Duke Energy Corporation $DUK Position Increased by Strategic Planning Group LLC

Strategic Planning Group LLC lifted its position in Duke Energy Corporation (NYSE:DUK) by 10.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 61,678 shares of the utilities provider’s stock after buying an additional 5,959 shares during the quarter. Strategic Planning Group LLC’s holdings in Duke Energy were worth $7,229,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Fortem Financial Group LLC boosted its stake in Duke Energy by 32.0% in the 4th quarter. Fortem Financial Group LLC now owns 3,400 shares of the utilities provider’s stock worth $399,000 after purchasing an additional 824 shares during the period. Swiss Life Asset Management Ltd raised its stake in Duke Energy by 1.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 77,352 shares of the utilities provider’s stock valued at $9,066,000 after purchasing an additional 832 shares during the period. Naples Global Advisors LLC raised its stake in Duke Energy by 0.7% during the 4th quarter. Naples Global Advisors LLC now owns 25,022 shares of the utilities provider’s stock valued at $2,933,000 after purchasing an additional 164 shares during the period. Shoker Investment Counsel Inc. lifted its holdings in shares of Duke Energy by 1.8% in the fourth quarter. Shoker Investment Counsel Inc. now owns 24,952 shares of the utilities provider’s stock valued at $2,925,000 after purchasing an additional 450 shares in the last quarter. Finally, MADDEN SECURITIES Corp boosted its position in shares of Duke Energy by 1.4% in the fourth quarter. MADDEN SECURITIES Corp now owns 7,121 shares of the utilities provider’s stock worth $835,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy News Roundup

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

• Positive Sentiment: Duke Energy submitted an application for Department of Energy loans that could deliver potentially billions of dollars in customer savings while funding grid strengthening and added capacity. Duke Energy applies for Department of Energy loans that represent potentially billions of dollars in customer savings
• Positive Sentiment: Analysts remain broadly constructive, with Evercore raising its price target to $140, suggesting upside from current levels despite some recent share-price softness. Evercore raises Duke Energy price target
• Neutral Sentiment: Duke Energy also received attention for operational and community items, including volunteer work and road closures tied to maintenance, which are unlikely to materially affect earnings. Duke Energy volunteers help Terre Haute Humane Society
• Neutral Sentiment: Jefferies trimmed its price target to $138 from $143, but the new target still implies upside and does not signal a major change in the investment case. Jefferies lowers Duke Energy price target
• Negative Sentiment: CEO Harry K. Sideris sold 20,000 shares in a disclosed transaction, which can create some near-term caution even though insider sales are not always a strong fundamental signal. SEC Form 4 filing for CEO share sale

Duke Energy Stock Performance

Shares of NYSE DUK opened at $124.81 on Tuesday. The business’s 50-day moving average price is $129.53 and its two-hundred day moving average price is $124.15. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. Duke Energy Corporation has a one year low of $111.22 and a one year high of $134.49. The company has a market capitalization of $97.30 billion, a P/E ratio of 19.11 and a beta of 0.41.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS. Duke Energy has set its FY 2026 guidance at 6.550-6.80 EPS. Analysts anticipate that Duke Energy Corporation will post 6.7 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be paid a $1.065 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. Duke Energy’s payout ratio is 65.24%.

Insiders Place Their Bets

In related news, CEO Harry K. Sideris sold 20,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer directly owned 96,102 shares in the company, valued at approximately $11,952,205.74. This represents a 17.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Regis T. Repko sold 962 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the transaction, the senior vice president directly owned 3,896 shares in the company, valued at $498,142.56. The trade was a 19.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,762 shares of company stock valued at $3,478,557 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DUK shares. BMO Capital Markets dropped their price target on Duke Energy from $139.00 to $138.00 in a research report on Wednesday, May 6th. Capitol Sec Mgt cut Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Mizuho upped their target price on Duke Energy from $130.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. The Goldman Sachs Group increased their price target on shares of Duke Energy from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, BTIG Research reaffirmed a “buy” rating and set a $141.00 price objective on shares of Duke Energy in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and an average price target of $140.53.

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.