Quantinno Capital Management LP Buys 234,139 Shares of Duke Energy Corporation $DUK

Quantinno Capital Management LP lifted its stake in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 65.3% during the first quarter, Holdings Channel.com reports. The firm owned 592,879 shares of the utilities provider’s stock after buying an additional 234,139 shares during the period. Quantinno Capital Management LP’s holdings in Duke Energy were worth $77,632,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DUK. World Investment Advisors lifted its position in shares of Duke Energy by 62.7% in the fourth quarter. World Investment Advisors now owns 42,680 shares of the utilities provider’s stock worth $5,003,000 after purchasing an additional 16,450 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Duke Energy by 22.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,530 shares of the utilities provider’s stock valued at $15,534,000 after purchasing an additional 24,497 shares in the last quarter. Moseley Investment Management Inc. increased its stake in Duke Energy by 423.6% in the 4th quarter. Moseley Investment Management Inc. now owns 9,749 shares of the utilities provider’s stock valued at $1,143,000 after buying an additional 7,887 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Duke Energy by 29.3% during the 4th quarter. Farther Finance Advisors LLC now owns 53,861 shares of the utilities provider’s stock worth $6,313,000 after buying an additional 12,219 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. bought a new stake in Duke Energy during the 4th quarter worth about $1,316,000. 65.31% of the stock is owned by institutional investors.

Trending Headlines about Duke Energy

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

  • Positive Sentiment: Analysts expect Duke Energy’s upcoming earnings to grow and identify factors that could support an earnings beat. A favorable report could reinforce investor confidence in the company’s regulated growth outlook. Duke Energy Earnings Expected to Grow
  • Positive Sentiment: Duke says expanding data-center demand should create long-term customer savings, suggesting a potential source of load growth and infrastructure investment. The company also promised not to raise rates to cover data-center costs, which may reduce near-term political and customer backlash. Duke Energy Says Data Center Growth Will Deliver Long-Term Customer Savings Duke Energy Promises No Rate Hikes
  • Neutral Sentiment: Comparable utility results were encouraging: DTE Energy beat second-quarter estimates despite a year-over-year earnings decline, while CenterPoint Energy reported an adjusted earnings beat and 10.7% revenue growth. The reports provide sector context but do not directly change Duke’s earnings outlook. DTE Energy Q2 Earnings CenterPoint Energy Q2 Earnings
  • Neutral Sentiment: The Duke Energy Foundation announced another $1 million for North Carolina nonprofits, taking total customer-assistance and community support above $65 million since 2016. The initiative may strengthen community relations but has limited direct earnings impact. Duke Energy North Carolina Customer Assistance
  • Negative Sentiment: North Carolina officials and an attorney general are pressing Duke to protect ratepayers from data-center-related costs. Although Duke reduced its proposed rate increase and says data centers will not drive customer rate hikes, continued political and regulatory opposition could delay approvals or constrain returns. Attorney General Calls for Data Center Protections Duke Energy Rate Increase Opposition
  • Negative Sentiment: Storm-related outages left thousands of Duke customers without power, creating potential near-term restoration costs and reputational pressure. Duke Energy Power Outages

Duke Energy Stock Up 0.4%

Shares of DUK stock opened at $129.36 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. The firm’s 50-day moving average is $125.51 and its 200-day moving average is $126.02. The stock has a market cap of $100.85 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.84 and a beta of 0.38. Duke Energy Corporation has a 52-week low of $113.89 and a 52-week high of $134.49.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.Duke Energy’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $1.76 earnings per share. Sell-side analysts predict that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be paid a dividend of $1.085 per share. The ex-dividend date is Friday, August 14th. This represents a $4.34 annualized dividend and a dividend yield of 3.4%. This is an increase from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio is presently 65.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Capitol Sec Mgt cut Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. BMO Capital Markets reduced their price target on Duke Energy from $138.00 to $134.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. BTIG Research restated a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price target on Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, Barclays dropped their price objective on Duke Energy from $143.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, June 18th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.62.

View Our Latest Report on DUK

Insider Activity at Duke Energy

In related news, CEO Louis E. Renjel sold 3,500 shares of the business’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 approximately $2,680,087.25. The trade was a 14.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Harry K. Sideris sold 20,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer owned 96,102 shares in the company, valued at approximately $11,952,205.74. This trade represents a 17.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

About Duke Energy

(Free Report)

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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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