Duke Energy Corporation $DUK Holdings Lifted by Tectonic Advisors LLC

Tectonic Advisors LLC increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,497 shares of the utilities provider’s stock after acquiring an additional 6,302 shares during the period. Tectonic Advisors LLC’s holdings in Duke Energy were worth $12,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. World Investment Advisors lifted its position in shares of Duke Energy by 62.7% during the 4th quarter. World Investment Advisors now owns 42,680 shares of the utilities provider’s stock valued at $5,003,000 after acquiring an additional 16,450 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Duke Energy by 22.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,530 shares of the utilities provider’s stock worth $15,534,000 after acquiring an additional 24,497 shares during the last quarter. Sarasin & Partners LLP grew its holdings in shares of Duke Energy by 15.3% in the 2nd quarter. Sarasin & Partners LLP now owns 1,283,213 shares of the utilities provider’s stock worth $162,429,000 after acquiring an additional 170,700 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Duke Energy by 29.3% during the fourth quarter. Farther Finance Advisors LLC now owns 53,861 shares of the utilities provider’s stock worth $6,313,000 after purchasing an additional 12,219 shares during the period. Finally, Meritage Portfolio Management purchased a new stake in shares of Duke Energy during the fourth quarter valued at $4,018,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Trading Up 0.8%

NYSE:DUK opened at $124.51 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43. Duke Energy Corporation has a fifty-two week low of $113.89 and a fifty-two week high of $134.49. The stock’s 50-day moving average is $125.77 and its two-hundred day moving average is $126.55. The stock has a market cap of $97.08 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.72 and a beta of 0.38.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. The business had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be given a $1.085 dividend. This represents a $4.34 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, August 14th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s payout ratio is currently 63.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DUK shares. Morgan Stanley set a $138.00 price target on Duke Energy in a research note on Wednesday, July 22nd. Evercore upped their price objective on shares of Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. BMO Capital Markets decreased their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research report on Friday, July 31st. Finally, Truist Financial boosted their price target on shares of Duke Energy from $137.00 to $138.00 and gave the company a “buy” rating in a report on Friday, July 17th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.44.

More Duke Energy News

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke Energy restored approximately 223,000 outages in Greater Cincinnati—about 85% of the total—within 48 hours. Crews expect to restore nearly all remaining customers, reducing operational and reputational concerns from the storm damage. Duke Energy restores 85% of Greater Cincinnati outages
• Positive Sentiment: The company’s North Carolina rate case remains a potential earnings support. Duke has reduced its proposed increase as regulators consider a settlement, which could still provide additional revenue and recovery of infrastructure costs if approved. Duke Energy cuts proposed rate hike
• Neutral Sentiment: Duke Energy completed the sale of 40 million equity units. The financing provides capital for investment and financial needs, but the equity-linked structure may increase the company’s share count and could pressure per-share value. Duke Energy completes major equity units financing offering
• Neutral Sentiment: Emergency grants and continued restoration efforts in Ohio and Kentucky demonstrate community support following widespread storm damage, although the associated response and repair costs could affect near-term results. Duke Energy Foundation awards emergency grants
• Negative Sentiment: North Carolina Attorney General Jeff Jackson rejected a proposed settlement involving a 6.8% residential rate increase, creating uncertainty over the timing and size of any approved rate relief. Consumer advocates are also challenging Duke’s requests by citing the company’s profitability. Attorney general rejects Duke Energy settlement
• Negative Sentiment: The severe Cincinnati-area storms left more than 180,000 customers without power at the peak, highlighting potential repair expenses and weather-related execution risks for Duke Energy. Duke Energy customers remain without power

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.