Duke Energy Corporation $DUK Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its holdings in Duke Energy Corporation (NYSE:DUK) by 14.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,765 shares of the utilities provider’s stock after acquiring an additional 6,803 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Duke Energy were worth $7,171,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Duke Energy by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock worth $9,172,709,000 after buying an additional 1,957,592 shares during the period. Geode Capital Management LLC boosted its stake in shares of Duke Energy by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 19,292,633 shares of the utilities provider’s stock worth $2,266,675,000 after acquiring an additional 230,375 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Duke Energy by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,931,127 shares of the utilities provider’s stock worth $1,046,818,000 after acquiring an additional 58,375 shares during the period. Franklin Resources Inc. raised its holdings in Duke Energy by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after purchasing an additional 954,907 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Duke Energy by 0.4% in the third quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock valued at $960,139,000 after purchasing an additional 31,703 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Stock Down 0.0%

Shares of NYSE DUK opened at $125.47 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $97.81 billion, a PE ratio of 19.21 and a beta of 0.38. The firm has a fifty day moving average of $124.95 and a 200-day moving average of $125.18. Duke Energy Corporation has a 52-week low of $113.89 and a 52-week high of $134.49.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.06. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.76 EPS. On average, analysts anticipate that Duke Energy Corporation will post 6.71 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th were paid a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, May 15th. Duke Energy’s payout ratio is currently 65.24%.

Insider Transactions at Duke Energy

In other news, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $125.15, for a total transaction of $438,025.00. Following the sale, the chief executive officer owned 21,415 shares in the company, valued at $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The transaction 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 the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the sale, the chief executive officer directly owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.

Trending Headlines about Duke Energy

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

• Positive Sentiment: Duke Energy Florida said it will deliver $50 million in customer savings and avoid a planned 2027 base rate increase by accelerating the return of tax credits tied to its battery storage system, reinforcing the company’s ability to manage rates and support customers. Duke Energy Florida delivers $50 million in customer savings, avoids 2027 base rate increase through innovative tax strategy
• Positive Sentiment: Multiple market write-ups highlighted Duke Energy as a stable, cash-generating utility with solid sales growth, favorable valuation metrics, and stronger revenue consistency than some peers, which can support investor confidence in the stock. Invest in These 3 Sales Growth Stocks for Robust Returns
• Positive Sentiment: Coverage comparing Duke Energy with other utilities suggested the company has held up well versus the sector this year, underscoring its defensive appeal relative to peers. Has Duke Energy (DUK) Outpaced Other Utilities Stocks This Year?
• Neutral Sentiment: Articles about Duke Energy’s customer bill assistance and free home inspections are favorable from a public-relations standpoint, but they are unlikely to materially affect near-term earnings or valuation. Duke Energy to provide credit assistance for customers
• Neutral Sentiment: Broader industry reporting on surging data-center power demand and equipment shortages could eventually benefit utilities like Duke Energy through higher load growth, but it also signals higher costs and longer lead times, making the near-term impact mixed. US power companies scramble to secure equipment as surging data center demand strains supplies
• Negative Sentiment: Duke Energy is still facing regulatory pushback in North Carolina after reducing its requested residential rate hike, which keeps pressure on the company’s ability to win approval for higher rates. Duke reduces rate hike request, still faces regulator pushback

Analyst Ratings Changes

Several equities research analysts recently commented on DUK shares. Mizuho decreased their price objective on shares of Duke Energy from $139.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. BMO Capital Markets cut their price target on Duke Energy from $139.00 to $138.00 in a report on Wednesday, May 6th. Capitol Sec Mgt lowered Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Morgan Stanley lifted their price target on shares of Duke Energy from $132.00 to $136.00 in a report on Wednesday, June 24th. Finally, Truist Financial cut their price target on Duke Energy from $142.00 to $137.00 and set a “buy” rating for the company in a report on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.33.

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.