V. M. Manning & CO. Inc. purchased a new position in Duke Energy Corporation (NYSE:DUK – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,213 shares of the utilities provider’s stock, valued at approximately $2,432,000. Duke Energy makes up approximately 2.1% of V. M. Manning & CO. Inc.’s portfolio, making the stock its 8th largest position.
Other hedge funds have also recently added to or reduced their stakes in the company. Basso Capital Management L.P. bought a new position in shares of Duke Energy in the 4th quarter worth $25,000. Evolution Wealth Management Inc. increased its stake in Duke Energy by 1,111.1% during 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 in the last quarter. Triumph Capital Management increased 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 valued at $27,000 after purchasing an additional 94 shares in the last quarter. Cornerstone Financial Management LLC acquired a new position in Duke Energy during the fourth quarter worth $28,000. Finally, Evergreen Advisors LLC bought a new position in shares of Duke Energy in the first quarter valued at $36,000. Institutional investors and hedge funds own 65.31% of the company’s stock.
Analyst Ratings Changes
DUK has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Morgan Stanley set a $138.00 price target on shares of Duke Energy in a research report on Wednesday, July 22nd. BTIG Research reiterated a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a report on Friday, July 31st. Finally, Truist Financial increased their price objective on Duke Energy from $137.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.44.
Duke Energy Price Performance
Duke Energy stock opened at $123.15 on Thursday. Duke Energy Corporation has a 52 week low of $113.89 and a 52 week high of $134.49. The company’s 50 day moving average price is $125.72 and its two-hundred day moving average price is $126.50. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. The stock has a market cap of $96.02 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.71 and a beta of 0.38.
Duke Energy (NYSE:DUK – Get Free Report) last released its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.13. The company had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.Duke Energy’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. Duke Energy has set its FY 2026 guidance at 6.550-6.800 EPS. On average, equities analysts predict that Duke Energy Corporation will post 6.72 earnings per share for the current year.
Duke Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be paid a $1.085 dividend. This is a boost 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 yield of 3.5%. Duke Energy’s dividend payout ratio is currently 63.96%.
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 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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