Gotham Asset Management LLC Buys 73,963 Shares of Duke Energy Corporation $DUK

Gotham Asset Management LLC increased its stake in Duke Energy Corporation (NYSE:DUK) by 48.7% during the third quarter, Holdings Channel reports. The firm owned 225,953 shares of the utilities provider’s stock after acquiring an additional 73,963 shares during the period. Gotham Asset Management LLC’s holdings in Duke Energy were worth $27,962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DUK. Bare Financial Services Inc increased its holdings in Duke Energy by 211.1% in the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider’s stock valued at $35,000 after buying an additional 190 shares during the period. Anfield Capital Management LLC lifted its holdings in shares of Duke Energy by 2,608.3% during the 2nd quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 313 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Duke Energy during the 3rd quarter worth approximately $39,000. Imprint Wealth LLC acquired a new stake in shares of Duke Energy during the 3rd quarter worth approximately $39,000. Finally, Total Investment Management Inc. bought a new position in Duke Energy in the second quarter valued at approximately $46,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.3%

Shares of NYSE:DUK opened at $133.54 on Tuesday. Duke Energy Corporation has a 52-week low of $111.22 and a 52-week high of $134.27. The company has a market capitalization of $103.85 billion, a PE ratio of 21.13 and a beta of 0.50. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.33 and a current ratio of 0.55. The company has a fifty day moving average of $124.28 and a 200-day moving average of $122.70.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.01. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same quarter last year, the business posted $1.66 EPS. On average, equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 13th were issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, February 13th. Duke Energy’s payout ratio is 67.41%.

Insider Activity

In related news, SVP Regis T. Repko sold 962 shares of Duke Energy stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total transaction of $123,001.32. Following the sale, the senior vice president directly owned 3,896 shares in the company, valued at $498,142.56. This trade represents a 19.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the sale, the chief executive officer directly owned 22,007 shares in the company, valued at $2,809,633.69. The trade was a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of several recent analyst reports. Royal Bank Of Canada cut their target price on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, January 23rd. Morgan Stanley set a $139.00 price target on Duke Energy in a research note on Friday, February 20th. Jefferies Financial Group upped their price objective on Duke Energy from $125.00 to $141.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Evercore reaffirmed an “in-line” rating and issued a $139.00 price objective on shares of Duke Energy in a research note on Thursday, March 5th. Finally, Barclays decreased their target price on Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $137.80.

Key Stories Impacting Duke Energy

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

• Positive Sentiment: Settlement reached to combine Duke Energy Carolinas and Duke Energy Progress operations in South Carolina — the deal is pitched to deliver customer savings and operational efficiencies, which could boost regulated earnings if approved by state regulators. Duke Energy Carolinas Deal Tests Regulatory Support For Efficiency And Growth
• Neutral Sentiment: Flowserve board appointment item included in feeds but is unrelated to Duke Energy operations or near-term fundamentals. Flowserve Appoints Brian Savoy to Board of Directors
• Neutral Sentiment: Duke issued multiple advisories urging customers in the Carolinas to prepare for damaging high winds and possible tornadic activity — this is a preparedness effort that helps limit safety issues and reputational risk but does not itself indicate damage. Duke Energy urges customers to prepare for damaging high winds and possible tornadic activities across the Carolinas
• Negative Sentiment: Active outages: Duke has called in extra crews to respond to power outages in Bartholomew County — this indicates on-the-ground restoration costs and short-term service disruptions. Duke Energy calls in extra help for power outages in Bartholomew County
• Negative Sentiment: Severe-weather impacts in Charlotte and across the Carolinas — on-camera updates and local reports show outages and restoration activity, underscoring potential repair and vegetation-management costs. Duke Energy updates power outages in Charlotte after severe weather
• Negative Sentiment: Multiple local outlets (WRAL, MSN, CBS17) highlight preparations for wind damage and tornado risk — elevated outage risk this week could pressure near-term operations and increase O&M spending. Duke Energy preparing for power outages, wind damage

Duke Energy 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.