Cullinan Associates Inc. Purchases 6,265 Shares of Duke Energy Corporation $DUK

Posted by Stanley Muller on Aug 30th, 2026

Cullinan Associates Inc. increased its holdings in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 20.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,953 shares of the utilities provider’s stock after acquiring an additional 6,265 shares during the period. Cullinan Associates Inc.’s holdings in Duke Energy were worth $4,678,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of DUK. Brighton Jones LLC increased its stake in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after buying an additional 700 shares in the last quarter. Empowered Funds LLC grew its holdings in Duke Energy by 19.6% during the 1st quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock worth $2,825,000 after acquiring an additional 3,797 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in Duke Energy by 1.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock worth $3,686,000 after acquiring an additional 315 shares during the last quarter. AXA S.A. increased its position in Duke Energy by 523.4% in the 2nd quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock valued at $4,983,000 after acquiring an additional 35,458 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in shares of Duke Energy in the second quarter worth about $954,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Key Duke Energy News

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

Positive Sentiment: Duke Energy restored power to customers in Greenville and Spartanburg counties after severe thunderstorms. The relatively quick restoration limits the potential financial and reputational impact of the outages. Power restored after storms in Spartanburg County
Neutral Sentiment: Bank of America’s view that dividend-paying stocks may provide stability in choppy markets could be generally supportive for regulated utilities such as Duke, although the report’s supplied details do not identify a specific recommendation for DUK. BofA names dividend stocks for stability
Neutral Sentiment: An analysis describes DUK as potentially undervalued by about 13%, but says regulatory proceedings involving PJM and Florida tariff treatment for large customers could affect future cost allocation between shareholders and customers. The potential valuation upside is therefore balanced by policy risk. Duke Energy could be undervalued as regulatory questions build
Negative Sentiment: Duke’s newly issued equity units may strengthen funding flexibility, but the financing also raises concerns about additional issuance and potential dilution for existing shareholders. Duke Energy newly issued equity units
Negative Sentiment: Residents and organizers are protesting Duke’s proposed Davidson-Davie gas complex, while a separate petition effort in St. Petersburg seeks to place an anti-Duke measure on the ballot. Opposition could delay projects, increase compliance costs or create additional political risk. Debate over Davie-Davidson Energy Complex

Duke Energy Trading Down 0.5%

Shares of NYSE DUK opened at $120.20 on Friday. Duke Energy Corporation has a fifty-two week low of $113.89 and a fifty-two week high of $134.49. The firm has a market capitalization of $93.72 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.81 and a beta of 0.38. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43. The company’s 50 day simple moving average is $125.32 and its 200 day simple moving average is $126.61.

Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.The business had revenue of $7.59 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. On average, analysts predict that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a dividend of $1.085 per share. This represents a $4.34 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s payout ratio is 65.17%.

Analysts Set New Price Targets

Several research firms have recently commented on DUK. UBS Group decreased their price target on shares of Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. Morgan Stanley dropped their price objective on shares of Duke Energy from $138.00 to $133.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Mizuho set a $136.00 price objective on Duke Energy in a report on Wednesday, August 5th. 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. Finally, Jefferies Financial Group cut their price target on Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.94.

Check Out Our Latest Analysis 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.