Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in Duke Energy Corporation $DUK

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Duke Energy Corporation (NYSE:DUK) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,380,385 shares of the utilities provider’s stock after selling 80,931 shares during the quarter. Duke Energy accounts for approximately 0.9% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s investment portfolio, making the stock its 18th largest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Duke Energy were worth $180,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sharp Wealth Advisory LLC raised its holdings in shares of Duke Energy by 4.5% in the 1st quarter. Sharp Wealth Advisory LLC now owns 1,876 shares of the utilities provider’s stock valued at $246,000 after purchasing an additional 81 shares in the last quarter. A4 Wealth Advisors LLC increased its holdings in Duke Energy by 3.3% during the fourth 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 raised its stake in Duke Energy by 0.9% in the fourth quarter. Elm Partners Management LLC now owns 9,254 shares of the utilities provider’s stock worth $1,085,000 after buying an additional 83 shares in the last quarter. CYBER HORNET ETFs LLC lifted its holdings 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 buying an additional 83 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its position in Duke Energy by 35.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 324 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 84 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy News Roundup

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 Upgrades and Downgrades

Several research firms have recently commented on DUK. Wells Fargo & Company boosted their price target 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. Mizuho reduced their target price on shares of Duke Energy from $139.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, June 18th. Wall Street Zen upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Truist Financial cut their price objective on shares of Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Barclays lowered their target price on shares of Duke Energy from $143.00 to $134.00 and set an “overweight” rating for the company in a research note on Thursday, June 18th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.33.

Insiders Place Their Bets

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

Duke Energy Stock Up 0.2%

Shares of DUK traded up $0.21 during mid-day trading on Friday, hitting $125.47. 2,801,060 shares of the company traded hands, compared to its average volume of 3,706,513. Duke Energy Corporation has a 1-year low of $113.89 and a 1-year 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 1.45. The company has a market capitalization of $97.81 billion, a PE ratio of 19.21 and a beta of 0.38. The business has a 50 day moving average of $124.95 and a 200 day moving average of $125.12.

Duke Energy (NYSE:DUK) last released its earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. Duke Energy’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS. Equities research 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. Stockholders of record on Friday, May 15th were paid a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, May 15th. Duke Energy’s payout ratio is presently 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.