QRG Capital Management Inc. Has $22.81 Million Stock Position in Duke Energy Corporation $DUK

Key Points

• QRG Capital Management increased its Duke Energy position by 7.9% in the second quarter, bringing its holdings to 180,200 shares valued at approximately $22.81 million. Institutional investors collectively own 65.31% of the company.
• Duke Energy reported quarterly EPS of $1.43, beating estimates of $1.30, while revenue reached $7.59 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $138.44, versus a recent share price of $124.51.
• The company raised its quarterly dividend from $1.06 to $1.085 per share, equating to a $4.34 annualized payout and a 3.5% yield.

QRG Capital Management Inc. increased its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 7.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,200 shares of the utilities provider's stock after acquiring an additional 13,141 shares during the quarter. QRG Capital Management Inc.'s holdings in Duke Energy were worth $22,810,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. lifted its holdings in shares of Duke Energy by 1.2% in the second quarter. Ables Iannone Moore & Associates Inc. now owns 6,623 shares of the utilities provider's stock valued at $838,000 after purchasing an additional 80 shares in the last quarter. Sharp Wealth Advisory LLC raised its position in Duke Energy by 4.5% during the first quarter. Sharp Wealth Advisory LLC now owns 1,876 shares of the utilities provider's stock valued at $246,000 after buying an additional 81 shares during the period. Absher Wealth Management LLC lifted its stake in Duke Energy by 2.3% in the 1st quarter. Absher Wealth Management LLC now owns 3,648 shares of the utilities provider's stock worth $478,000 after acquiring an additional 81 shares in the last quarter. A4 Wealth Advisors LLC boosted its position in Duke Energy by 3.3% during the 4th quarter. A4 Wealth Advisors LLC now owns 2,597 shares of the utilities provider's stock worth $304,000 after acquiring an additional 82 shares during the period. Finally, Elm Partners Management LLC grew its stake in Duke Energy by 0.9% during the 4th quarter. Elm Partners Management LLC now owns 9,254 shares of the utilities provider's stock valued at $1,085,000 after acquiring an additional 83 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on DUK shares. BTIG Research restated a "buy" rating on shares of Duke Energy in a report on Thursday, July 23rd. BMO Capital Markets lowered their price target on shares of Duke Energy from $134.00 to $132.00 and set an "outperform" rating on the stock in a report on Wednesday, August 5th. Barclays cut their price objective on Duke Energy from $140.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, August 5th. Evercore boosted their target price on Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. Finally, Mizuho set a $136.00 price target on Duke Energy in a research note on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.44.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $124.51 on Friday. The stock has a market capitalization of $97.08 billion, a P/E ratio of 18.69, a P/E/G ratio of 2.72 and a beta of 0.38. The business has a 50-day moving average of $125.77 and a two-hundred day moving average of $126.55. Duke Energy Corporation has a fifty-two week low of $113.89 and a fifty-two week high of $134.49. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.13. The business had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.The firm's revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS. On average, equities research analysts predict that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be issued a dividend of $1.085 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 annualized dividend and a dividend yield of 3.5%. This is an increase from Duke Energy's previous quarterly dividend of $1.06. Duke Energy's payout ratio is currently 63.96%.

Duke Energy News Summary

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

• Positive Sentiment: Duke Energy restored approximately 223,000 outages in Greater Cincinnati—about 85% of the total—within 48 hours. Crews expect to restore nearly all remaining customers, reducing operational and reputational concerns from the storm damage. Duke Energy restores 85% of Greater Cincinnati outages
• Positive Sentiment: The company’s North Carolina rate case remains a potential earnings support. Duke has reduced its proposed increase as regulators consider a settlement, which could still provide additional revenue and recovery of infrastructure costs if approved. Duke Energy cuts proposed rate hike
• Neutral Sentiment: Duke Energy completed the sale of 40 million equity units. The financing provides capital for investment and financial needs, but the equity-linked structure may increase the company’s share count and could pressure per-share value. Duke Energy completes major equity units financing offering
• Neutral Sentiment: Emergency grants and continued restoration efforts in Ohio and Kentucky demonstrate community support following widespread storm damage, although the associated response and repair costs could affect near-term results. Duke Energy Foundation awards emergency grants
• Negative Sentiment: North Carolina Attorney General Jeff Jackson rejected a proposed settlement involving a 6.8% residential rate increase, creating uncertainty over the timing and size of any approved rate relief. Consumer advocates are also challenging Duke’s requests by citing the company’s profitability. Attorney general rejects Duke Energy settlement
• Negative Sentiment: The severe Cincinnati-area storms left more than 180,000 customers without power at the peak, highlighting potential repair expenses and weather-related execution risks for Duke Energy. Duke Energy customers remain without power

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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