Duke Energy Corporation $DUK Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in Duke Energy Corporation (NYSE:DUK) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 422,475 shares of the utilities provider’s stock after buying an additional 46,860 shares during the period. Pictet Asset Management Holding SA’s holdings in Duke Energy were worth $48,166,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Evergreen Advisors LLC acquired a new stake in shares of Duke Energy during the first quarter valued at about $36,000. Livelsberger Financial Advisory acquired a new position in shares of Duke Energy in the 3rd quarter worth approximately $31,000. Compass Wealth Management LLC acquired a new position in shares of Duke Energy in the 3rd quarter worth approximately $33,000. Dynamic Wealth Strategies LLC acquired a new position in shares of Duke Energy in the 1st quarter worth approximately $38,000. Finally, Gill Capital Partners LLC boosted its position in shares of Duke Energy by 128.9% during the 2nd quarter. Gill Capital Partners LLC now owns 309 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 174 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DUK shares. BTIG Research reiterated a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. Morgan Stanley upped their price target on Duke Energy from $127.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. lowered their price target on Duke Energy from $137.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. HSBC assumed coverage on Duke Energy in a research note on Thursday, October 22nd. They issued a “hold” rating and a $123.00 price objective for the company. Finally, Mizuho set a $136.00 price objective on Duke Energy in a report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and nine have given 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 $132.19.

Duke Energy News Summary

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

• Positive Sentiment: Duke Energy Florida filed plans for four solar sites targeted for completion by mid-2028, projecting $1 billion in customer savings. The projects could support the utility’s generation plans, though they still require regulatory approval. Duke Energy Florida plans four new solar energy sites
• Positive Sentiment: U.S. power demand is expected to set records in 2026 and 2027 as AI use expands. Greater demand could create long-term opportunities for Duke Energy, although the benefit depends on the company’s ability to add capacity and serve large customers. U.S. power demand to beat record highs
• Neutral Sentiment: Duke Energy reached an agreement on customer protections for data centers in North Carolina. The safeguards may address concerns about shifting costs to households, while potentially shaping the terms and economics of serving major new customers. Duke Energy reaches agreement on data center customer protections
• Neutral Sentiment: Davidson County is weighing a large rezoning request for a proposed Duke Energy natural-gas complex. The project could add generation capacity, but its progress depends on local approval. Davidson County weighs rezoning for Duke Energy gas complex
• Negative Sentiment: Florida regulators rejected Duke Energy’s data-center plan, citing risks to consumers. The decision could delay or prevent the company from capturing expected demand from a large customer and highlights regulatory scrutiny over who pays for infrastructure. Florida regulators reject Duke Energy data center plan

Insider Buying and Selling

In other Duke Energy news, EVP Bonnie Titone sold 2,900 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $128.00, for a total value of $371,200.00. Following the completion of the transaction, the executive vice president owned 26,111 shares in the company, valued at $3,342,208. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is owned by corporate insiders.

Duke Energy Stock Up 0.7%

Shares of DUK opened at $128.96 on Wednesday. The company’s 50-day simple moving average is $120.18 and its 200-day simple moving average is $124.61. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.44 and a current ratio of 0.68. Duke Energy Corporation has a 1 year low of $112.40 and a 1 year high of $134.49. The stock has a market capitalization of $100.55 billion, a PE ratio of 18.85, a P/E/G ratio of 2.99 and a beta of 0.33.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.13. The firm had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $8.91 billion. Duke Energy had a net margin of 15.94% and a return on equity of 9.82%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.81 earnings per share. Analysts forecast that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Friday, November 13th will be given a $1.0850 dividend. This represents a $4.34 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s dividend payout ratio (DPR) is currently 63.45%.

Duke Energy Profile

Duke Energy is a U.S. energy company focused primarily on regulated electric utilities and natural gas distribution. Its businesses generate, transmit and distribute electricity, and provide natural gas service to residential, commercial and industrial customers. The company serves electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its natural gas distribution operations serve customers in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.