Compass Financial Management LLC Invests $2.14 Million in Duke Energy Corporation $DUK

Compass Financial Management LLC bought a new stake in shares of Duke Energy Corporation (NYSE:DUK) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 16,907 shares of the utilities provider’s stock, valued at approximately $2,138,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. 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 valued at $9,172,709,000 after buying an additional 1,957,592 shares during the period. Geode Capital Management LLC raised its position in shares of Duke Energy by 1.2% in the fourth 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 during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Duke Energy by 0.7% during 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 in the last quarter. Franklin Resources Inc. boosted its stake in shares of Duke Energy by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after acquiring an additional 954,907 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Duke Energy by 0.4% during the 3rd quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock valued at $960,139,000 after acquiring an additional 31,703 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

More Duke Energy News

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

• Positive Sentiment: Duke’s proposed Carolinas resource plan targets 18.5 gigawatts of new solar capacity by 2041, reflecting strong electricity-demand growth in North and South Carolina. The plan could support long-term rate-base expansion, although it also implies substantial capital spending. Duke’s Carolinas resource plan targets 18.5 GW new solar by 2041
• Neutral Sentiment: Power was restored in northeast Charlotte after a damaged pole left thousands of Duke customers without electricity. The incident highlights storm-related reliability costs but appears to have been resolved. Power restored after damaged pole caused thousands of Duke Energy customers to be without power
• Neutral Sentiment: Severe thunderstorms caused outages across the Charlotte region and parts of western and upstate North Carolina. Temporary outages may increase restoration expenses and draw attention to grid resilience, but no lasting financial impact was reported. Tracking Duke Energy power outages amid rain severe storms in Charlotte region Thousands without power in Upstate and western North Carolina
• Neutral Sentiment: Duke employees assembled 10,000 hygiene kits for people in need. The community initiative supports the company’s public image but is unlikely to materially affect earnings. Duke Energy volunteers assemble 10,000 hygiene kits
• Negative Sentiment: Morgan Stanley lowered its Duke Energy price target from $138 to $133 and maintained an “equal weight” rating. The revision signals limited near-term conviction despite the target implying potential upside from the referenced price. Morgan Stanley lowers Duke Energy price target
• Negative Sentiment: Duke is seeking to disqualify a consumer group from hearings concerning Florida data centers, a move that could intensify regulatory and public-relations scrutiny over data-center electricity costs and customer protections. Duke Energy tries to disqualify consumer group from Florida data center hearings
• Negative Sentiment: Criticism that Duke’s policies place disproportionate costs on its poorest North Carolina customers adds political and regulatory risk, potentially complicating rate cases and future infrastructure spending. Duke Energy deals double whammy to its poorest North Carolina customers

Analysts Set New Price Targets

A number of research firms recently weighed in on DUK. Jefferies Financial Group reduced their price target on Duke Energy from $143.00 to $138.00 in a report on Monday, May 11th. KeyCorp upgraded Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 price objective for the company in a research report on Thursday, July 23rd. Morgan Stanley reduced their target price on Duke Energy from $138.00 to $133.00 and set an “equal weight” rating for the company in a research note on Friday. Truist Financial dropped their price target on shares of Duke Energy from $138.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $136.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.94.

Duke Energy Trading Down 2.3%

DUK stock opened at $119.89 on Friday. Duke Energy Corporation has a 12-month low of $113.89 and a 12-month high of $134.49. The business’s 50-day moving average is $125.64 and its 200 day moving average is $126.62. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. The stock has a market cap of $93.48 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.80 and a beta of 0.38.

Duke Energy (NYSE:DUK) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. The business had revenue of $7.59 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 earnings per share. On average, sell-side analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 annualized dividend and a yield of 3.6%. This is an increase from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio is currently 65.17%.

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.