Securian Asset Management Inc. Has $2.48 Million Position in Duke Energy Corporation $DUK

Securian Asset Management Inc. lowered its position in Duke Energy Corporation (NYSE:DUK) by 43.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,146 shares of the utilities provider’s stock after selling 16,408 shares during the quarter. Securian Asset Management Inc.’s holdings in Duke Energy were worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ABN AMRO Bank N.V. acquired a new position in shares of Duke Energy in the fourth quarter valued at approximately $492,000. Advisor OS LLC increased its stake in shares of Duke Energy by 1.3% in the fourth quarter. Advisor OS LLC now owns 16,575 shares of the utilities provider’s stock valued at $1,943,000 after buying an additional 211 shares during the period. Midwest Trust Co increased its stake in shares of Duke Energy by 4.2% in the fourth quarter. Midwest Trust Co now owns 135,091 shares of the utilities provider’s stock valued at $15,834,000 after buying an additional 5,403 shares during the period. NewEdge Wealth LLC boosted its holdings in Duke Energy by 90.6% in the fourth quarter. NewEdge Wealth LLC now owns 11,374 shares of the utilities provider’s stock valued at $1,333,000 after acquiring an additional 5,408 shares during the last quarter. Finally, Stiles Financial Services Inc boosted its holdings in Duke Energy by 5.5% in the fourth quarter. Stiles Financial Services Inc now owns 25,433 shares of the utilities provider’s stock valued at $2,981,000 after acquiring an additional 1,320 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on DUK. The Goldman Sachs Group upped their target price on Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a report on Monday, May 4th. Royal Bank Of Canada reduced their target price on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, January 23rd. 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. Finally, Truist Financial began coverage on Duke Energy in a report on Monday, April 20th. They issued a “buy” rating and a $142.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.53.

Trending Headlines about Duke Energy

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

Insider Buying and Selling

In related news, 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 value of $123,001.32. Following the completion of the sale, the senior vice president directly owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. This represents a 19.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Harry K. Sideris sold 20,000 shares of the 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 of the company’s stock, valued at $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,762 shares of company stock worth $3,478,557 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Duke Energy Price Performance

Shares of DUK opened at $124.81 on Tuesday. Duke Energy Corporation has a 12-month low of $111.22 and a 12-month high of $134.49. The business’s fifty day moving average is $129.53 and its 200 day moving average is $124.15. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45. The stock has a market cap of $97.30 billion, a P/E ratio of 19.11 and a beta of 0.41.

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

Duke Energy Announces Dividend

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

Duke Energy 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.