Mackenzie Financial Corp Has $301.65 Million Stock Holdings in Duke Energy Corporation $DUK

Key Points

• Mackenzie Financial Corp reduced its stake in Duke Energy by 9.1% in Q3 to 2,437,566 shares worth $301.65 million, representing about 0.31% of the company.
• Wall Street is mixed on DUK with a consensus rating of "Hold" and an average price target of $137.80 (nine Buys, seven Holds, one Sell).
• Duke reached settlement agreements that reduce regulatory uncertainty around a proposed utility combination, but it also priced a $1.3B 3.000% convertible senior notes offering and faces customer backlash, local opposition and recent outage/reliability issues.

Mackenzie Financial Corp decreased its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 9.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,437,566 shares of the utilities provider's stock after selling 244,062 shares during the quarter. Mackenzie Financial Corp owned 0.31% of Duke Energy worth $301,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in DUK. Bare Financial Services Inc boosted its position in Duke Energy by 211.1% during the third quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 190 shares during the last quarter. Anfield Capital Management LLC boosted its holdings in shares of Duke Energy by 2,608.3% during the 2nd quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider's stock worth $38,000 after buying an additional 313 shares during the period. Meeder Asset Management Inc. acquired a new stake in Duke Energy in the 3rd quarter valued at approximately $39,000. Total Investment Management Inc. acquired a new stake in shares of Duke Energy in the second quarter worth $46,000. Finally, Tsfg LLC raised its position in shares of Duke Energy by 24.6% during the third quarter. Tsfg LLC now owns 445 shares of the utilities provider's stock valued at $55,000 after buying an additional 88 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DUK. Wall Street Zen cut shares of Duke Energy from a "hold" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. cut their price target on Duke Energy from $136.00 to $126.00 and set a "neutral" rating on the stock in a research note on Thursday, December 11th. The Goldman Sachs Group increased their price target on Duke Energy from $141.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Evercore reaffirmed an "in-line" rating and issued a $139.00 target price on shares of Duke Energy in a research note on Thursday, March 5th. Finally, Jefferies Financial Group increased their price target on Duke Energy from $125.00 to $141.00 and gave the stock a "hold" rating in a report on Tuesday, February 17th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Duke Energy currently has an average rating of "Hold" and a consensus price target of $137.80.

Key Duke Energy News

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

• Positive Sentiment: Reached settlement agreements with North Carolina and South Carolina customer advocates and the NC Attorney General on the proposed combination of Duke Energy Carolinas and Duke Energy Progress — settlements promise "measurable, trackable" customer savings and reduce regulatory uncertainty around the merger. PR Newswire — NC settlement
• Positive Sentiment: UBS raised its price target on DUK to $140 (from $136), signaling some analyst confidence in Duke's earnings and strategic outlook. MarketScreener — UBS price target
• Neutral Sentiment: Broader weakness in energy names: the NYSE Energy Sector Index fell, weighing on utility/energy stocks generally and adding sector headwinds to Duke's share movement. Yahoo Finance — sector update
• Negative Sentiment: Duke priced an upsized private placement of $1.3B 3.000% convertible senior notes due 2029 — debt/convertible issuance can dilute equity on conversion and raises leverage, which investors often view as a near‑term negative despite low coupon. (The deal started as a $1B proposed offering.) PR Newswire — convertible notes
• Negative Sentiment: Thousands of customers are calling for an audit after a spike in power bills — heightened regulatory scrutiny and customer frustration can lead to political/regulatory costs and reputational risk. MSN — audit demands after bill spike
• Negative Sentiment: Local opposition as Duke plans a gas‑fired plant expansion — neighbors raise air‑pollution and health concerns, which can delay projects and increase permitting/legal costs. Independent Mail — community opposition
• Negative Sentiment: Reliability issues reported in local outages (e.g., Davie County schools delayed due to power outages) — short‑term reliability incidents can amplify regulatory and PR pressure. MSN — outages/school delay
• Negative Sentiment: Local reporting says NC carbon emissions may rise as Duke recommits to fossil fuels — ESG concerns could affect investor sentiment and attract regulatory/activist scrutiny. News & Observer — carbon/emissions story

Duke Energy Stock Performance

Shares of NYSE DUK opened at $129.68 on Wednesday. Duke Energy Corporation has a one year low of $111.22 and a one year high of $132.65. The firm has a market cap of $100.85 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.84 and a beta of 0.50. The stock's fifty day moving average price is $123.09 and its two-hundred day moving average price is $122.45. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.33.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.01. The firm had revenue of $7.94 billion during the quarter, compared to analysts' expectations of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same period in the previous year, the firm earned $1.66 EPS. On average, equities analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be paid a $1.065 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.26 annualized dividend and a yield of 3.3%. Duke Energy's dividend payout ratio is presently 67.41%.

Insider Buying and Selling

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

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.

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