iA Global Asset Management Inc. Acquires 45,879 Shares of Duke Energy Corporation $DUK

iA Global Asset Management Inc. grew its stake in shares of Duke Energy Corporation (NYSE:DUK) by 45.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,797 shares of the utilities provider’s stock after buying an additional 45,879 shares during the quarter. iA Global Asset Management Inc.’s holdings in Duke Energy were worth $19,353,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Basso Capital Management L.P. purchased a new position in Duke Energy in the 4th quarter worth approximately $25,000. Dorato Capital Management bought a new position in shares of Duke Energy in the fourth quarter worth approximately $26,000. Evolution Wealth Management Inc. grew its holdings in shares of Duke Energy by 1,111.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Duke Energy in the third quarter worth $27,000. Finally, Triumph Capital Management raised its holdings in Duke Energy by 68.6% during the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy News Summary

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

• Negative Sentiment: U.S. officials will buy back Duke Energy’s North Carolina offshore wind lease, and Duke will terminate the project in a settlement with the Department of the Interior. While Duke receives about $129 million, the move signals a retreat from a renewable project and raises questions about capital allocation and regulatory direction. Article Title
• Negative Sentiment: Several related reports on the wind lease termination suggest Duke is exiting a previously planned growth avenue, which may be viewed as a setback for its clean-energy expansion strategy. Article Title
• Neutral Sentiment: Indiana regulators approved Duke’s $20 million project to serve a semiconductor manufacturer, a small but positive sign that the company is still winning regulated growth opportunities tied to industrial demand. Article Title
• Positive Sentiment: Duke highlighted nearly $1 billion in spending with North Carolina suppliers, reinforcing grid investment, domestic sourcing, and support for future electricity demand. That fits the utility’s long-term earnings-growth narrative. Article Title
• Positive Sentiment: The company also launched an AI-powered Bill Insights tool for Carolinas customers, a modest but investor-friendly digital upgrade that may improve customer service and engagement during peak summer demand. Article Title

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays cut their price target on shares of Duke Energy from $143.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday, June 18th. Wall Street Zen raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. UBS Group cut their target price on Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. BMO Capital Markets reduced their price target on Duke Energy from $139.00 to $138.00 in a report on Wednesday, May 6th. Finally, Morgan Stanley upped their price target on Duke Energy from $132.00 to $136.00 in a research report on Wednesday, June 24th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average target price of $138.33.

Duke Energy Stock Down 1.3%

Shares of Duke Energy stock opened at $126.70 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. Duke Energy Corporation has a 12-month low of $113.89 and a 12-month high of $134.49. The company has a market cap of $98.78 billion, a P/E ratio of 19.40 and a beta of 0.39. The company’s fifty day simple moving average is $124.94 and its two-hundred day simple moving average is $124.57.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping the consensus estimate 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 net margin of 15.49% and a return on equity of 9.73%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $1.76 EPS. Research analysts anticipate that Duke Energy Corporation will post 6.71 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th were issued a $1.065 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is 65.24%.

Insider Activity at Duke Energy

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 transaction, the chief executive officer owned 96,102 shares in the company, valued at approximately $11,952,205.74. This represents a 17.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Louis E. Renjel sold 3,500 shares of the 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 completion of the transaction, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This represents a 14.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

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.