Twin Capital Management Inc. Sells 7,290 Shares of Duke Energy Corporation $DUK

Twin Capital Management Inc. lessened its holdings in Duke Energy Corporation (NYSE:DUK) by 23.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,966 shares of the utilities provider’s stock after selling 7,290 shares during the quarter. Twin Capital Management Inc.’s holdings in Duke Energy were worth $3,138,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after buying an additional 700 shares in the last quarter. Empowered Funds LLC increased its position in shares of Duke Energy by 19.6% during the first quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock valued at $2,825,000 after acquiring an additional 3,797 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in Duke Energy by 1.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock worth $3,686,000 after acquiring an additional 315 shares during the last quarter. AXA S.A. lifted its position in Duke Energy by 523.4% in the 2nd quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock valued at $4,983,000 after acquiring an additional 35,458 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in Duke Energy in the 2nd quarter valued at approximately $954,000. 65.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DUK. Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. JPMorgan Chase & Co. reduced their price objective on Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Barclays decreased their target price on Duke Energy from $143.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday, June 18th. Mizuho lowered their target price on shares of Duke Energy from $139.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.33.

Insider Activity at Duke Energy

In related news, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the sale, the chief executive officer owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. This trade represents a 17.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Louis E. Renjel sold 3,500 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the transaction, the chief executive officer owned 21,415 shares of the company’s stock, valued at approximately $2,680,087.25. This represents a 14.05% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by insiders.

Key Duke Energy News

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

• Positive Sentiment: Duke Energy raised its quarterly dividend to $1.085 per share from $1.06, signaling confidence in cash flow and providing a higher income yield for investors. Duke Energy announces dividend payments to shareholders
• Positive Sentiment: The company highlighted its Duke Energy Florida EnergyWise Home program, which offers up to $141 in annual bill credits with minimal effort from customers, supporting customer retention and goodwill. Sign up, sit back, save: Duke Energy Florida program offers bill credits with minimal requirements, little effort needed from customers
• Positive Sentiment: Separately, Duke Energy is being discussed favorably for its long-term pivot toward nuclear power as it exits offshore wind, a move intended to support future electricity demand from data centers and industrial customers. Should Duke Energy’s (DUK) Pivot From Offshore Wind to Nuclear Reshape Its Long‑Term Strategy?
• Neutral Sentiment: North Carolina regulators are still reviewing Duke’s proposed rate hikes, and related headlines suggest the outcome is not yet fully resolved, keeping some uncertainty around future earnings and returns. Utilities sought record rate increases this spring as Duke’s request remains before NC regulators
• Negative Sentiment: Public scrutiny around Duke Energy’s rate increase plans and customer bill credits may add pressure on sentiment, as investors weigh regulatory risk and affordability concerns. Duke Energy’s rate increase meets a very energized public | Opinion

Duke Energy Stock Down 1.7%

DUK stock opened at $124.28 on Thursday. The business’s 50-day moving average is $124.85 and its two-hundred day moving average is $125.36. Duke Energy Corporation has a fifty-two week low of $113.89 and a fifty-two week high of $134.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. The company has a market cap of $96.89 billion, a price-to-earnings ratio of 19.03 and a beta of 0.38.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter last year, the firm posted $1.76 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Increases Dividend

The business 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 dividend of $1.085 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 14th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.5%. Duke Energy’s dividend payout ratio is presently 65.24%.

About Duke Energy

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.