duke Energy Price Performance
Shares of NYSE DUK opened at $126.29 on Friday. The firm has a market capitalization of $98.46 billion, a P/E ratio of 19.34, a P/E/G ratio of 2.84 and a beta of 0.38. The firm's 50-day moving average price is $125.65 and its 200-day moving average price is $126.17. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. Duke Energy Corporation has a 1-year low of $113.89 and a 1-year high of $134.49.
Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.06. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The firm's revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.76 EPS. Equities research analysts anticipate that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.
Duke Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be paid 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 yield of 3.4%. Duke Energy's dividend payout ratio (DPR) is presently 66.46%.
About Duke Energy
(
Free Report)
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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