Duke Energy Corporation $DUK Stock Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 8.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 58,016 shares of the utilities provider’s stock after selling 5,521 shares during the quarter. Park Avenue Securities LLC’s holdings in Duke Energy were worth $6,614,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in Duke Energy in the 2nd quarter worth about $605,680,000. Janus Henderson Group PLC boosted its position in Duke Energy by 5,254.4% during the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock worth $358,227,000 after acquiring an additional 2,684,721 shares during the period. Swiss National Bank grew its stake in Duke Energy by 7.1% during the 1st quarter. Swiss National Bank now owns 2,282,341 shares of the utilities provider’s stock valued at $298,850,000 after acquiring an additional 151,400 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Duke Energy by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,092,284 shares of the utilities provider’s stock valued at $273,979,000 after acquiring an additional 58,967 shares in the last quarter. Finally, National Pension Service grew its stake in Duke Energy by 1.8% during the 2nd quarter. National Pension Service now owns 2,124,004 shares of the utilities provider’s stock valued at $268,856,000 after acquiring an additional 36,835 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DUK. BTIG Research reiterated a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. KeyCorp reduced their price target on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Jefferies Financial Group restated a “hold” rating and set a $121.00 price target on shares of Duke Energy in a report on Monday, October 12th. HSBC initiated coverage on shares of Duke Energy in a research report on Thursday, October 22nd. They set a “hold” rating and a $123.00 price objective on the stock. Finally, Truist Financial dropped their price objective on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.19.

Duke Energy News Roundup

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

• Positive Sentiment: Duke Energy’s “energy vampire” campaign in Florida highlights ways customers can reduce electricity waste and bills. The initiative could strengthen customer engagement and support the company’s efficiency and demand-management efforts, although its direct financial impact is likely limited. Why Duke Energy Is Back in the Spotlight
• Positive Sentiment: Coverage of Duke Energy among reliable-income and blue-chip dividend stocks reinforces its appeal to defensive and income-oriented investors. Regulated utility earnings and dividend consistency remain supportive of the stock’s valuation. 5 Utility Stocks Paying Reliable Income Without the Dividend Risk
• Positive Sentiment: Analysts expect Duke Energy’s upcoming third-quarter results to show a single-digit earnings increase, suggesting relatively stable operating momentum ahead of the report. Duke Energy Earnings Preview
• Neutral Sentiment: Power was restored to more than 6,500 customers in Iredell County, reducing the immediate impact of a local outage but underscoring routine reliability and storm-response demands. Power Restored for Duke Energy Customers
• Negative Sentiment: Approximately 10,000 customers in Troutman and Iredell County temporarily lost power. Although restoration efforts were underway, outages can create short-term service costs and reputational pressure for the utility. Duke Energy Working to Restore Power

Duke Energy Price Performance

Shares of NYSE:DUK opened at $123.60 on Thursday. The firm has a market cap of $96.37 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 2.92 and a beta of 0.36. Duke Energy Corporation has a 1 year low of $112.40 and a 1 year high of $134.49. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. The business has a fifty day simple moving average of $118.97 and a 200 day simple moving average of $124.16.

Duke Energy (NYSE:DUK) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, beating 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 firm had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be paid a dividend of $1.0850 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.5%. Duke Energy’s dividend payout ratio (DPR) is 65.17%.

Duke Energy Company Profile

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.