Turtle Creek Wealth Advisors LLC Has $4.53 Million Stock Position in Duke Energy Corporation $DUK

Turtle Creek Wealth Advisors LLC grew its position in Duke Energy Corporation (NYSE:DUK) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,656 shares of the utilities provider’s stock after buying an additional 5,055 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Duke Energy were worth $4,531,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Applied Finance Capital Management LLC acquired a new stake in Duke Energy in the third quarter valued at approximately $1,046,000. Lockheed Martin Investment Management Co. lifted its stake in Duke Energy by 11.3% in the third quarter. Lockheed Martin Investment Management Co. now owns 274,630 shares of the utilities provider’s stock valued at $33,985,000 after acquiring an additional 27,820 shares during the last quarter. Alley Investment Management Company LLC lifted its stake in Duke Energy by 13.0% in the third quarter. Alley Investment Management Company LLC now owns 88,018 shares of the utilities provider’s stock valued at $10,892,000 after acquiring an additional 10,108 shares during the last quarter. Greystone Financial Group LLC lifted its stake in Duke Energy by 12.7% in the third quarter. Greystone Financial Group LLC now owns 93,766 shares of the utilities provider’s stock valued at $11,604,000 after acquiring an additional 10,580 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Duke Energy by 9.2% in the third quarter. Oppenheimer & Co. Inc. now owns 150,426 shares of the utilities provider’s stock valued at $18,615,000 after acquiring an additional 12,677 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Regis T. Repko sold 962 shares of the business’s stock in a transaction 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 transaction, the senior vice president owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. The trade was a 19.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 22,007 shares in the company, valued at $2,809,633.69. This trade represents a 23.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.12% of the company’s stock.

Key Headlines Impacting Duke Energy

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

• Positive Sentiment: Robinson nuclear plant receives a 20-year NRC license renewal (operating to 2050), strengthening long-term generation reliability and supporting regulated cash flows and local economics. Robinson Nuclear Plant receives approval from U.S. Nuclear Regulatory Commission to continue operating until 2050
• Positive Sentiment: Analyst action: Truist upgraded DUK to “strong-buy,” adding upside momentum and institutional interest. Truist upgrade (reported via Zacks)
• Positive Sentiment: Recent share performance and investor interest are firming (noted uptick over the last day and stronger 90-day returns), which can attract momentum flows. A Look At Duke Energy (DUK) Valuation As Analysts And DCF Offer Mixed Signals
• Neutral Sentiment: Valuation coverage is mixed: analyst ratings and DCF-based valuations send conflicting signals on fair value, implying upside is debated among sell-side models. A Look At Duke Energy (DUK) Valuation As Analysts And DCF Offer Mixed Signals
• Neutral Sentiment: Community and ESG news (Earth Day grants, Tree Line USA award) bolster PR and regulatory goodwill but have limited near-term earnings impact. Duke Energy invests nearly $620,000 to strengthen North Carolina’s natural spaces, resilience and community pride this Earth Day
• Negative Sentiment: Governance/regulatory risk: media scrutiny over roughly $22M in CEO pay while Duke seeks rate increases could complicate regulatory proceedings and public perception. Duke Energy faces criticism for $22M in CEO pay as it seeks rate increases
• Negative Sentiment: Sell-side caution: Morgan Stanley issued a pessimistic forecast for DUK, and BMO trimmed its price target from $143 to $139 (rating unchanged), signaling limited near-term upside in some analyst models. Morgan Stanley Issues Pessimistic Forecast for Duke Energy BMO lowers price target to $139, maintains outperform

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of 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. Mizuho set a $130.00 target price on shares of Duke Energy in a research note on Tuesday, February 10th. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $138.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research note on Monday, December 29th. Finally, Truist Financial assumed coverage on shares of Duke Energy in a research report on Monday. They issued a “buy” rating and a $142.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $140.25.

Duke Energy Trading Up 2.3%

NYSE:DUK opened at $128.09 on Friday. Duke Energy Corporation has a 12 month low of $111.22 and a 12 month high of $134.49. The firm has a market cap of $99.67 billion, a price-to-earnings ratio of 20.27 and a beta of 0.46. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54. The company’s 50 day moving average is $129.74 and its 200-day moving average is $124.21.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. The company had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same quarter last year, the firm posted $1.66 earnings per share. Equities analysts anticipate that Duke Energy Corporation will post 6.7 EPS for the current year.

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.