Duke Energy Corporation $DUK Stock Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its holdings in Duke Energy Corporation (NYSE:DUK) by 9.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 139,941 shares of the utilities provider’s stock after acquiring an additional 12,509 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Duke Energy were worth $15,983,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DUK. Ables Iannone Moore & Associates Inc. increased its position in Duke Energy by 1.2% in the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 6,623 shares of the utilities provider’s stock valued at $838,000 after acquiring an additional 80 shares during the period. Absher Wealth Management LLC lifted its position in Duke Energy by 2.3% during the first quarter. Absher Wealth Management LLC now owns 3,648 shares of the utilities provider’s stock worth $478,000 after buying an additional 81 shares during the period. NovaPoint Capital LLC increased its position in Duke Energy by 0.7% during the third quarter. NovaPoint Capital LLC now owns 12,551 shares of the utilities provider’s stock worth $1,431,000 after purchasing an additional 84 shares during the last quarter. Angeles Wealth Management LLC raised its position in shares of Duke Energy by 1.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 7,617 shares of the utilities provider’s stock worth $964,000 after buying an additional 85 shares during the period. Finally, Personal CFO Solutions LLC increased its position in shares of Duke Energy by 1.7% in the first quarter. Personal CFO Solutions LLC now owns 5,223 shares of the utilities provider’s stock worth $684,000 after acquiring an additional 86 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

More Duke Energy News

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

• Positive Sentiment: Analysts point to rising data-center demand, higher electricity sales and grid investments as factors that could support Duke Energy’s Q3 earnings. DUK was also included among utilities considered well-positioned to beat estimates this reporting season. Article: Duke Energy to Post Q3 Earnings: Here’s What You Need to Know
• Neutral Sentiment: The Florida Public Service Commission approved lower electricity rates for Duke Energy Florida customers in 2027. This is favorable for customers, but the reports do not establish the effect on Duke’s earnings. Article: Duke Energy Florida customers to see lower rates in 2027
• Neutral Sentiment: EVP Bonnie Titone sold 2,900 shares worth about $371,200 under a pre-arranged Rule 10b5-1 plan and retained 26,111 shares, making the transaction a limited insider signal. Article: Duke Energy EVP Sells Stock
• Negative Sentiment: Storm-related expenses could weigh on Q3 margins, tempering the potential benefits of stronger demand and investment activity. Article: Duke Energy Q3 earnings preview

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Bonnie Titone sold 2,900 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $128.00, for a total transaction of $371,200.00. Following the completion of the transaction, the executive vice president owned 26,111 shares of the company’s stock, valued at $3,342,208. This represents a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.12% of the company’s stock.

Duke Energy Stock Up 2.4%

Shares of NYSE:DUK opened at $129.61 on Thursday. The company has a 50 day moving average price of $119.53 and a two-hundred day moving average price of $124.41. The company has a market capitalization of $101.06 billion, a PE ratio of 19.46, a PEG ratio of 2.95 and a beta of 0.33. Duke Energy Corporation has a 52 week low of $112.40 and a 52 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.

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

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be given a $1.0850 dividend. This represents a $4.34 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s dividend payout ratio (DPR) is currently 65.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. BTIG Research reaffirmed a “buy” rating on shares of Duke Energy in a research report on Thursday, July 23rd. Scotiabank dropped their price target on shares of Duke Energy from $146.00 to $131.00 in a research report on Wednesday, September 30th. KeyCorp dropped their price objective on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Truist Financial decreased their price target on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 12th. Finally, Mizuho set a $136.00 target price on Duke Energy in a research report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.19.

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.