Vise Technologies Inc. Buys 10,294 Shares of Duke Energy Corporation $DUK

Vise Technologies Inc. increased its stake in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 31.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,863 shares of the utilities provider’s stock after acquiring an additional 10,294 shares during the quarter. Vise Technologies Inc.’s holdings in Duke Energy were worth $5,024,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DUK. Dorato Capital Management bought a new stake in shares of Duke Energy during the 4th quarter worth about $26,000. Evolution Wealth Management Inc. boosted its holdings in shares of Duke Energy by 1,111.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Duke Energy during the 3rd quarter worth about $27,000. Lodestone Wealth Management LLC bought a new stake in shares of Duke Energy during the 4th quarter worth about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of Duke Energy by 300.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 280 shares of the utilities provider’s stock worth $33,000 after buying an additional 210 shares during the period. Institutional investors own 65.31% of the company’s stock.

Key Headlines Impacting Duke Energy

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

  • Positive Sentiment: The U.S. Department of Energy selected Duke Energy for up to $61.8 million in grant funding to upgrade coal-fired plants in Kentucky and North Carolina, lifting total federal support for Duke projects to nearly $96 million. The funding should help improve reliability and may reduce customer costs. Article Title
  • Positive Sentiment: Duke Energy said it sees data centers driving power demand growth at roughly 10x historic pace, which supports a longer-term growth story for utility load and capital investment. Article Title
  • Positive Sentiment: Duke Energy also received a separate $61.8 million DOE grant headline from market coverage, reinforcing investor interest in federal support for its coal plant modernization efforts. Article Title
  • Neutral Sentiment: Duke Energy Foundation announced $500,000 in grants for South Carolina emergency preparedness and another $500,000 for small-business support in North Carolina. These are positive for reputation, but likely limited direct stock impact. Article Title
  • Negative Sentiment: North Carolina customers and consumer groups are pushing back hard against Duke Energy’s proposed 18% rate hike, which could increase regulatory scrutiny and weigh on sentiment if approval becomes difficult. Article Title
  • Negative Sentiment: St. Petersburg approved a feasibility study on leaving Duke Energy Florida for a city-run utility, a reminder of customer dissatisfaction and a potential long-term competitive/regulatory risk. Article Title

Duke Energy Price Performance

Shares of Duke Energy stock opened at $124.28 on Friday. The company has a 50-day simple moving average of $126.82 and a two-hundred day simple moving average of $123.98. The stock has a market capitalization of $96.89 billion, a price-to-earnings ratio of 19.03 and a beta of 0.39. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45. Duke Energy Corporation has a twelve month low of $113.66 and a twelve month high of $134.49.

Duke Energy (NYSE:DUKGet Free Report) last issued its earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, beating 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 revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.76 EPS. Analysts forecast that Duke Energy Corporation will post 6.71 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Friday, May 15th will be given a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, May 15th. Duke Energy’s dividend payout ratio is currently 65.24%.

Insider Buying and Selling

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,680,087.25. The trade was a 14.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the sale, the chief executive officer directly owned 96,102 shares in the company, valued at $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DUK has been the subject of several analyst reports. Evercore lifted their price objective on shares of Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. BMO Capital Markets dropped their price objective on shares of Duke Energy from $139.00 to $138.00 in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research note on Monday, May 4th. Wells Fargo & Company lifted their price objective on shares of Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Finally, Capitol Sec Mgt cut shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $138.93.

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.

See Also

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:DUKFree Report).

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

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