Bruce & Co. Inc. Has $19.28 Million Stake in Duke Energy Corporation $DUK

Bruce & Co. Inc. decreased its holdings in Duke Energy Corporation (NYSE:DUK) by 11.4% in the third quarter, HoldingsChannel.com reports. The fund owned 155,816 shares of the utilities provider’s stock after selling 20,000 shares during the period. Duke Energy comprises about 6.0% of Bruce & Co. Inc.’s portfolio, making the stock its 6th largest holding. Bruce & Co. Inc.’s holdings in Duke Energy were worth $19,282,000 at the end of the most recent quarter.

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

Duke Energy Stock Up 1.4%

Duke Energy stock opened at $131.81 on Friday. Duke Energy Corporation has a 12 month low of $111.22 and a 12 month high of $133.20. The stock has a fifty day simple moving average of $123.63 and a two-hundred day simple moving average of $122.57. 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 firm has a market cap of $102.50 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.82 and a beta of 0.50.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.The firm had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same period in the prior year, the company posted $1.66 earnings per share. Equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. Duke Energy’s dividend payout ratio (DPR) is presently 67.41%.

Insider Buying and Selling

In other news, SVP Regis T. Repko sold 962 shares of Duke Energy 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 completion of the sale, the senior vice president directly owned 3,896 shares in the company, valued at $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 link. Also, CEO Louis E. Renjel sold 6,800 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 22,007 shares in the company, valued at approximately $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. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the subject of several research reports. BMO Capital Markets reissued an “outperform” rating and issued a $136.00 target price on shares of Duke Energy in a research report on Wednesday, February 11th. JPMorgan Chase & Co. dropped their price target on Duke Energy from $136.00 to $126.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. UBS Group upped their price target on Duke Energy from $136.00 to $140.00 in a research note on Monday. Scotiabank raised their price objective on Duke Energy from $137.00 to $146.00 and gave the company a “sector outperform” rating in a research report on Tuesday, December 16th. Finally, 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 on the stock in a research report on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Duke Energy presently has an average rating of “Hold” and an average price target of $137.80.

Key Duke Energy News

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

• Positive Sentiment: UBS analyst says DUK stock is expected to rise, providing third‑party support for the name and reinforcing buying interest. Duke Energy (NYSE:DUK) Stock Price Expected to Rise, UBS Group Analyst Says
• Positive Sentiment: Duke opened its largest battery storage facility in Knightdale — a near-term growth/renewables milestone that supports transition narratives and long‑term rate base expansion. Duke Energy’s largest battery storage facility now open in Knightdale
• Positive Sentiment: Agreements with North and South Carolina officials to combine two utility businesses reduce regulatory uncertainty around the merger and lower execution risk. Duke Energy reaches agreements with NC, SC officials to combine 2 utility companies
• Neutral Sentiment: Duke recently completed a $1.5B private offering of 3.000% convertible notes (and earlier upsized a $1.3B convertible), actions framed as refinancing maturing paper — reduces 2026 maturities but increases potential share conversion risk. Duke Energy Completes $1.5 Billion Convertible Notes Offering A Look At Duke Energy (DUK) Valuation After Upsized US$1.3b Convertible Notes Refinancing
• Neutral Sentiment: Recent quarterly results showed a slight EPS beat and solid revenue, which supports the stock’s momentum but doesn’t eliminate capital‑structure concerns. Why Is Duke Energy (DUK) Up 3.9% Since Last Earnings Report?
• Negative Sentiment: Duke announced a $6 billion common-stock offering — a potentially dilutive move that likely pressured shares as investors price in share count increase and near‑term EPS dilution. Duke Energy (DUK) Announces $6 Billion Common Stock Offering
• Negative Sentiment: Customer pushback and local rate-hike votes (e.g., New Bern) plus calls for audits in NC highlight regulatory and political risk tied to rates — these could complicate future rate cases or require concessions. NC residents sound alarm over rising energy bills, demand audit of Duke Energy New Bern council to vote on 2% utility rate hike amid Duke Energy wholesale increase
• Negative Sentiment: Merger-related concessions that reduce customer costs could limit near‑term rate base returns and margins, tempering some upside from the combined operations. Duke Energy’s merger deal includes reducing customer costs

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.