Texas Capital Bank Wealth Management Services Inc Grows Stock Position in Duke Energy Corporation $DUK

Texas Capital Bank Wealth Management Services Inc lifted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 139.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,688 shares of the utilities provider’s stock after purchasing an additional 5,640 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Duke Energy were worth $1,136,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Dorato Capital Management purchased a new stake in Duke Energy in the 4th quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Duke Energy in the 3rd quarter valued at approximately $27,000. Lodestone Wealth Management LLC purchased a new stake in Duke Energy in the 4th quarter valued at approximately $30,000. Wiser Advisor Group LLC purchased a new stake in Duke Energy in the 3rd quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC raised its position in Duke Energy by 13,750.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 277 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of several research analyst reports. Capitol Sec Mgt cut Duke Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. BMO Capital Markets cut their price objective on Duke Energy from $139.00 to $138.00 in a research report on Wednesday, May 6th. UBS Group cut their price objective on Duke Energy from $137.00 to $135.00 in a research report on Monday, May 11th. Wells Fargo & Company increased their price objective on Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group increased their price objective on Duke Energy from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.07.

Key Stories Impacting Duke Energy

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

• Positive Sentiment: Duke Energy was named among the utilities to watch as wind energy adoption and broader clean-power demand continue to rise, which could support long-term load growth and investment opportunities. Top Wind Energy Stocks to Watch Amid Increased Adoption of Clean Energy
• Positive Sentiment: The Duke Energy Foundation announced $500,000 in grants to improve hurricane preparedness in North Carolina, reinforcing its focus on storm readiness and community resilience ahead of hurricane season. Ahead of hurricane season, Duke Energy Foundation awards $500,000 to strengthen storm preparedness across North Carolina
• Positive Sentiment: South Carolina regulators approved Duke Energy’s new nonresidential demand response program, which lets customers earn bill credits while helping the utility manage peak demand and improve grid reliability. New Duke Energy program helps South Carolina nonresidential customers lower costs while supporting a growing grid
• Neutral Sentiment: Several articles note that investors are closely watching Duke Energy’s shares, but they do not point to a major new fundamental catalyst by themselves. Duke Energy Corporation (DUK) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Morgan Stanley cut its price target on Duke Energy to $132 from $141 while keeping an Equal Weight rating, which may temper sentiment but does not indicate a bearish call. Morgan Stanley Revises Duke Energy (DUK) Valuation Following Utility Sector Update
• Negative Sentiment: News that the Supreme Court affirmed Duke Energy’s rate hikes may keep regulatory risk in focus, since approved increases can still draw political and customer scrutiny. Duke Energy rate hikes affirmed by Supreme Court

Insiders Place Their Bets

In related news, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the completion of the transaction, the chief executive officer directly owned 21,415 shares in the company, valued at $2,680,087.25. The trade was a 14.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $124.37, for a total value of $2,487,400.00. Following the transaction, the chief executive officer owned 96,102 shares of the company’s stock, valued at $11,952,205.74. This represents a 17.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.12% of the company’s stock.

Duke Energy Trading Down 1.3%

Shares of DUK stock opened at $123.70 on Friday. Duke Energy Corporation has a fifty-two week low of $113.39 and a fifty-two week high of $134.49. The stock has a market cap of $96.43 billion, a P/E ratio of 18.94 and a beta of 0.41. The business has a fifty day simple moving average of $127.61 and a 200-day simple moving average of $124.05. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the business posted $1.76 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts forecast that Duke Energy Corporation will post 6.71 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be given a $1.065 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.

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.