Marshall Investment Management LLC Makes New Investment in Duke Energy Corporation $DUK

Marshall Investment Management LLC acquired a new stake in shares of Duke Energy Corporation (NYSE:DUK) in the third quarter, HoldingsChannel reports. The firm acquired 21,703 shares of the utilities provider’s stock, valued at approximately $2,686,000. Duke Energy accounts for approximately 1.4% of Marshall Investment Management LLC’s holdings, making the stock its 25th biggest holding.

Several other large investors have also recently made changes to their positions in the company. Bare Financial Services Inc grew its holdings in Duke Energy by 211.1% during the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider’s stock valued at $35,000 after buying an additional 190 shares in the last quarter. Anfield Capital Management LLC increased its stake in Duke Energy by 2,608.3% in the 2nd quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 313 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Duke Energy during the 3rd quarter worth approximately $39,000. Imprint Wealth LLC bought a new position in shares of Duke Energy during the 3rd quarter valued at approximately $39,000. Finally, Total Investment Management Inc. purchased a new position in shares of Duke Energy in the second quarter valued at $46,000. 65.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DUK shares. Evercore restated an “in-line” rating and issued a $139.00 price target on shares of Duke Energy in a research report on Thursday, March 5th. Wells Fargo & Company lifted their price objective on shares of Duke Energy from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group boosted their target price on shares of Duke Energy from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Jefferies Financial Group boosted their target price on Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. Finally, BTIG Research reissued a “buy” rating and issued a $141.00 price objective on shares of Duke Energy in a research report on Friday, January 30th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $137.80.

Insider Transactions at Duke Energy

In related news, SVP Regis T. Repko sold 962 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $498,142.56. This represents a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Louis E. Renjel sold 6,800 shares of the stock in a transaction dated Thursday, February 12th. The stock was 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. The trade was a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is owned by corporate insiders.

Duke Energy Stock Performance

Duke Energy stock opened at $133.54 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.33 and a current ratio of 0.55. The company has a market capitalization of $103.85 billion, a PE ratio of 21.13 and a beta of 0.50. The company has a 50 day moving average price of $124.28 and a 200-day moving average price of $122.70. Duke Energy Corporation has a fifty-two week low of $111.22 and a fifty-two week high of $134.27.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.49 by $0.01. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same period last year, the business posted $1.66 EPS. As a group, equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

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

Duke Energy News Roundup

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

• Positive Sentiment: Regulatory settlement in South Carolina: Duke reached a proposed agreement to combine Duke Energy Carolinas and Duke Energy Progress operations in SC, which management says could produce customer savings and operational efficiencies if approved by state regulators — a potential long-term earnings/opex tailwind. Duke Energy Carolinas Deal Tests Regulatory Support For Efficiency And Growth
• Neutral Sentiment: $1.0B convertible senior notes: Duke disclosed a private placement of convertible senior notes due 2029 to raise roughly $1 billion. This boosts liquidity and funds operations/capex but carries conversion/dilution risk and will be watched for pricing/terms that affect EPS dilution. Duke Energy (DUK) to Raise $1B Through Convertible Senior Notes
• Neutral Sentiment: Proactive customer advisories: Duke issued multiple notices urging customers in the Carolinas to prepare for damaging winds and possible tornadic activity, signaling active risk management but also raising the chance of higher restoration costs. This is a readiness/communications item investors should monitor for subsequent outage impact. Duke Energy urges customers to prepare for damaging high winds and possible tornadic activities across the Carolinas
• Negative Sentiment: Storm-related outages and extra crews called in: Local reports show thousands without power in Wake County and expanded outage/restoration efforts (e.g., Bartholomew County, Charlotte). These events can pressure near-term cash opex, restoration costs and outage metrics; investors may trim exposure until damage/costs are clearer. Thousands without power across Wake County Monday night, Duke Energy reports

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.