Wealthcare Advisory Partners LLC lowered its position in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 19.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,403 shares of the utilities provider’s stock after selling 4,557 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Duke Energy were worth $2,329,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Basso Capital Management L.P. purchased a new stake in shares of Duke Energy during the fourth quarter worth about $25,000. Evolution Wealth Management Inc. lifted its holdings 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 worth $26,000 after purchasing an additional 200 shares in the last quarter. Triumph Capital Management boosted its stake in Duke Energy by 68.6% in 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. Cornerstone Financial Management LLC purchased a new stake in Duke Energy during the 4th quarter valued at approximately $28,000. Finally, Evergreen Advisors LLC purchased a new stake in Duke Energy during the 1st quarter valued at approximately $36,000. 65.31% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
DUK has been the topic of several research analyst reports. Mizuho set a $136.00 target price on shares of Duke Energy in a report on Wednesday, August 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a report on Friday, July 31st. Evercore boosted their price target on shares of Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $136.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, Barclays cut their price objective on Duke Energy from $140.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.44.
Key Headlines Impacting Duke Energy
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy restored electricity to more than 171,000 customers in Greater Cincinnati within 24 hours of severe storms. More than 1,000 additional workers are joining the effort, which could limit prolonged service disruption and reputational damage. Duke Energy restores more than 171,000 outages across Greater Cincinnati
- Positive Sentiment: The restoration progress follows a major outage event that initially affected more than 180,000 customers in Ohio and Kentucky, demonstrating the company’s ability to mobilize crews and begin repairs quickly. More than 160,000 Duke Energy customers remain without power
- Neutral Sentiment: North Carolina regulators are considering Duke Energy’s rate cases, while the company has nearly halved its proposed increase for some Eastern North Carolina and Asheville customers. A lower approved increase could reduce near-term revenue and earnings potential, but a settlement would remove regulatory uncertainty. Duke Energy cuts proposed rate hike
- Neutral Sentiment: Hot weather is driving electricity demand and higher customer bills, while Duke is urging conservation. Increased usage may support revenue, but affordability concerns could intensify regulatory scrutiny. Energy demand spikes as Duke urges customers to cut usage
- Negative Sentiment: Duke priced a $1.75 billion offering of 35 million equity units. Because the units include future purchases of Duke common stock, the transaction introduces potential shareholder dilution and highlights the company’s substantial capital-financing needs. Duke Energy announces pricing of equity units offering
- Negative Sentiment: The Cincinnati storms caused extensive damage, fallen trees and road closures. Although power is being restored, repair and storm-response expenses could pressure near-term cash flow and earnings.
Duke Energy Stock Down 0.0%
Shares of NYSE DUK opened at $123.15 on Thursday. The firm’s 50-day moving average price is $125.72 and its 200-day moving average price is $126.50. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $96.02 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 2.71 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.
Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.30 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.The company had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the business posted $1.25 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. Duke Energy has set its FY 2026 guidance at 6.550-6.800 EPS. On average, equities research analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.
Duke Energy Increases Dividend
The business also recently announced 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. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 14th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.5%. Duke Energy’s dividend payout ratio (DPR) is presently 63.96%.
Duke Energy Company 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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