Edgestream Partners L.P. Sells 24,596 Shares of Duke Energy Corporation $DUK

Edgestream Partners L.P. lessened its holdings in Duke Energy Corporation (NYSE:DUK) by 32.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,316 shares of the utilities provider’s stock after selling 24,596 shares during the period. Edgestream Partners L.P.’s holdings in Duke Energy were worth $6,588,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Duke Energy by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock worth $9,172,709,000 after purchasing an additional 1,957,592 shares during the last quarter. Geode Capital Management LLC grew its stake in Duke Energy by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 19,292,633 shares of the utilities provider’s stock valued at $2,266,675,000 after purchasing an additional 230,375 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Duke Energy by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,931,127 shares of the utilities provider’s stock valued at $1,046,818,000 after purchasing an additional 58,375 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Duke Energy by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after purchasing an additional 954,907 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Duke Energy by 0.4% in the 3rd quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock worth $960,139,000 after buying an additional 31,703 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Louis E. Renjel sold 3,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the completion of the transaction, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Harry K. Sideris sold 20,000 shares of Duke Energy 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 transaction, the chief executive officer owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. This trade represents a 17.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by insiders.

More Duke Energy News

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

• Positive Sentiment: Duke Energy is expected to report year-over-year second-quarter EPS growth, supported by ongoing grid investment, rising electricity demand and recent infrastructure milestones. The earnings preview may reinforce the company’s long-term growth narrative ahead of its results. Duke Energy to Release Q2 Earnings: What’s in Store for the Stock?
• Positive Sentiment: The company plans to employ about 1,000 workers on multibillion-dollar electricity and natural-gas projects in North Carolina. The projects could expand Duke’s regulated asset base and position it to benefit from increasing regional power demand, although they also require substantial capital spending. Duke Energy to employ 1,000 to build multibillion-dollar power projects
• Positive Sentiment: Installation of underground power lines on Horatio Avenue should improve grid resilience and reliability, though the immediate financial impact is likely limited. Duke Energy starts installing underground power lines on Horatio Avenue
• Neutral Sentiment: Recent earnings results from other utilities, including WEC Energy, Exelon, NorthWestern and FirstEnergy, highlight continued benefits from rate-base growth, transmission investment and data-center demand. These reports offer a constructive sector backdrop but do not directly change Duke Energy’s earnings outlook.
• Neutral Sentiment: The Duke Energy Foundation announced $300,000 in grants for more than 30 organizations serving older South Carolinians. The initiative supports community relations but is unlikely to materially affect earnings or valuation. Duke Energy Foundation provides $300,000 in grants
• Negative Sentiment: North Carolina regulators reportedly reduced a proposed Duke Energy rate increase nearly by half, although customer bills would still rise. The lower approved increase could constrain near-term revenue and earnings growth relative to Duke’s request. North Carolina Duke Energy rate hike is cut nearly in half
• Negative Sentiment: DUK declined while the market gained, indicating investors may be taking profits or reducing exposure before the Q2 earnings release. The stock’s move appears more tied to positioning and rate-case concerns than to a new earnings miss.

Duke Energy Trading Down 2.2%

Shares of Duke Energy stock opened at $126.29 on Friday. The stock has a market capitalization of $98.46 billion, a P/E ratio of 19.34, a P/E/G ratio of 2.84 and a beta of 0.38. Duke Energy Corporation has a 52-week low of $113.89 and a 52-week high of $134.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. The stock’s 50-day simple moving average is $125.65 and its 200 day simple moving average is $126.17.

Duke Energy (NYSE:DUK) last issued its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The firm had revenue of $9.18 billion during the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $1.76 earnings per share. As a group, research analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be issued a $1.085 dividend. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 annualized dividend and a yield of 3.4%. Duke Energy’s payout ratio is 66.46%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DUK shares. Jefferies Financial Group reduced their price target on shares of Duke Energy from $143.00 to $138.00 in a research report on Monday, May 11th. Evercore boosted their target price on shares of Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research report on Monday, May 4th. KeyCorp upgraded shares of Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 price target for the company in a research note on Thursday, July 23rd. Finally, Morgan Stanley set a $138.00 price target on shares of Duke Energy in a report on Wednesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $138.62.

Duke Energy Company 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.