Pursuit Wealth Management LLC Acquires New Position in Duke Energy Corporation $DUK

Pursuit Wealth Management LLC bought a new position in Duke Energy Corporation (NYSE:DUK) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,379 shares of the utilities provider’s stock, valued at approximately $630,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Greenwood Capital Associates LLC grew its holdings in Duke Energy by 7.8% during the 4th quarter. Greenwood Capital Associates LLC now owns 27,796 shares of the utilities provider’s stock worth $3,258,000 after acquiring an additional 2,013 shares in the last quarter. United Advisor Group LLC boosted its holdings in shares of Duke Energy by 6.3% in the 4th quarter. United Advisor Group LLC now owns 2,982 shares of the utilities provider’s stock valued at $350,000 after buying an additional 177 shares in the last quarter. CWM LLC boosted its holdings in shares of Duke Energy by 2.3% in the 4th quarter. CWM LLC now owns 214,498 shares of the utilities provider’s stock valued at $25,141,000 after buying an additional 4,804 shares in the last quarter. LS Investment Advisors LLC grew its position in shares of Duke Energy by 6.0% in the 4th quarter. LS Investment Advisors LLC now owns 11,445 shares of the utilities provider’s stock worth $1,341,000 after buying an additional 650 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Duke Energy by 9.0% during the 4th quarter. KBC Group NV now owns 70,369 shares of the utilities provider’s stock worth $8,248,000 after acquiring an additional 5,804 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity

In other news, CEO Louis E. Renjel sold 6,800 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the completion of the transaction, the chief executive officer directly owned 22,007 shares in the company, valued at approximately $2,809,633.69. This represents a 23.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Regis T. Repko sold 962 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was 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 $498,142.56. This represents a 19.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.

Duke Energy Price Performance

Shares of DUK opened at $128.04 on Thursday. Duke Energy Corporation has a 1-year low of $111.22 and a 1-year high of $134.49. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.33. The firm has a market capitalization of $99.63 billion, a PE ratio of 20.26 and a beta of 0.46. The company’s fifty day moving average price is $129.31 and its 200-day moving average price is $124.04.

Duke Energy (NYSE:DUK) last released its earnings results on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. The business had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.57 billion. During the same quarter in the previous year, the company earned $1.66 earnings per share. On average, equities research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Wall Street Analyst Weigh In

DUK has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of 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 set a $139.00 price target on shares of Duke Energy in a research report on Thursday, March 5th. BMO Capital Markets raised their price objective on Duke Energy from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Wall Street Zen upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, UBS Group increased their price target on Duke Energy from $136.00 to $140.00 in a research note on Monday, March 9th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $140.20.

Duke Energy News Roundup

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

• Positive Sentiment: JPMorgan raised its price target on DUK to $139 (from $138), keeping a neutral rating — a modest analyst upgrade that provides some upward support for the share price. MarketScreener
• Positive Sentiment: Duke appears in a utilities income-roundup as a dividend-oriented pick, which can attract yield-focused investors and provide baseline demand for the shares. 247WallSt Article
• Neutral Sentiment: Duke Energy is investing $600,000 in North Carolina workforce training programs (community colleges and partners) — a long-term operational positive but unlikely to move the stock near-term. Yahoo Finance
• Neutral Sentiment: Multiple local grants from the Duke Energy Foundation (community nonprofits, $50K awards, food/mental-health/housing support) boost PR and community relations but have minimal direct financial impact. WBIW
• Neutral Sentiment: Duke will hold its annual shareholders meeting online May 7 — a governance item investors should note but not price-moving by itself. Yahoo Finance Meeting Notice
• Negative Sentiment: Duke filed with the North Carolina Utilities Commission to recover more than $800M in winter fuel and purchased-power costs; while recovery would preserve margins, the request has drawn regulatory and political scrutiny that increases execution risk and short-term uncertainty. Reuters
• Negative Sentiment: Coverage highlights that customers may pay more and that state leaders (including Gov. Stein) are urging action from the utilities commission — a sign of possible public/political pushback that could delay or limit recovery. MSN

About Duke Energy

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.