Mackenzie Financial Corp Has $301.65 Million Holdings in Duke Energy Corporation $DUK

Mackenzie Financial Corp decreased its position in shares of Duke Energy Corporation (NYSE:DUK) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,437,566 shares of the utilities provider’s stock after selling 244,062 shares during the quarter. Mackenzie Financial Corp’s holdings in Duke Energy were worth $301,649,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bare Financial Services Inc raised its position in shares of Duke Energy by 211.1% in the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 190 shares in the last quarter. Anfield Capital Management LLC raised its holdings in Duke Energy by 2,608.3% during the second quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock worth $38,000 after buying an additional 313 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Duke Energy in the 3rd quarter valued at about $39,000. Total Investment Management Inc. purchased a new position in Duke Energy during the 2nd quarter worth $46,000. Finally, Tsfg LLC boosted its holdings in Duke Energy by 24.6% during the third quarter. Tsfg LLC now owns 445 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 88 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

More Duke Energy News

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

• Positive Sentiment: Reached settlement agreements with North Carolina and South Carolina customer advocates and the NC Attorney General on the proposed combination of Duke Energy Carolinas and Duke Energy Progress — settlements promise “measurable, trackable” customer savings and reduce regulatory uncertainty around the merger. PR Newswire — NC settlement
• Positive Sentiment: UBS raised its price target on DUK to $140 (from $136), signaling some analyst confidence in Duke’s earnings and strategic outlook. MarketScreener — UBS price target
• Neutral Sentiment: Broader weakness in energy names: the NYSE Energy Sector Index fell, weighing on utility/energy stocks generally and adding sector headwinds to Duke’s share movement. Yahoo Finance — sector update
• Negative Sentiment: Duke priced an upsized private placement of $1.3B 3.000% convertible senior notes due 2029 — debt/convertible issuance can dilute equity on conversion and raises leverage, which investors often view as a near‑term negative despite low coupon. (The deal started as a $1B proposed offering.) PR Newswire — convertible notes
• Negative Sentiment: Thousands of customers are calling for an audit after a spike in power bills — heightened regulatory scrutiny and customer frustration can lead to political/regulatory costs and reputational risk. MSN — audit demands after bill spike
• Negative Sentiment: Local opposition as Duke plans a gas‑fired plant expansion — neighbors raise air‑pollution and health concerns, which can delay projects and increase permitting/legal costs. Independent Mail — community opposition
• Negative Sentiment: Reliability issues reported in local outages (e.g., Davie County schools delayed due to power outages) — short‑term reliability incidents can amplify regulatory and PR pressure. MSN — outages/school delay
• Negative Sentiment: Local reporting says NC carbon emissions may rise as Duke recommits to fossil fuels — ESG concerns could affect investor sentiment and attract regulatory/activist scrutiny. News & Observer — carbon/emissions story

Duke Energy Stock Performance

DUK opened at $129.68 on Wednesday. Duke Energy Corporation has a 12-month low of $111.22 and a 12-month high of $132.65. The company’s 50 day moving average is $123.09 and its 200 day moving average is $122.45. The company has a current ratio of 0.55, a quick ratio of 0.33 and a debt-to-equity ratio of 1.54. The company has a market cap of $100.85 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.84 and a beta of 0.50.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.49 by $0.01. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. The firm had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same period last year, the firm earned $1.66 EPS. On average, equities research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be issued a $1.065 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.26 dividend on an annualized basis and a yield of 3.3%. Duke Energy’s payout ratio is currently 67.41%.

Insider Activity at Duke Energy

In related news, CEO Louis E. Renjel sold 6,800 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $127.67, for a total transaction of $868,156.00. Following the completion of the transaction, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at approximately $2,809,633.69. This trade represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Regis T. Repko sold 962 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total value of $123,001.32. Following the transaction, the senior vice president owned 3,896 shares of the company’s stock, valued at $498,142.56. This represents a 19.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DUK. BMO Capital Markets reaffirmed an “outperform” rating and issued a $136.00 price objective on shares of Duke Energy in a research report on Wednesday, February 11th. BTIG Research reaffirmed a “buy” rating and set a $141.00 target price on shares of Duke Energy in a report on Friday, January 30th. Jefferies Financial Group upped their price target on shares of Duke Energy from $125.00 to $141.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Wells Fargo & Company lifted their target price on shares of Duke Energy from $115.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Finally, Morgan Stanley set a $139.00 price objective on Duke Energy in a report on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $137.80.

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.