Quadrant Capital Group LLC Purchases 6,649 Shares of Duke Energy Corporation $DUK

Quadrant Capital Group LLC lifted its position in Duke Energy Corporation (NYSE:DUK) by 42.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,427 shares of the utilities provider’s stock after purchasing an additional 6,649 shares during the quarter. Quadrant Capital Group LLC’s holdings in Duke Energy were worth $2,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Evergreen Advisors LLC bought a new stake in Duke Energy during the first quarter valued at $36,000. IAG Wealth Partners LLC grew its position in Duke Energy by 154.6% during the first quarter. IAG Wealth Partners LLC now owns 275 shares of the utilities provider’s stock worth $36,000 after buying an additional 167 shares in the last quarter. Dynamic Wealth Strategies LLC purchased a new position in Duke Energy during the first quarter worth about $38,000. Millstone Evans Group LLC increased its stake in Duke Energy by 53.1% in the 1st quarter. Millstone Evans Group LLC now owns 297 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 103 shares during the last quarter. Finally, Gill Capital Partners LLC increased its stake in Duke Energy by 128.9% in the 2nd quarter. Gill Capital Partners LLC now owns 309 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Duke Energy stock opened at $120.70 on Thursday. Duke Energy Corporation has a fifty-two week low of $112.40 and a fifty-two week high of $134.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The stock has a market cap of $94.11 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 2.83 and a beta of 0.36. The firm’s fifty day moving average price is $118.82 and its 200-day moving average price is $123.50.

Duke Energy (NYSE:DUK) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.13. The company had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. On average, equities research analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Friday, November 13th will be paid a dividend of $1.0850 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $4.34 annualized dividend and a yield of 3.6%. Duke Energy’s payout ratio is 65.17%.

Analyst Upgrades and Downgrades

DUK has been the topic of several recent analyst reports. Truist Financial lowered their price target on Duke Energy from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Barclays dropped their price target on Duke Energy from $132.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. KeyCorp cut their price objective on Duke Energy from $139.00 to $128.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. decreased their price objective on shares of Duke Energy from $137.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $121.00 target price on shares of Duke Energy in a research note on Monday, October 12th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.80.

Key Duke Energy News

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

• Positive Sentiment: A Davidson County, North Carolina, planning board recommended approval of Duke Energy’s proposed natural-gas project, while related rezoning in Lexington moved forward. The approvals could support additional generation capacity and long-term reliability, although further regulatory and permitting steps remain. Davidson County Planning Board recommends approval of Duke Energy natural gas project
• Positive Sentiment: Duke Energy Florida launched a new solar site, reinforcing the utility’s investment in renewable generation and potentially supporting its regulated rate base over time. Duke Energy Florida launches new solar site
• Neutral Sentiment: Morgan Stanley raised its price target for Duke Energy from $127 to $128 while maintaining an “equal weight” rating. The change indicates modest expected appreciation but no strong shift in the analyst’s view. Morgan Stanley raises Duke Energy price target
• Neutral Sentiment: Duke Energy lineworkers received six awards at the International Lineman’s Rodeo. The recognition highlights workforce expertise and grid reliability, but is unlikely to materially affect earnings or valuation. Duke Energy lineworkers earn six awards
• Neutral Sentiment: Zacks highlighted increased investor attention and recent market outperformance, but provided no new company-specific earnings or guidance catalyst. Duke Energy attracts investor attention
• Negative Sentiment: KeyCorp reduced its price target for Duke Energy to $128, adding pressure to the analyst outlook and underscoring valuation concerns despite the stock’s defensive utility profile. KeyCorp cuts Duke Energy price target

About Duke Energy

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.