Vanguard Group Inc. Boosts Holdings in Duke Energy Corporation $DUK

Vanguard Group Inc. raised its stake in Duke Energy Corporation (NYSE:DUK) by 0.8% in the third quarter, HoldingsChannel reports. The fund owned 76,301,165 shares of the utilities provider’s stock after purchasing an additional 584,382 shares during the period. Vanguard Group Inc. owned 0.10% of Duke Energy worth $9,442,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in Duke Energy during the second quarter valued at $28,000. Access Investment Management LLC purchased a new stake in shares of Duke Energy during the 2nd quarter worth about $31,000. Anfield Capital Management LLC grew its position in shares of Duke Energy by 2,608.3% during the 2nd quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 313 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Duke Energy in the 3rd quarter valued at about $39,000. Finally, Total Investment Management Inc. acquired a new position in Duke Energy in the 2nd quarter worth about $46,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Up 1.6%

Shares of NYSE:DUK opened at $128.14 on Tuesday. Duke Energy Corporation has a 52-week low of $110.51 and a 52-week high of $130.03. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54. The business has a fifty day moving average of $118.93 and a two-hundred day moving average of $121.87. The stock has a market cap of $99.65 billion, a P/E ratio of 20.28, a PEG ratio of 2.78 and a beta of 0.51.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. The firm had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.57 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. Duke Energy has set its FY 2026 guidance at 6.550-6.800 EPS. On average, research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, February 13th. Duke Energy’s dividend payout ratio is presently 67.41%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a report on Monday, December 29th. JPMorgan Chase & Co. dropped their price target on shares of Duke Energy from $136.00 to $126.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Barclays reduced their price objective on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. BTIG Research reiterated a “buy” rating and issued a $141.00 target price on shares of Duke Energy in a research report on Friday, January 30th. Finally, Royal Bank Of Canada reduced their price target on shares of Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, January 23rd. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.19.

Insider Buying and Selling at Duke Energy

In related news, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $127.67, for a total value of $868,156.00. Following the sale, the chief executive officer directly owned 22,007 shares in the company, valued at approximately $2,809,633.69. The trade was a 23.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Alexander Glenn sold 8,200 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the transaction, the executive vice president directly owned 11,367 shares of the company’s stock, valued at approximately $1,407,234.60. This trade represents a 41.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by company insiders.

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.