Janus Henderson Group PLC increased its holdings in Duke Energy Corporation (NYSE:DUK – Free Report) by 5,254.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,735,816 shares of the utilities provider’s stock after acquiring an additional 2,684,721 shares during the quarter. Janus Henderson Group PLC owned about 0.35% of Duke Energy worth $358,227,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Duke Energy by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock valued at $9,172,709,000 after purchasing an additional 1,957,592 shares in the last quarter. Amundi raised its stake in Duke Energy by 56.9% in the fourth quarter. Amundi now owns 2,662,460 shares of the utilities provider’s stock worth $312,067,000 after buying an additional 965,808 shares in the last quarter. Franklin Resources Inc. raised its stake in Duke Energy by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after buying an additional 954,907 shares in the last quarter. Milford Funds Ltd. purchased a new stake in Duke Energy in the fourth quarter worth about $97,905,000. Finally, Cohen & Steers Inc. boosted its position in Duke Energy by 83.3% during the 4th quarter. Cohen & Steers Inc. now owns 1,711,445 shares of the utilities provider’s stock valued at $200,598,000 after acquiring an additional 777,878 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.
Key Duke Energy News
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy is expected to report year-over-year second-quarter EPS growth, supported by ongoing grid investment, rising electricity demand and recent infrastructure milestones. The earnings preview may reinforce the company’s long-term growth narrative ahead of its results. Duke Energy to Release Q2 Earnings: What’s in Store for the Stock?
- Positive Sentiment: The company plans to employ about 1,000 workers on multibillion-dollar electricity and natural-gas projects in North Carolina. The projects could expand Duke’s regulated asset base and position it to benefit from increasing regional power demand, although they also require substantial capital spending. Duke Energy to employ 1,000 to build multibillion-dollar power projects
- Positive Sentiment: Installation of underground power lines on Horatio Avenue should improve grid resilience and reliability, though the immediate financial impact is likely limited. Duke Energy starts installing underground power lines on Horatio Avenue
- Neutral Sentiment: Recent earnings results from other utilities, including WEC Energy, Exelon, NorthWestern and FirstEnergy, highlight continued benefits from rate-base growth, transmission investment and data-center demand. These reports offer a constructive sector backdrop but do not directly change Duke Energy’s earnings outlook.
- Neutral Sentiment: The Duke Energy Foundation announced $300,000 in grants for more than 30 organizations serving older South Carolinians. The initiative supports community relations but is unlikely to materially affect earnings or valuation. Duke Energy Foundation provides $300,000 in grants
- Negative Sentiment: North Carolina regulators reportedly reduced a proposed Duke Energy rate increase nearly by half, although customer bills would still rise. The lower approved increase could constrain near-term revenue and earnings growth relative to Duke’s request. North Carolina Duke Energy rate hike is cut nearly in half
- Negative Sentiment: DUK declined while the market gained, indicating investors may be taking profits or reducing exposure before the Q2 earnings release. The stock’s move appears more tied to positioning and rate-case concerns than to a new earnings miss.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on DUK
Insiders Place Their Bets
In related news, CEO Harry K. Sideris sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 96,102 shares in the company, valued at $11,952,205.74. The trade was a 17.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Louis E. Renjel sold 3,500 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $125.15, for a total transaction of $438,025.00. Following the sale, the chief executive officer directly owned 21,415 shares in the company, valued at $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.12% of the company’s stock.
Duke Energy Price Performance
Shares of NYSE DUK opened at $126.29 on Friday. The company has a 50 day simple moving average of $125.65 and a two-hundred day simple moving average of $126.17. 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 market capitalization of $98.46 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 2.84 and a beta of 0.38. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The firm had revenue of $9.18 billion for 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%.The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 EPS. Analysts expect that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.
Duke Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a $1.085 dividend. This represents a $4.34 annualized dividend and a yield of 3.4%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, August 14th. Duke Energy’s dividend payout ratio is presently 66.46%.
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.
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