Twin Capital Management Inc. Sells 7,290 Shares of Duke Energy Corporation $DUK

Twin Capital Management Inc. reduced its stake in shares of Duke Energy Corporation (NYSE:DUK) by 23.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,966 shares of the utilities provider’s stock after selling 7,290 shares during the quarter. Twin Capital Management Inc.’s holdings in Duke Energy were worth $3,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Basso Capital Management L.P. bought a new position in shares of Duke Energy during the 4th quarter valued at approximately $25,000. Dorato Capital Management purchased a new position in Duke Energy during the fourth quarter worth $26,000. Evolution Wealth Management Inc. boosted its stake in Duke Energy by 1,111.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in Duke Energy during the third quarter valued at $27,000. Finally, Triumph Capital Management increased its position in Duke Energy by 68.6% during the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 94 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Duke Energy

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

• Positive Sentiment: Duke Energy raised its quarterly dividend to $1.085 per share from $1.06, signaling confidence in cash flow and providing a higher income yield for investors. Duke Energy announces dividend payments to shareholders
• Positive Sentiment: The company highlighted its Duke Energy Florida EnergyWise Home program, which offers up to $141 in annual bill credits with minimal effort from customers, supporting customer retention and goodwill. Sign up, sit back, save: Duke Energy Florida program offers bill credits with minimal requirements, little effort needed from customers
• Positive Sentiment: Separately, Duke Energy is being discussed favorably for its long-term pivot toward nuclear power as it exits offshore wind, a move intended to support future electricity demand from data centers and industrial customers. Should Duke Energy’s (DUK) Pivot From Offshore Wind to Nuclear Reshape Its Long‑Term Strategy?
• Neutral Sentiment: North Carolina regulators are still reviewing Duke’s proposed rate hikes, and related headlines suggest the outcome is not yet fully resolved, keeping some uncertainty around future earnings and returns. Utilities sought record rate increases this spring as Duke’s request remains before NC regulators
• Negative Sentiment: Public scrutiny around Duke Energy’s rate increase plans and customer bill credits may add pressure on sentiment, as investors weigh regulatory risk and affordability concerns. Duke Energy’s rate increase meets a very energized public | Opinion

Insider Buying and Selling at Duke Energy

In related news, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer directly owned 96,102 shares in the company, valued at $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Louis E. Renjel sold 3,500 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the completion of the sale, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DUK. Jefferies Financial Group dropped their price target on shares of Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. BMO Capital Markets decreased their price objective on shares of Duke Energy from $139.00 to $138.00 in a research note on Wednesday, May 6th. Wall Street Zen upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Barclays cut their target price on Duke Energy from $143.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, June 18th. Finally, Truist Financial reduced their price target on Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $138.33.

Duke Energy Price Performance

Duke Energy stock opened at $124.28 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. The stock has a market cap of $96.89 billion, a price-to-earnings ratio of 19.03 and a beta of 0.38. The firm has a 50-day moving average of $124.85 and a two-hundred day moving average of $125.36. Duke Energy Corporation has a 1 year low of $113.89 and a 1 year high of $134.49.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.06. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 earnings per share. On average, research analysts forecast that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be given a dividend of $1.085 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 dividend on an annualized basis and a yield of 3.5%. Duke Energy’s dividend payout ratio is presently 65.24%.

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.