IFM Investors Pty Ltd raised its stake in Duke Energy Corporation (NYSE:DUK – Free Report) by 2.8% during the 4th quarter, Holdings Channel reports. The fund owned 187,425 shares of the utilities provider’s stock after acquiring an additional 5,058 shares during the period. IFM Investors Pty Ltd’s holdings in Duke Energy were worth $21,968,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings 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 acquiring an additional 1,957,592 shares during the period. Geode Capital Management LLC raised its holdings in Duke Energy by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 19,292,633 shares of the utilities provider’s stock valued at $2,266,675,000 after acquiring an additional 230,375 shares during the period. Franklin Resources Inc. raised its holdings in Duke Energy by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock valued at $965,446,000 after acquiring an additional 954,907 shares during the period. Northern Trust Corp raised its holdings in Duke Energy by 0.4% in the 3rd quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock valued at $960,139,000 after acquiring an additional 31,703 shares during the period. Finally, Capital Research Global Investors raised its holdings in Duke Energy by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 5,033,225 shares of the utilities provider’s stock valued at $622,862,000 after acquiring an additional 12,758 shares during the period. 65.31% of the stock is owned by institutional investors.
Insider Activity at Duke Energy
In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of the firm’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 value of $438,025.00. Following the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the completion of the sale, the chief executive officer owned 96,102 shares in the company, valued at $11,952,205.74. This represents a 17.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.12% of the company’s stock.
Duke Energy Stock Performance
Duke Energy (NYSE:DUK – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.06. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.76 EPS. As a group, research analysts expect that Duke Energy Corporation will post 6.71 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The company also recently declared 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. The ex-dividend date is Friday, May 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Evercore increased their price target on shares of Duke Energy from $139.00 to $140.00 in a report on Monday, May 11th. BMO Capital Markets lowered their target price on shares of Duke Energy from $139.00 to $138.00 in a report on Wednesday, May 6th. Capitol Sec Mgt cut shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Mizuho raised their target price on shares of Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley lowered their target price on shares of Duke Energy from $141.00 to $132.00 in a report on Thursday, May 21st. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.93.
Read Our Latest Analysis on DUK
Trending Headlines about Duke Energy
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy joined the new Careers Electric coalition, aiming to help train 25,000 workers over the next 10 years and strengthen the utility’s labor pipeline, especially in North Carolina. That could support Duke’s ability to staff grid and infrastructure projects as demand rises. Article Title
- Positive Sentiment: The U.S. Department of Energy approved up to $96 million in grants to help refurbish Duke’s coal-fired plants in Kentucky and North Carolina, which may reduce capital burden and support grid reliability. Article Title
- Positive Sentiment: CEO Harry Sideris said electricity demand is growing at 10 times the historical pace, reinforcing the long-term case for regulated utilities like Duke as data-center and electrification demand accelerate. Article Title
- Neutral Sentiment: Duke was named a “Moderate Buy” by brokerages, which supports a constructive longer-term view but is not a fresh catalyst by itself. Article Title
- Neutral Sentiment: Investor interest remains elevated, with Duke appearing frequently in stock-watch and “trending stock” coverage, suggesting the market is still reassessing the utility’s growth story. Article Title
- Negative Sentiment: Regulatory headlines are weighing on sentiment, including questions over Duke’s role in attracting new data centers to North Carolina and concerns that a pause in solar procurement could affect customer bills and project timing. Article Title Article Title
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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