Te Ahumairangi Investment Management Ltd Has $3.36 Million Holdings in Duke Energy Corporation $DUK

Te Ahumairangi Investment Management Ltd boosted its position in Duke Energy Corporation (NYSE:DUK) by 29.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,659 shares of the utilities provider’s stock after buying an additional 6,510 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Duke Energy were worth $3,359,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DUK. Brighton Jones LLC lifted its holdings in shares of Duke Energy by 11.6% during the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after buying an additional 700 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Duke Energy by 19.6% during the first quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock worth $2,825,000 after buying an additional 3,797 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Duke Energy by 1.0% during the second quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock worth $3,686,000 after buying an additional 315 shares during the last quarter. AXA S.A. lifted its holdings in shares of Duke Energy by 523.4% during the second quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock worth $4,983,000 after buying an additional 35,458 shares during the last quarter. Finally, Nebula Research & Development LLC acquired a new position in shares of Duke Energy during the second quarter worth approximately $954,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on DUK shares. Barclays upped their price target on Duke Energy from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Capitol Sec Mgt downgraded Duke Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. UBS Group decreased their target price on Duke Energy from $137.00 to $135.00 in a research report on Monday, May 11th. Mizuho lifted their target price on Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley decreased their target price on Duke Energy from $141.00 to $132.00 in a research report on Thursday, May 21st. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.93.

Duke Energy News Roundup

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

• Positive Sentiment: Duke Energy joined the new Careers Electric coalition, aiming to help train 25,000 workers over the next 10 years and strengthen the utility’s labor pipeline, especially in North Carolina. That could support Duke’s ability to staff grid and infrastructure projects as demand rises. Article Title
• Positive Sentiment: The U.S. Department of Energy approved up to $96 million in grants to help refurbish Duke’s coal-fired plants in Kentucky and North Carolina, which may reduce capital burden and support grid reliability. Article Title
• Positive Sentiment: CEO Harry Sideris said electricity demand is growing at 10 times the historical pace, reinforcing the long-term case for regulated utilities like Duke as data-center and electrification demand accelerate. Article Title
• Neutral Sentiment: Duke was named a “Moderate Buy” by brokerages, which supports a constructive longer-term view but is not a fresh catalyst by itself. Article Title
• Neutral Sentiment: Investor interest remains elevated, with Duke appearing frequently in stock-watch and “trending stock” coverage, suggesting the market is still reassessing the utility’s growth story. Article Title
• Negative Sentiment: Regulatory headlines are weighing on sentiment, including questions over Duke’s role in attracting new data centers to North Carolina and concerns that a pause in solar procurement could affect customer bills and project timing. Article Title Article Title

Duke Energy Trading Down 0.7%

Shares of DUK stock opened at $124.23 on Friday. Duke Energy Corporation has a 52-week low of $113.66 and a 52-week high of $134.49. The stock has a market cap of $96.85 billion, a price-to-earnings ratio of 19.02 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. The firm has a fifty day moving average of $126.28 and a 200-day moving average of $124.00.

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

Duke Energy Dividend Announcement

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

Insider Buying and Selling at Duke Energy

In related news, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 96,102 shares of the company’s stock, valued at $11,952,205.74. The trade was a 17.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Louis E. Renjel sold 3,500 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $125.15, for a total value of $438,025.00. Following the completion of the sale, the chief executive officer directly owned 21,415 shares in the company, valued at approximately $2,680,087.25. This represents a 14.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by insiders.

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.