Duke Energy Corporation $DUK Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its position in Duke Energy Corporation (NYSE:DUK) by 148.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 561,222 shares of the utilities provider’s stock after acquiring an additional 335,269 shares during the quarter. Duke Energy accounts for 0.2% of Gotham Asset Management LLC’s investment portfolio, making the stock its 28th biggest position. Gotham Asset Management LLC’s holdings in Duke Energy were worth $65,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DUK. Brighton Jones LLC boosted its holdings in Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 700 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Duke Energy by 19.6% during the first quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock worth $2,825,000 after purchasing an additional 3,797 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Duke Energy by 1.0% during the second quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock worth $3,686,000 after purchasing an additional 315 shares in the last quarter. AXA S.A. lifted its stake in shares of Duke Energy by 523.4% during the second quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock worth $4,983,000 after purchasing an additional 35,458 shares in the last quarter. Finally, Nebula Research & Development LLC acquired a new position in shares of Duke Energy during the second quarter worth about $954,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Key Stories Impacting Duke Energy

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

• Positive Sentiment: Duke Energy restored power for more than 2,000 customers in the Pee Dee area, which may help limit near-term operational concerns after the outage. Duke Energy reports power restored after 2K+ were without it in the Pee Dee
• Positive Sentiment: Duke Energy Foundation granted $77,500 to Florida nonprofits for civic learning and remembrance initiatives, reinforcing its community engagement profile. Duke Energy Foundation grants $77,500 to expand access to civic learning and remembrance across Florida
• Neutral Sentiment: Duke Energy provided a safety demonstration for law enforcement, a routine outreach effort with limited direct financial impact. Duke Energy provides safety demonstration for law enforcement
• Neutral Sentiment: Clearwater is appraising Duke Energy property as it evaluates leaving the utility, which could eventually affect local load and revenue, but no immediate financial outcome was reported. Clearwater appraises Duke Energy property as it investigates ditching the utility
• Negative Sentiment: A state consumer advocate accused Duke Energy of overcharging customers, adding to regulatory and reputational pressure. State consumer advocate says Duke overcharging its customers
• Negative Sentiment: A pro-coal state regulator said he will not participate in Duke Energy carbon plan decisions, increasing uncertainty around the company’s long-term energy transition planning. Pro-coal state regulator won’t participate in Duke Energy Carbon Plan decisions
• Negative Sentiment: DUK also underperformed the broader market in the latest session, reinforcing the bearish tone after recent regulatory headlines. Duke Energy (DUK) Declines More Than Market: Some Information for Investors

Insider Activity at Duke Energy

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the sale, the chief executive officer directly owned 21,415 shares in the company, valued at $2,680,087.25. The trade was a 14.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $124.37, for a total value of $2,487,400.00. Following the sale, the chief executive officer owned 96,102 shares in the company, valued at $11,952,205.74. This represents a 17.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DUK. Capitol Sec Mgt cut Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Evercore boosted their price objective on Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research note on Monday, May 4th. Truist Financial reduced their price objective on Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, BMO Capital Markets reduced their price objective on Duke Energy from $139.00 to $138.00 in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.93.

Duke Energy Price Performance

DUK stock opened at $123.73 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45. Duke Energy Corporation has a 52-week low of $113.89 and a 52-week high of $134.49. The stock’s 50 day moving average is $125.74 and its two-hundred day moving average is $124.06. The company has a market capitalization of $96.46 billion, a PE ratio of 18.95 and a beta of 0.39.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the previous year, the business earned $1.76 EPS. Duke Energy’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts predict that Duke Energy Corporation will post 6.71 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

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

About Duke Energy

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.