Dimensional Fund Advisors LP Has $273.98 Million Holdings in Duke Energy Corporation $DUK

Dimensional Fund Advisors LP boosted its holdings in Duke Energy Corporation (NYSE:DUK) by 2.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,092,284 shares of the utilities provider’s stock after purchasing an additional 58,967 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Duke Energy were worth $273,979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DUK. Basso Capital Management L.P. bought a new position in shares of Duke Energy during the fourth quarter worth approximately $25,000. Dorato Capital Management bought a new stake in shares of Duke Energy in the fourth quarter valued at approximately $26,000. Evolution Wealth Management Inc. grew its position in Duke Energy by 1,111.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Triumph Capital Management grew its position in Duke Energy by 68.6% during the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after buying an additional 94 shares in the last quarter. Finally, Cornerstone Financial Management LLC bought a new position in Duke Energy during the 4th quarter worth $28,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BTIG Research reiterated a “buy” rating and set a $139.00 target price on shares of Duke Energy in a research report on Tuesday, June 2nd. Morgan Stanley set a $138.00 price target on Duke Energy in a research report on Wednesday. Mizuho dropped their price target on Duke Energy from $139.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, June 18th. Evercore upped their price objective on shares of Duke Energy from $139.00 to $140.00 in a research report on Monday, May 11th. Finally, Capitol Sec Mgt downgraded shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.60.

Duke Energy Stock Up 1.6%

NYSE DUK opened at $127.96 on Thursday. The business has a fifty day moving average price of $125.00 and a two-hundred day moving average price of $125.67. The stock has a market capitalization of $99.76 billion, a PE ratio of 19.60, a PEG ratio of 2.77 and a beta of 0.38. 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 current ratio of 0.66 and a quick ratio of 0.44.

Duke Energy (NYSE:DUK) last posted its quarterly 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. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the firm earned $1.76 EPS. Duke Energy’s revenue was up 11.3% on a year-over-year basis. Equities analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be issued a $1.085 dividend. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, August 14th. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.

Duke Energy News Roundup

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

• Positive Sentiment: Duke Energy reached a North Carolina rate settlement that significantly trims the proposed increase, which could improve the outlook for future revenue and reduce uncertainty for investors.
• Positive Sentiment: The company was highlighted as a trending stock, suggesting increased investor attention and trading interest around Duke Energy shares.
• Positive Sentiment: Duke Energy also received coverage tied to dividend growth and data-center demand trends, reinforcing the stock’s appeal as a defensive income name with growth catalysts.
• Neutral Sentiment: Duke Energy awarded $35,000 to West Terre Haute nonprofits, a positive community-relations item but not likely to materially affect the stock price.
• Negative Sentiment: North Carolina officials, including the attorney general, continue to push back on the rate settlement, keeping regulatory scrutiny elevated and leaving some downside risk if approvals become more difficult.
• Negative Sentiment: News that Duke Energy ended a wind lease off the North Carolina coast adds a bit of uncertainty around its clean-energy strategy, though the immediate financial impact appears limited.

Insider Transactions at Duke Energy

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

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.