Duke Energy Corporation $DUK Stock Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in Duke Energy Corporation (NYSE:DUK) by 68.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 429,597 shares of the utilities provider’s stock after purchasing an additional 175,194 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Duke Energy were worth $48,978,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DUK. Bank of New York Mellon Corp purchased a new stake in Duke Energy during the 2nd quarter worth approximately $605,680,000. Janus Henderson Group PLC boosted its position in Duke Energy by 5,254.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock valued at $358,227,000 after buying an additional 2,684,721 shares during the period. Swiss National Bank grew its stake in shares of Duke Energy by 7.1% in the first quarter. Swiss National Bank now owns 2,282,341 shares of the utilities provider’s stock worth $298,850,000 after acquiring an additional 151,400 shares in the last quarter. National Pension Service grew its stake in shares of Duke Energy by 1.8% in the second quarter. National Pension Service now owns 2,124,004 shares of the utilities provider’s stock worth $268,856,000 after acquiring an additional 36,835 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Duke Energy by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,092,284 shares of the utilities provider’s stock worth $273,979,000 after acquiring an additional 58,967 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Up 3.9%

Shares of NYSE DUK opened at $125.40 on Friday. The company has a market capitalization of $97.78 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.81 and a beta of 0.36. 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 business has a 50-day moving average of $118.84 and a two-hundred day moving average of $123.45. Duke Energy Corporation has a 1 year low of $112.40 and a 1 year high of $134.49.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 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 business had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts forecast that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared 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 yield of 3.5%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s dividend payout ratio is 65.17%.

Key Headlines Impacting Duke Energy

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

• Positive Sentiment: Morgan Stanley raised its price target for Duke Energy from $127 to $128 while maintaining an “equal weight” rating. The increase suggests limited but slightly improved upside based on the firm’s updated outlook. Morgan Stanley raises Duke Energy price target
• Positive Sentiment: A Davidson County, North Carolina, planning board recommended approval of a Duke Energy natural-gas project, while related rezoning plans in Lexington moved forward. Progress on the project could support Duke’s generation capacity and long-term reliability, although additional approvals may still be required. Davidson County planning board recommends approval
• Neutral Sentiment: Duke Energy lineworkers received six awards at the International Lineman’s Rodeo. The recognition highlights workforce expertise and grid-maintenance capabilities but is unlikely to materially affect near-term earnings. Duke Energy lineworkers earn six awards
• Neutral Sentiment: Duke Energy has attracted increased attention from Zacks readers. The coverage is informational and does not represent a new earnings, guidance, or valuation catalyst. Zacks Duke Energy investor attention
• Negative Sentiment: HSBC initiated coverage with a “hold” rating and a $123 price target, below the recently cited trading level. The cautious view signals limited near-term upside and could restrain enthusiasm for DUK. HSBC initiates coverage of Duke Energy
• Negative Sentiment: Cincinnati residents pushed back against Duke Energy’s proposed rate increase. Opposition could create regulatory uncertainty or delay recovery of higher operating and infrastructure costs if regulators require changes to the request. Cincinnati residents oppose Duke Energy rate increase

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DUK. KeyCorp reduced their price objective on Duke Energy from $139.00 to $128.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. BMO Capital Markets lowered their target price on Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Scotiabank cut their price target on Duke Energy from $146.00 to $131.00 in a report on Wednesday, September 30th. Truist Financial reduced their price target on Duke Energy from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Finally, Morgan Stanley lifted their price objective on Duke Energy from $127.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.19.

Duke Energy Company Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.