Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,240,257 shares of the utilities provider’s stock after selling 140,128 shares during the quarter. Duke Energy makes up about 0.8% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s investment portfolio, making the stock its 20th biggest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Duke Energy were worth $156,992,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in DUK. Basso Capital Management L.P. purchased a new position in Duke Energy during the fourth quarter worth about $25,000. Evolution Wealth Management Inc. grew 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 valued at $26,000 after buying an additional 200 shares during the period. Triumph Capital Management increased its stake in shares of 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 acquiring an additional 94 shares during the last quarter. Cornerstone Financial Management LLC purchased a new position in shares of Duke Energy during the 4th quarter worth about $28,000. Finally, Evergreen Advisors LLC purchased a new position in shares of Duke Energy during the 1st quarter worth about $36,000. Institutional investors and hedge funds 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: Utilities could benefit from rising electricity demand tied to the rapid expansion of artificial-intelligence data centers. The trend supports Duke Energy’s long-term generation and grid-investment opportunity, although the referenced article focuses on utility ETFs rather than DUK specifically. Utility ETFs to Buy as Rapid AI Buildout Sparks Energy Crisis
- Positive Sentiment: Duke Energy has restored most power after severe storms in Greater Cincinnati, with nearly 223,000 outages addressed and crews working to restore the remaining customers. Faster restoration limits prolonged service disruption and reputational damage. Duke Energy restores 85% of Greater Cincinnati outages
- Neutral Sentiment: The Duke Energy Foundation announced $500,000 for North Carolina small-business programs and emergency grants for storm recovery in Ohio and Kentucky. The initiatives may support community relations but are not financially material to DUK. Duke Energy invests $500,000 to help small businesses
- Negative Sentiment: Duke Energy completed the sale of 40 million equity units. The financing provides capital for infrastructure and growth, but the additional equity can dilute existing shareholders and signals substantial funding needs. Duke Energy Completes Major Equity Units Financing Offering
- Negative Sentiment: North Carolina Attorney General Jeff Jackson is challenging a proposed 6.8% residential rate increase and rejecting the related settlement. Regulatory opposition raises uncertainty over Duke’s ability to recover costs and earn its targeted returns. AG Jeff Jackson rejects Duke Energy settlement
- Negative Sentiment: A proposed Duke Energy plant is drawing opposition in Davie and Davidson counties, creating potential permitting, construction and political obstacles. More than 2,000 customers also remained without power during severe storms, highlighting near-term reliability and restoration costs. Duke Energy plant proposal draws opposition
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Duke Energy
Duke Energy Stock Down 0.5%
Shares of Duke Energy stock opened at $123.83 on Friday. Duke Energy Corporation has a twelve month low of $113.89 and a twelve month high of $134.49. The stock has a market cap of $96.55 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 2.73 and a beta of 0.38. 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 company has a fifty day moving average price of $125.77 and a 200 day moving average price of $126.53.
Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.
Duke Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a dividend of $1.085 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 annualized dividend and a yield of 3.5%. Duke Energy’s dividend payout ratio is presently 63.96%.
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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