Magellan Asset Management Ltd Has $39.42 Million Holdings in Duke Energy Corporation $DUK

Magellan Asset Management Ltd boosted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 12.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 336,279 shares of the utilities provider’s stock after buying an additional 36,122 shares during the period. Magellan Asset Management Ltd’s holdings in Duke Energy were worth $39,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Duke Energy by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock worth $9,172,709,000 after buying an additional 1,957,592 shares during the period. Geode Capital Management LLC raised its holdings in Duke Energy by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 19,292,633 shares of the utilities provider’s stock worth $2,266,675,000 after buying an additional 230,375 shares during the period. Northern Trust Corp raised its holdings in Duke Energy by 0.4% during the 3rd quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock worth $960,139,000 after buying an additional 31,703 shares during the period. Franklin Resources Inc. raised its holdings in Duke Energy by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 7,281,986 shares of the utilities provider’s stock worth $901,146,000 after buying an additional 288,499 shares during the period. Finally, Capital Research Global Investors raised its holdings in Duke Energy by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 5,033,225 shares of the utilities provider’s stock worth $622,862,000 after buying an additional 12,758 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DUK. Mizuho boosted their price objective on Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Barclays lifted their target price on Duke Energy from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research note on Monday, May 4th. The Goldman Sachs Group lifted their target price on Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Capitol Sec Mgt cut Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.93.

Duke Energy Trading Up 0.7%

Shares of NYSE DUK opened at $121.92 on Friday. The stock has a market cap of $95.05 billion, a price-to-earnings ratio of 18.67 and a beta of 0.39. The business has a 50 day simple moving average of $126.90 and a 200 day simple moving average of $123.98. Duke Energy Corporation has a 52 week low of $113.66 and a 52 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.

Duke Energy (NYSE:DUK) last announced its earnings results 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. The firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.76 earnings per share. On average, research analysts predict that Duke Energy Corporation will post 6.71 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be given a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. Duke Energy’s dividend payout ratio is presently 65.24%.

Key Duke Energy News

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

• Positive Sentiment: Duke Energy Foundation announced $500,000 in grants to help nonprofit programs support small businesses across North Carolina, reinforcing the company’s community investment efforts and public image. Duke Energy offers $500,000 to support small businesses across North Carolina
• Positive Sentiment: Analysts and commentary continued to argue that Duke Energy remains attractive as a steady-growth utility, citing solid Q1 results, reaffirmed full-year EPS guidance, and a large capital plan tied to grid upgrades, data centers, and renewables. Duke Energy: Buy On Steady Path To Grow
• Positive Sentiment: Duke Energy’s site-readiness efforts helped land a $1.2 billion advanced manufacturing project in Cherokee County, which supports the view that its infrastructure and economic-development initiatives can attract large industrial customers. Duke Energy site readiness efforts help land $1.2 billion advanced manufacturing project in Cherokee County
• Neutral Sentiment: Recent articles noting Duke Energy has fallen since its last earnings report are mostly framing pieces, but they keep focus on whether the stock can regain momentum after the post-earnings pullback. Duke Energy (DUK) Down 3.6% Since Last Earnings Report: Can It Rebound?
• Neutral Sentiment: Coverage about a public meeting on proposed energy rate hikes and customer pushback may draw scrutiny to Duke’s regulatory environment, but it does not appear to be a new negative catalyst by itself. Higher bills: Duke Energy holding public meeting in Durham on proposed energy rate hikes
• Neutral Sentiment: A report that Duke Energy implemented a third rate reduction in 2026 is mixed for investors: it may help customer relations, but it can also modestly limit near-term revenue growth. Duke Energy implements 3rd rate reduction in 2026

Insider Buying and Selling

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

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.