16,828 Shares in Duke Energy Corporation $DUK Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. bought a new stake in Duke Energy Corporation (NYSE:DUK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,828 shares of the utilities provider’s stock, valued at approximately $2,130,000.

Other large investors have also bought and sold shares of the company. Sharp Wealth Advisory LLC boosted its holdings in Duke Energy by 4.5% in the first quarter. Sharp Wealth Advisory LLC now owns 1,876 shares of the utilities provider’s stock valued at $246,000 after acquiring an additional 81 shares during the last quarter. Absher Wealth Management LLC increased its position in Duke Energy by 2.3% in the first quarter. Absher Wealth Management LLC now owns 3,648 shares of the utilities provider’s stock worth $478,000 after buying an additional 81 shares during the last quarter. A4 Wealth Advisors LLC boosted its position in Duke Energy by 3.3% during the 4th quarter. A4 Wealth Advisors LLC now owns 2,597 shares of the utilities provider’s stock valued at $304,000 after buying an additional 82 shares during the period. Elm Partners Management LLC lifted its position in Duke Energy by 0.9% during the fourth quarter. Elm Partners Management LLC now owns 9,254 shares of the utilities provider’s stock valued at $1,085,000 after purchasing an additional 83 shares in the last quarter. Finally, CYBER HORNET ETFs LLC increased its stake in Duke Energy by 4.1% during the third quarter. CYBER HORNET ETFs LLC now owns 2,113 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 83 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

More Duke Energy News

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

• Positive Sentiment: Second-quarter earnings exceeded expectations. Duke Energy reported adjusted EPS of $1.43, ahead of the roughly $1.30 consensus, while net income rose year over year as higher electricity demand and recovery of infrastructure investments offset rising expenses. Duke Energy’s profit beats as higher power demand offsets rising expenses
• Positive Sentiment: Management reaffirmed its growth outlook. Full-year 2026 adjusted EPS guidance remains $6.55 to $6.80, with expected long-term EPS growth of 5% to 7% through 2030. Duke also identified up to $10 billion of potential capital investment tied to contracted data-center and other large-load demand, with new demand expected to begin taking power in late 2027. Duke Energy targets capital upside
• Neutral Sentiment: North Carolina regulators reached a compromise. Duke Energy Progress will continue investing in reliability infrastructure, but the proposed rate increase will be reduced by more than half. Duke will also contribute an additional $10 million to assist vulnerable customers. The agreement reduces affordability and regulatory risks but may limit near-term rate-related revenue growth. Duke Energy Progress reaches North Carolina agreement
• Neutral Sentiment: Hotter-than-normal Florida weather could support electricity demand, while a vehicle-related outage affecting about 5,000 Greensboro customers is unlikely to materially affect company earnings. Duke Energy Florida summer heat
• Negative Sentiment: Revenue fell short of forecasts. Quarterly revenue increased 1.1% to $7.59 billion but missed the $7.66 billion consensus, and higher depreciation and interest expenses remain pressures on profitability. Duke Energy Q2 earnings beat estimates
• Negative Sentiment: Analysts lowered their price targets. BMO and Barclays each reduced their targets to $132, although both maintained bullish ratings. The cuts signal more limited near-term upside and likely contributed to the stock’s weakness despite the earnings beat.

Duke Energy Trading Down 0.8%

NYSE:DUK opened at $123.33 on Thursday. Duke Energy Corporation has a 52-week low of $113.89 and a 52-week high of $134.49. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. The stock has a fifty day simple moving average of $125.57 and a 200-day simple moving average of $126.36. The company has a market capitalization of $96.15 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 2.74 and a beta of 0.38.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $7.66 billion. During the same period last year, the firm posted $1.25 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Duke Energy has set its FY 2026 guidance at 6.550-6.800 EPS. On average, equities research analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a $1.085 dividend. This represents a $4.34 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio is presently 65.24%.

Insider Activity

In related news, CEO Louis E. Renjel sold 3,500 shares of the firm’s 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 approximately $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DUK shares. JPMorgan Chase & Co. raised their target price on Duke Energy from $136.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Mizuho set a $136.00 price target on Duke Energy in a report on Wednesday. UBS Group cut their price target on shares of Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. Truist Financial raised their price objective on shares of Duke Energy from $137.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Barclays decreased their price objective on shares of Duke Energy from $140.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.44.

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.