Quadrant Capital Group LLC Buys 6,649 Shares of Duke Energy Corporation $DUK

Quadrant Capital Group LLC lifted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 42.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,427 shares of the utilities provider’s stock after purchasing an additional 6,649 shares during the period. Quadrant Capital Group LLC’s holdings in Duke Energy were worth $2,651,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Merit Financial Group LLC increased its holdings in Duke Energy by 15.7% in the 2nd quarter. Merit Financial Group LLC now owns 70,388 shares of the utilities provider’s stock worth $8,910,000 after acquiring an additional 9,562 shares during the last quarter. Sarasin & Partners LLP lifted its holdings in Duke Energy by 15.3% during the second quarter. Sarasin & Partners LLP now owns 1,283,213 shares of the utilities provider’s stock valued at $162,429,000 after purchasing an additional 170,700 shares during the last quarter. Nykredit A S purchased a new stake in Duke Energy during the second quarter valued at about $17,106,000. V. M. Manning & CO. Inc. purchased a new stake in Duke Energy during the second quarter valued at about $2,432,000. Finally, Cohen Klingenstein LLC bought a new position in Duke Energy during the second quarter worth about $2,051,000. Institutional investors own 65.31% of the company’s stock.

Key Duke Energy News

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

• Positive Sentiment: A Davidson County, North Carolina, planning board recommended approval of Duke Energy’s proposed natural-gas project, while related rezoning in Lexington moved forward. The approvals could support additional generation capacity and long-term reliability, although further regulatory and permitting steps remain. Davidson County Planning Board recommends approval of Duke Energy natural gas project
• Positive Sentiment: Duke Energy Florida launched a new solar site, reinforcing the utility’s investment in renewable generation and potentially supporting its regulated rate base over time. Duke Energy Florida launches new solar site
• Neutral Sentiment: Morgan Stanley raised its price target for Duke Energy from $127 to $128 while maintaining an “equal weight” rating. The change indicates modest expected appreciation but no strong shift in the analyst’s view. Morgan Stanley raises Duke Energy price target
• Neutral Sentiment: Duke Energy lineworkers received six awards at the International Lineman’s Rodeo. The recognition highlights workforce expertise and grid reliability, but is unlikely to materially affect earnings or valuation. Duke Energy lineworkers earn six awards
• Neutral Sentiment: Zacks highlighted increased investor attention and recent market outperformance, but provided no new company-specific earnings or guidance catalyst. Duke Energy attracts investor attention
• Negative Sentiment: KeyCorp reduced its price target for Duke Energy to $128, adding pressure to the analyst outlook and underscoring valuation concerns despite the stock’s defensive utility profile. KeyCorp cuts Duke Energy price target

Duke Energy Stock Performance

NYSE:DUK opened at $120.70 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. Duke Energy Corporation has a 52-week low of $112.40 and a 52-week high of $134.49. The firm has a market cap of $94.11 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 2.83 and a beta of 0.36. The business’s fifty day moving average is $118.82 and its 200 day moving average is $123.50.

Duke Energy (NYSE:DUK) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.30 by $0.13. The business had revenue of $7.59 billion during the quarter, compared to the consensus estimate of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 EPS. Research analysts predict that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be issued a $1.0850 dividend. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s dividend payout ratio is presently 65.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Scotiabank reduced their target price on shares of Duke Energy from $146.00 to $131.00 in a research note on Wednesday, September 30th. BTIG Research restated a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. KeyCorp dropped their price target on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Truist Financial cut their price objective on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research note on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.80.

Duke Energy Company Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.