Tectonic Advisors LLC Has $12.09 Million Holdings in Duke Energy Corporation $DUK

Tectonic Advisors LLC raised its position in shares of Duke Energy Corporation (NYSE:DUK) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,497 shares of the utilities provider’s stock after purchasing an additional 6,302 shares during the period. Tectonic Advisors LLC’s holdings in Duke Energy were worth $12,088,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DUK. Approach Retirement Advisors LLC grew its stake in shares of Duke Energy by 6.0% in the 2nd quarter. Approach Retirement Advisors LLC now owns 3,369 shares of the utilities provider’s stock valued at $426,000 after buying an additional 190 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Duke Energy by 11.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 665,748 shares of the utilities provider’s stock valued at $84,270,000 after acquiring an additional 67,885 shares in the last quarter. Walker Financial Services Inc. acquired a new stake in Duke Energy in the second quarter valued at approximately $263,000. Salem Investment Counselors Inc. lifted its stake in Duke Energy by 2.1% in the second quarter. Salem Investment Counselors Inc. now owns 32,050 shares of the utilities provider’s stock valued at $4,057,000 after acquiring an additional 664 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its position in Duke Energy by 2.6% in the second quarter. Signature Estate & Investment Advisors LLC now owns 3,868 shares of the utilities provider’s stock worth $490,000 after acquiring an additional 98 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. UBS Group cut their price target on shares of Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. BTIG Research reiterated a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of Duke Energy from $136.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Jefferies Financial Group cut their target price on Duke Energy from $143.00 to $138.00 in a report on Monday, May 11th. Finally, KeyCorp raised Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 price target for the company in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average price target of $138.44.

More Duke Energy News

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

• Positive Sentiment: Duke Energy restored approximately 223,000 outages in Greater Cincinnati—about 85% of the total—within 48 hours. Crews expect to restore nearly all remaining customers, reducing operational and reputational concerns from the storm damage. Duke Energy restores 85% of Greater Cincinnati outages
• Positive Sentiment: The company’s North Carolina rate case remains a potential earnings support. Duke has reduced its proposed increase as regulators consider a settlement, which could still provide additional revenue and recovery of infrastructure costs if approved. Duke Energy cuts proposed rate hike
• Neutral Sentiment: Duke Energy completed the sale of 40 million equity units. The financing provides capital for investment and financial needs, but the equity-linked structure may increase the company’s share count and could pressure per-share value. Duke Energy completes major equity units financing offering
• Neutral Sentiment: Emergency grants and continued restoration efforts in Ohio and Kentucky demonstrate community support following widespread storm damage, although the associated response and repair costs could affect near-term results. Duke Energy Foundation awards emergency grants
• Negative Sentiment: North Carolina Attorney General Jeff Jackson rejected a proposed settlement involving a 6.8% residential rate increase, creating uncertainty over the timing and size of any approved rate relief. Consumer advocates are also challenging Duke’s requests by citing the company’s profitability. Attorney general rejects Duke Energy settlement
• Negative Sentiment: The severe Cincinnati-area storms left more than 180,000 customers without power at the peak, highlighting potential repair expenses and weather-related execution risks for Duke Energy. Duke Energy customers remain without power

Duke Energy Price Performance

NYSE DUK opened at $124.51 on Friday. Duke Energy Corporation has a 1 year low of $113.89 and a 1 year high of $134.49. The company has a fifty day simple moving average of $125.77 and a 200 day simple moving average of $126.55. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. The company has a market cap of $97.08 billion, a P/E ratio of 18.69, a P/E/G ratio of 2.72 and a beta of 0.38.

Duke Energy (NYSE:DUK) last released its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The firm had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts predict 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 given a dividend of $1.085 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 annualized dividend and a dividend yield of 3.5%. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s payout ratio is presently 63.96%.

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.