4,495 Shares in Duke Energy Corporation $DUK Purchased by Pinnacle West Asset Management Inc.

Posted by George Bondi on Aug 22nd, 2026

Pinnacle West Asset Management Inc. purchased a new stake in shares of Duke Energy Corporation (NYSE:DUK – Free Report) in the 2nd quarter, Holdings Channel reports. The fund purchased 4,495 shares of the utilities provider’s stock, valued at approximately $569,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Duke Energy in the 2nd quarter worth approximately $605,680,000. Janus Henderson Group PLC increased its holdings in Duke Energy by 5,254.4% during the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock valued at $358,227,000 after purchasing an additional 2,684,721 shares in the last quarter. Vanguard Group Inc. raised its position in Duke Energy by 2.6% in 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 during the last quarter. Amundi boosted 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 purchasing an additional 965,808 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Duke Energy by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after purchasing an additional 954,907 shares during the last quarter. 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: Duke’s proposed Carolinas resource plan targets 18.5 gigawatts of new solar capacity by 2041, reflecting strong electricity-demand growth in North and South Carolina. The plan could support long-term rate-base expansion, although it also implies substantial capital spending. Duke’s Carolinas resource plan targets 18.5 GW new solar by 2041
Neutral Sentiment: Power was restored in northeast Charlotte after a damaged pole left thousands of Duke customers without electricity. The incident highlights storm-related reliability costs but appears to have been resolved. Power restored after damaged pole caused thousands of Duke Energy customers to be without power
Neutral Sentiment: Severe thunderstorms caused outages across the Charlotte region and parts of western and upstate North Carolina. Temporary outages may increase restoration expenses and draw attention to grid resilience, but no lasting financial impact was reported. Tracking Duke Energy power outages amid rain severe storms in Charlotte region Thousands without power in Upstate and western North Carolina
Neutral Sentiment: Duke employees assembled 10,000 hygiene kits for people in need. The community initiative supports the company’s public image but is unlikely to materially affect earnings. Duke Energy volunteers assemble 10,000 hygiene kits
Negative Sentiment: Morgan Stanley lowered its Duke Energy price target from $138 to $133 and maintained an “equal weight” rating. The revision signals limited near-term conviction despite the target implying potential upside from the referenced price. Morgan Stanley lowers Duke Energy price target
Negative Sentiment: Duke is seeking to disqualify a consumer group from hearings concerning Florida data centers, a move that could intensify regulatory and public-relations scrutiny over data-center electricity costs and customer protections. Duke Energy tries to disqualify consumer group from Florida data center hearings
Negative Sentiment: Criticism that Duke’s policies place disproportionate costs on its poorest North Carolina customers adds political and regulatory risk, potentially complicating rate cases and future infrastructure spending. Duke Energy deals double whammy to its poorest North Carolina customers

Duke Energy Price Performance

Shares of DUK stock opened at $119.89 on Friday. The firm has a market cap of $93.48 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.86 and a beta of 0.38. Duke Energy Corporation has a 12 month low of $113.89 and a 12 month high of $134.49. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. The stock has a 50-day moving average price of $125.64 and a 200 day moving average price of $126.62.

Duke Energy (NYSE:DUK – Get Free Report) last released its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The company had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same period in the prior year, the company posted $1.25 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. Research analysts expect 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. Shareholders of record on Friday, August 14th will be issued a dividend of $1.085 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 dividend on an annualized basis and a yield of 3.6%. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio (DPR) is presently 65.17%.

Analyst Upgrades and Downgrades

DUK has been the subject of a number of research reports. Barclays lowered their target price on Duke Energy from $140.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. KeyCorp raised shares of Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 price objective on the stock in a report on Thursday, July 23rd. BMO Capital Markets lowered their price objective on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Morgan Stanley reduced their target price on shares of Duke Energy from $138.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group decreased their price target on shares of Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average price target of $137.94.

Read Our Latest Research Report on Duke Energy

Duke Energy Company Profile

(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.