Duke Energy Corporation $DUK Stock Bought by United Capital Management of KS Inc.

United Capital Management of KS Inc. increased its holdings in Duke Energy Corporation (NYSE:DUK) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,938 shares of the utilities provider’s stock after buying an additional 5,281 shares during the period. Duke Energy accounts for 2.0% of United Capital Management of KS Inc.’s holdings, making the stock its 17th largest position. United Capital Management of KS Inc.’s holdings in Duke Energy were worth $15,156,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DUK. Fulcrum Asset Management LLP acquired a new stake in Duke Energy during the third quarter worth approximately $29,000. Evergreen Advisors LLC acquired a new position in Duke Energy in the 1st quarter valued at $36,000. Livelsberger Financial Advisory bought a new stake in shares of Duke Energy during the 3rd quarter valued at $31,000. Compass Wealth Management LLC bought a new stake in shares of Duke Energy during the 3rd quarter valued at $33,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in shares of Duke Energy during the 1st quarter valued at $38,000. 65.31% of the stock is currently owned by institutional investors.

Key Stories Impacting Duke Energy

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

• Positive Sentiment: Wall Street analysts are described as cautiously optimistic about Duke Energy’s prospects, although the stock has lagged the S&P 500 over the past year. That outlook may support sentiment, but the article does not provide a specific forecast or rating change. Are Wall Street Analysts Predicting Duke Energy Stock Will Climb or Sink?
• Positive Sentiment: Duke Energy Foundation grants to local first-responder agencies offer community-relations benefits, though the story does not indicate a material financial impact. Indiana first-responder grants
• Neutral Sentiment: Davidson County leaders are set to vote on rezoning for a Duke Energy natural-gas facility along the Yadkin River. Approval could advance the project, but the vote is pending and the articles do not report an outcome or quantify its expected financial contribution. Davidson County vote on Duke Energy plant Davidson County rezoning vote
• Negative Sentiment: A news report says a customer’s costly appliance replacements followed a Duke Energy billing mix-up. The case could pose reputational or customer-service concerns, though no broader pattern or material financial exposure is established in the headline. Duke Energy billing mix-up report

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Bonnie Titone sold 2,900 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was 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 of the company’s stock, valued at $3,342,208. This represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on DUK shares. BTIG Research restated a “buy” rating on shares of Duke Energy in a research report on Thursday, July 23rd. Mizuho set a $136.00 price target on Duke Energy in a research note on Wednesday, August 5th. HSBC started coverage on shares of Duke Energy in a research report on Thursday, October 22nd. They set a “hold” rating and a $123.00 price objective for the company. KeyCorp reduced their price objective 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Duke Energy from $137.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.19.

Duke Energy Trading Up 0.4%

Shares of DUK opened at $128.26 on Tuesday. Duke Energy Corporation has a 52-week low of $112.40 and a 52-week high of $134.49. The business’s fifty day moving average is $120.00 and its 200-day moving average is $124.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The firm has a market cap of $100.01 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 3.02 and a beta of 0.33.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.13. The company had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $8.91 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. Duke Energy’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.81 EPS. Equities analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business 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 dividend of $1.0850 per share. The ex-dividend date is Friday, November 13th. This represents a $4.34 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio is 63.45%.

Duke Energy Company 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.

Duke Energy’s power generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable resources.