Nuveen LLC cut its stake in Duke Energy Corporation (NYSE:DUK – Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,949,307 shares of the utilities provider’s stock after selling 172,584 shares during the quarter. Nuveen LLC’s holdings in Duke Energy were worth $697,318,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Dorato Capital Management bought a new stake in shares of Duke Energy in the 4th quarter valued at about $26,000. Evolution Wealth Management Inc. increased its stake in shares of Duke Energy by 1,111.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Duke Energy in the 3rd quarter valued at about $27,000. Lodestone Wealth Management LLC bought a new stake in shares of Duke Energy in the 4th quarter valued at about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Duke Energy by 300.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 280 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. 65.31% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research note on Monday, May 4th. UBS Group lowered their target price on Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. JPMorgan Chase & Co. lowered their target price on Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Mizuho increased their target price on Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group lowered their target price on Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $138.93.
Insider Activity at Duke Energy
In other news, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the completion of the transaction, the chief executive officer directly owned 96,102 shares of the company’s stock, valued at $11,952,205.74. This trade represents a 17.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Louis E. Renjel sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the transaction, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This represents a 14.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by company insiders.
Duke Energy News Summary
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy joined the new Careers Electric coalition, aiming to help train 25,000 workers over the next 10 years and strengthen the utility’s labor pipeline, especially in North Carolina. That could support Duke’s ability to staff grid and infrastructure projects as demand rises. Article Title
- Positive Sentiment: The U.S. Department of Energy approved up to $96 million in grants to help refurbish Duke’s coal-fired plants in Kentucky and North Carolina, which may reduce capital burden and support grid reliability. Article Title
- Positive Sentiment: CEO Harry Sideris said electricity demand is growing at 10 times the historical pace, reinforcing the long-term case for regulated utilities like Duke as data-center and electrification demand accelerate. Article Title
- Neutral Sentiment: Duke was named a “Moderate Buy” by brokerages, which supports a constructive longer-term view but is not a fresh catalyst by itself. Article Title
- Neutral Sentiment: Investor interest remains elevated, with Duke appearing frequently in stock-watch and “trending stock” coverage, suggesting the market is still reassessing the utility’s growth story. Article Title
- Negative Sentiment: Regulatory headlines are weighing on sentiment, including questions over Duke’s role in attracting new data centers to North Carolina and concerns that a pause in solar procurement could affect customer bills and project timing. Article Title Article Title
Duke Energy Price Performance
NYSE DUK opened at $124.23 on Friday. The stock has a market cap of $96.85 billion, a price-to-earnings ratio of 19.02 and a beta of 0.39. Duke Energy Corporation has a 52-week low of $113.66 and a 52-week high of $134.49. The business has a 50 day simple moving average of $126.28 and a 200 day simple moving average of $124.00. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66.
Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.06. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS. Analysts anticipate that Duke Energy Corporation will post 6.71 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be paid a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.
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.
Featured Stories
- Five stocks we like better than Duke Energy
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK – Free Report).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.
