Robeco Institutional Asset Management B.V. Acquires 148,472 Shares of Duke Energy Corporation $DUK

Robeco Institutional Asset Management B.V. lifted its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 116.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,070 shares of the utilities provider's stock after purchasing an additional 148,472 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Duke Energy were worth $32,576,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DUK. GQG Partners LLC increased its holdings in Duke Energy by 17,880.0% during the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider's stock worth $1,250,133,000 after buying an additional 10,192,503 shares during the last quarter. Nuveen LLC acquired a new position in Duke Energy during the first quarter worth $702,351,000. Raymond James Financial Inc. increased its holdings in Duke Energy by 88.1% during the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider's stock worth $592,934,000 after buying an additional 2,276,948 shares during the last quarter. Vanguard Group Inc. increased its holdings in Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock worth $9,094,327,000 after buying an additional 1,676,061 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Duke Energy by 359.1% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider's stock worth $138,145,000 after buying an additional 885,900 shares during the last quarter. Institutional investors own 65.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DUK. Barclays boosted their target price on shares of Duke Energy from $122.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Duke Energy in a report on Saturday, September 27th. Jefferies Financial Group downgraded shares of Duke Energy from a "buy" rating to a "hold" rating and decreased their price objective for the company from $141.00 to $134.00 in a report on Friday, September 26th. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Finally, BMO Capital Markets upped their price objective on shares of Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Duke Energy presently has an average rating of "Moderate Buy" and an average price target of $132.25.

Duke Energy Trading Up 1.7%

DUK stock opened at $123.58 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The company's 50-day simple moving average is $122.58 and its 200 day simple moving average is $119.61. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85. The company has a market capitalization of $96.10 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the company posted $1.18 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were given a dividend of $1.065 per share. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Duke Energy's dividend payout ratio (DPR) is currently 69.27%.

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the sale, the senior vice president owned 19,608 shares of the company's stock, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the sale, the executive vice president directly owned 46,422 shares of the company's stock, valued at $5,768,397.72. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.

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