Duke Energy Corporation $DUK Stake Lifted by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC boosted its holdings in Duke Energy Corporation (NYSE:DUK) by 24.3% in the third quarter, HoldingsChannel reports. The firm owned 40,979 shares of the utilities provider’s stock after purchasing an additional 8,001 shares during the period. Signal Advisors Wealth LLC’s holdings in Duke Energy were worth $4,672,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DUK. Merit Financial Group LLC boosted its stake in Duke Energy by 15.7% during the 2nd quarter. Merit Financial Group LLC now owns 70,388 shares of the utilities provider’s stock valued at $8,910,000 after acquiring an additional 9,562 shares during the last quarter. Sarasin & Partners LLP increased its position in shares of Duke Energy by 15.3% in the 2nd quarter. Sarasin & Partners LLP now owns 1,283,213 shares of the utilities provider’s stock worth $162,429,000 after purchasing an additional 170,700 shares during the last quarter. Rakuten Investment Management Inc. increased its position in shares of Duke Energy by 532.0% in the 4th quarter. Rakuten Investment Management Inc. now owns 102,299 shares of the utilities provider’s stock worth $12,022,000 after purchasing an additional 86,113 shares during the last quarter. V. M. Manning & CO. Inc. acquired a new stake in shares of Duke Energy in the 2nd quarter valued at about $2,432,000. Finally, Cohen Klingenstein LLC acquired a new stake in shares of Duke Energy in the 2nd quarter valued at about $2,051,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of DUK opened at $118.23 on Wednesday. Duke Energy Corporation has a 12 month low of $112.40 and a 12 month high of $134.49. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43. The stock has a fifty day moving average price of $119.19 and a 200 day moving average price of $123.95. The company has a market cap of $92.19 billion, a P/E ratio of 17.75, a PEG ratio of 2.75 and a beta of 0.36.

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

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be issued a $1.0850 dividend. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s dividend payout ratio (DPR) is 65.17%.

Duke Energy News Roundup

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

• Positive Sentiment: The Federal Energy Regulatory Commission approved Duke’s rules for serving large electricity customers, including data centers. The decision could support future load growth and help establish a framework for allocating transmission costs, although concerns remain about potential cost shifting. FERC approves Duke large load transmission rules despite cost-shift concerns
• Positive Sentiment: Duke Energy’s grid upgrades helped restore power to about 10,000 customers following Hurricane Isaias. The company’s roughly $103 billion investment plan is intended to improve storm resilience and reliability over the long term, potentially supporting regulatory approval of infrastructure spending. Can Duke Energy’s Grid Investments Strengthen Storm Resilience?
• Positive Sentiment: Duke Energy Florida launched a program offering EV customers a $7.50 monthly bill credit for charging during designated off-peak periods. The initiative may encourage electricity usage when system demand is lower and support longer-term electrification growth. Duke Energy Florida EV charging credit program
• Neutral Sentiment: Duke Energy Foundation grants totaling nearly $200,000 will support Main Street revitalization and other community improvements in South Carolina and the Upstate. The programs enhance local relationships but are unlikely to materially affect earnings. Duke Energy Foundation South Carolina grants
• Negative Sentiment: JPMorgan lowered its Duke Energy price target to $130 from $137 and shifted to a neutral rating, while KeyCorp cut its target to $128 from $139 but retained an overweight rating. The reductions signal more limited near-term upside expectations.
• Negative Sentiment: Residents in North Carolina allege that power surges damaged appliances and that Duke denied compensation claims. If claims expand, the issue could create reputational, regulatory, or litigation risk. North Carolina power-surge claims

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DUK shares. Wall Street Zen cut shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Morgan Stanley lowered their price objective on Duke Energy from $133.00 to $127.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research note on Friday, July 31st. Mizuho set a $136.00 target price on Duke Energy in a report on Wednesday, August 5th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $121.00 target price on shares of Duke Energy in a research report on Monday. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.38.

Duke Energy Company Profile

Duke Energy Corporation (NYSE: DUK) is an energy holding company that operates regulated electric and natural gas utilities in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers.

The company serves customers across the Carolinas, Florida, Indiana, Ohio and Kentucky. Duke Energy also operates natural gas utilities and related infrastructure in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.