Duke Energy (NYSE:DUK – Free Report) had its price target cut by UBS Group from $137.00 to $135.00 in a research report sent to investors on Monday,MarketScreener reports.
DUK has been the subject of a number of other research reports. The Goldman Sachs Group increased their price target on shares of Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Truist Financial began coverage on shares of Duke Energy in a research report on Monday, April 20th. They set a “buy” rating and a $142.00 target price on the stock. Mizuho increased their target price on shares of Duke Energy from $130.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Royal Bank Of Canada lowered their price target on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.20.
Duke Energy Price Performance
Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the prior year, the business posted $1.76 earnings per share. Duke Energy’s revenue was up 11.3% compared to the same quarter last year. Duke Energy has set its FY 2026 guidance at 6.550-6.80 EPS. As a group, sell-side analysts anticipate that Duke Energy will post 6.7 EPS for the current year.
Duke Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be paid a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.
Insider Activity
In other news, SVP Regis T. Repko sold 962 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total value of $123,001.32. Following the completion of the transaction, the senior vice president owned 3,896 shares of the company’s stock, valued at $498,142.56. The trade was a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Louis E. Renjel sold 6,800 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $127.67, for a total transaction of $868,156.00. Following the transaction, the chief executive officer directly owned 22,007 shares in the company, valued at $2,809,633.69. The trade was a 23.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,762 shares of company stock valued at $3,478,557 over the last 90 days. Insiders own 0.12% of the company’s stock.
Hedge Funds Weigh In On Duke Energy
A number of hedge funds have recently made changes to their positions in DUK. ABN Amro Investment Solutions lifted its stake in shares of Duke Energy by 13.9% in the 1st quarter. ABN Amro Investment Solutions now owns 36,469 shares of the utilities provider’s stock valued at $4,775,000 after purchasing an additional 4,463 shares in the last quarter. Andra AP fonden purchased a new position in shares of Duke Energy in the first quarter valued at $4,098,000. Summit Asset Management LLC lifted its holdings in Duke Energy by 5.3% in the 1st quarter. Summit Asset Management LLC now owns 3,329 shares of the utilities provider’s stock worth $436,000 after buying an additional 168 shares in the last quarter. Glenview Trust Co boosted its position in Duke Energy by 3.9% in the 1st quarter. Glenview Trust Co now owns 31,016 shares of the utilities provider’s stock valued at $4,061,000 after buying an additional 1,178 shares during the last quarter. Finally, Rice Partnership LLC boosted its position in Duke Energy by 9.4% in the 1st quarter. Rice Partnership LLC now owns 45,386 shares of the utilities provider’s stock valued at $5,943,000 after buying an additional 3,913 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.
Key Headlines Impacting Duke Energy
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy said it applied for U.S. Department of Energy loans that could unlock potentially billions of dollars in customer savings while funding grid upgrades and added capacity, which may support long-term growth and regulated returns. Duke Energy applies for Department of Energy loans that represent potentially billions of dollars in customer savings
- Positive Sentiment: Evercore raised its price target on Duke Energy to $140, reinforcing a constructive view on the utility’s outlook and suggesting further upside from current levels. Evercore raises Duke Energy price target
- Neutral Sentiment: Jefferies lowered its price target to $138 from $143, but the new target still implies upside and does not materially change the broader bullish case. Jefferies lowers Duke Energy price target
- Negative Sentiment: CEO Harry K. Sideris sold 20,000 shares of DUK, a disclosure that can weigh on sentiment even though insider sales are not always a fundamental warning sign. SEC Form 4 filing for CEO share sale
About Duke Energy
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.
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