Patriot Financial Group Insurance Agency LLC Reduces Stock Position in Duke Energy Corporation $DUK

Patriot Financial Group Insurance Agency LLC reduced its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 48.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,020 shares of the utilities provider’s stock after selling 9,256 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Duke Energy were worth $1,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Basso Capital Management L.P. acquired a new stake in Duke Energy in the fourth quarter valued at $25,000. Evolution Wealth Management Inc. grew its holdings 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 worth $26,000 after acquiring an additional 200 shares in the last quarter. Triumph Capital Management grew its holdings 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 acquiring an additional 94 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Duke Energy in the 4th quarter worth about $28,000. Finally, Evergreen Advisors LLC bought a new stake in shares of Duke Energy in the 1st quarter worth about $36,000. Institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research report on Friday, July 31st. Barclays lowered their price objective on Duke Energy from $140.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Morgan Stanley set a $138.00 price objective on Duke Energy in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. increased their target price on Duke Energy from $136.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Wells Fargo & Company lifted their target price on Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $138.44.

Duke Energy Trading Down 0.5%

Duke Energy stock opened at $123.83 on Friday. Duke Energy Corporation has a 1 year low of $113.89 and a 1 year high of $134.49. The firm’s 50-day moving average is $125.77 and its 200-day moving average is $126.53. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The company has a market cap of $96.55 billion, a P/E ratio of 18.59, a PEG ratio of 2.74 and a beta of 0.38.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. The business had revenue of $7.59 billion during the quarter, compared to the consensus estimate of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. On average, equities analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current 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 paid a $1.085 dividend. The ex-dividend date is Friday, August 14th. This is an increase from Duke Energy’s previous quarterly dividend of $1.06. This represents a $4.34 dividend on an annualized basis and a yield of 3.5%. Duke Energy’s payout ratio is presently 63.96%.

More Duke Energy News

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

About Duke Energy

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.