Commerzbank Aktiengesellschaft FI boosted its position in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,930 shares of the utilities provider’s stock after buying an additional 4,785 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Duke Energy were worth $9,680,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Basso Capital Management L.P. purchased a new position in shares of Duke Energy during the fourth quarter worth approximately $25,000. Dorato Capital Management purchased a new stake in Duke Energy in the 4th quarter valued at $26,000. Evolution Wealth Management Inc. raised its position in Duke Energy by 1,111.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Triumph Capital Management boosted its stake in Duke Energy by 68.6% during the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 94 shares during the period. Finally, Cornerstone Financial Management LLC purchased a new position in Duke Energy during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.
Wall Street Analysts Forecast Growth
DUK has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. BMO Capital Markets lowered their price target on Duke Energy from $138.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday. Barclays dropped their price target on Duke Energy from $143.00 to $134.00 and set an “overweight” rating on the stock in a research report on Thursday, June 18th. Mizuho reduced their price objective on Duke Energy from $139.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, June 18th. Finally, Wall Street Zen upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.47.
Insider Buying and Selling
In related news, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $124.37, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Louis E. Renjel sold 3,500 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the completion of the transaction, the chief executive officer 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 SEC filing for this sale provides additional information. 0.12% of the stock is owned by insiders.
Trending Headlines about Duke Energy
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy Carolinas reached a new settlement that would cut its requested rate hike by more than half, signaling a compromise with regulators that could improve the odds of approval and reduce uncertainty around the company’s North Carolina utility earnings. Duke Energy Carolinas halves its rate hike request in new settlement
- Positive Sentiment: Multiple reports say Duke Energy lowered its proposed rate increase after public and state pushback, which may ease political pressure and support a more manageable path to recovering costs from customers. Duke Energy reaches North Carolina rate deal that would cut proposed increase by more than half
- Positive Sentiment: Truist Financial raised its price target to $138, and BMO still rates the stock “outperform” even after cutting its target to $134, suggesting analysts continue to see upside in Duke Energy shares. Benzinga report on BMO price target change
- Neutral Sentiment: Sector commentary from Zacks highlighted Duke Energy as one of several regulated utilities benefiting from grid upgrades and clean-energy investment themes, but this was broader industry context rather than a company-specific catalyst. Zacks Industry Outlook Highlights NextEra Energy, Duke Energy, American Electric Power and Ameren
- Neutral Sentiment: Some valuation-focused coverage argued DUK could be overvalued after the recent rate-case pushback, which adds a cautious note but is not as immediate a driver as the settlement news. Duke Energy (DUK) Stock Could Be 29% Overvalued After Rate Case Pushback
Duke Energy Stock Up 0.6%
DUK stock opened at $125.82 on Tuesday. The stock has a market capitalization of $98.09 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 2.75 and a beta of 0.38. The company has a fifty day moving average of $124.91 and a 200-day moving average of $125.53. 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 Corporation has a one year low of $113.89 and a one year high of $134.49.
Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 earnings per share. As a group, analysts expect that Duke Energy Corporation will post 6.72 EPS for the current year.
Duke Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be issued a $1.085 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 annualized dividend and a dividend yield of 3.4%. This is an increase from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s payout ratio is 65.24%.
Duke Energy Profile
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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