Lido Advisors LLC raised its position in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,238 shares of the utilities provider’s stock after acquiring an additional 5,332 shares during the quarter. Lido Advisors LLC’s holdings in Duke Energy were worth $11,542,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Duke Energy in the 2nd quarter worth about $605,680,000. Janus Henderson Group PLC lifted its stake in shares of Duke Energy by 5,254.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock valued at $358,227,000 after purchasing an additional 2,684,721 shares during the period. Swiss National Bank boosted its position in shares of Duke Energy by 7.1% during the 1st quarter. Swiss National Bank now owns 2,282,341 shares of the utilities provider’s stock valued at $298,850,000 after purchasing an additional 151,400 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Duke Energy by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,092,284 shares of the utilities provider’s stock valued at $273,979,000 after purchasing an additional 58,967 shares in the last quarter. Finally, National Pension Service grew its stake in Duke Energy by 1.8% during the second quarter. National Pension Service now owns 2,124,004 shares of the utilities provider’s stock worth $268,856,000 after purchasing an additional 36,835 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have weighed in on DUK. KeyCorp lowered their target price on Duke Energy from $139.00 to $128.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Morgan Stanley boosted their price target on Duke Energy from $127.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 21st. Mizuho set a $136.00 price target on Duke Energy in a report on Wednesday, August 5th. Scotiabank reduced their price objective on shares of Duke Energy from $146.00 to $131.00 in a research report on Wednesday, September 30th. Finally, Wall Street Zen lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.19.
View Our Latest Research Report on Duke Energy
Insiders Place Their Bets
In other Duke Energy news, EVP Bonnie Titone sold 2,900 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $128.00, for a total value of $371,200.00. Following the transaction, the executive vice president owned 26,111 shares in the company, valued at approximately $3,342,208. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.12% of the company’s stock.
Key Stories Impacting Duke Energy
Investors following DUK have been watching these stories:
- Positive Sentiment: Duke Energy Florida has filed plans for four solar sites, targeted for completion by mid-2028, and says they could save customers about $1 billion. The proposal adds to the company’s clean-energy investment plans, though the projects are not yet built. Article: Duke Energy Florida plans 4 new solar energy sites to deliver $1B in customer savings
- Neutral Sentiment: Davidson County is weighing a rezoning request for a proposed Duke Energy natural-gas complex. The project could support future generation, but its development remains subject to local approval. Article: Davidson County Weighs 1,600-Acre Rezoning for Duke Energy Gas Complex on Yadkin River
- Negative Sentiment: Florida regulators rejected Duke Energy’s proposal for handling costs tied to data centers, citing risks to consumers. The decision could limit or complicate cost recovery and adds uncertainty to the company’s plans to serve data-center growth in the state. Article: Florida regulators reject Duke Energy data center cost plan
Duke Energy Trading Down 0.1%
DUK opened at $128.75 on Thursday. The company has a fifty day moving average price of $120.35 and a two-hundred day moving average price of $124.67. Duke Energy Corporation has a 1-year low of $112.40 and a 1-year high of $134.49. The company has a market cap of $100.39 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 3.00 and a beta of 0.33. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 1.49.
Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.13. The company had revenue of $9.10 billion for 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 revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.81 EPS. Analysts predict that Duke Energy Corporation will post 6.73 EPS for the current fiscal year.
Duke Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be paid a dividend of $1.0850 per share. This represents a $4.34 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s dividend payout ratio is 63.45%.
About Duke Energy
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.
Read More
- Five stocks we like better than Duke Energy
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK – Free Report).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.
