Odyssean LLC Raises Stake in Duke Energy Corporation $DUK

Key Points

• Odyssean LLC more than doubled its Duke Energy stake in the second quarter, increasing holdings by 109.1% to 23,788 shares valued at approximately $3.0 million. Institutional investors collectively own 65.31% of the company.
• Duke Energy reported second-quarter EPS of $1.43, beating estimates of $1.30, while revenue of $7.59 billion came in slightly below expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $137.94.
• The company raised its quarterly dividend from $1.06 to $1.085 per share, equivalent to an annualized dividend of $4.34 and a 3.6% yield. However, a proposed Florida rate reduction could pressure future revenue and earnings.

Odyssean LLC raised its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 109.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,788 shares of the utilities provider's stock after purchasing an additional 12,411 shares during the quarter. Odyssean LLC's holdings in Duke Energy were worth $3,011,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Basso Capital Management L.P. acquired a new position in Duke Energy in the 4th quarter valued at about $25,000. Evolution Wealth Management Inc. lifted its position in Duke Energy by 1,111.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider's stock worth $26,000 after acquiring an additional 200 shares during the period. Triumph Capital Management grew its stake in shares of 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 purchased a new position in shares of Duke Energy in the 4th quarter valued at approximately $28,000. Finally, Kingdom Financial Group LLC. acquired a new position in shares of Duke Energy in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 65.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DUK shares. JPMorgan Chase & Co. increased their price target on Duke Energy from $136.00 to $141.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Jefferies Financial Group cut their price objective on shares of Duke Energy from $143.00 to $138.00 in a research report on Monday, May 11th. Mizuho set a $136.00 target price on shares of Duke Energy in a research note on Wednesday, August 5th. UBS Group dropped their price target on shares of Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. Finally, BMO Capital Markets cut their price target on shares of Duke Energy from $134.00 to $132.00 and set an "outperform" rating for the company in a report on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Duke Energy presently has an average rating of "Moderate Buy" and a consensus price target of $137.94.

Duke Energy Price Performance

Duke Energy stock opened at $120.11 on Friday. The company has a market cap of $93.65 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 2.83 and a beta of 0.37. Duke Energy Corporation has a one year low of $113.89 and a one year high of $134.49. The business has a fifty day moving average of $124.76 and a two-hundred day moving average of $126.45. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.13. The business had revenue of $7.59 billion for the quarter, compared to analysts' expectations of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. As a group, analysts predict that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a $1.085 dividend. This represents a $4.34 dividend on an annualized basis and a yield of 3.6%. This is a boost from Duke Energy's previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, August 14th. Duke Energy's dividend payout ratio is 65.17%.

Key Stories Impacting Duke Energy

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

• Positive Sentiment: Duke Energy Florida requested lower customer rates beginning in January 2027. The filing could reduce revenue, but it may ease regulatory and political pressure related to high bills. Duke Energy Florida requests to lower rates in 2027
• Positive Sentiment: Duke’s regulated-utility model and decades of dividend increases continue to support its appeal as a defensive income investment, particularly during economic downturns. 3 Utility Dividend Stocks Built to Keep Paying in Any Economy
• Positive Sentiment: Duke upgraded its Trenton battery facility to provide backup power, supporting grid reliability and potentially strengthening the company’s long-term infrastructure strategy. Duke Energy upgrades Trenton battery facility
• Neutral Sentiment: Second-quarter earnings beat expectations at $1.43 per share, although revenue was slightly below forecasts and interest expense increased. Analysts have subsequently lowered estimates, limiting the benefit of the earnings surprise. How Duke’s Q2 2026 Earnings Beat
• Negative Sentiment: The proposed Florida rate reduction could pressure near-term revenue and earnings if approved, even as it benefits customers. Duke Energy's Florida Utility Requests Rate Cut for 2027
• Negative Sentiment: Recent outages in North Carolina, including an incident attributed to a helicopter damaging lines, may create repair costs and renewed scrutiny of service reliability. Duke Energy said helicopter caused Cary outages

Duke Energy Company 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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