Duke Energy Corporation $DUK Stock Holdings Decreased by Convergence Financial LLC

Convergence Financial LLC decreased its stake in Duke Energy Corporation (NYSE:DUK) by 49.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,534 shares of the utilities provider’s stock after selling 13,389 shares during the period. Convergence Financial LLC’s holdings in Duke Energy were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DUK. Bank of New York Mellon Corp bought a new position in Duke Energy during the 2nd quarter worth $605,680,000. Janus Henderson Group PLC increased its position in Duke Energy by 5,254.4% in the first quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock worth $358,227,000 after buying an additional 2,684,721 shares during the period. Swiss National Bank lifted its stake in Duke Energy by 7.1% in the first quarter. Swiss National Bank now owns 2,282,341 shares of the utilities provider’s stock valued at $298,850,000 after buying an additional 151,400 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Duke Energy by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,092,284 shares of the utilities provider’s stock valued at $273,979,000 after buying an additional 58,967 shares during the last quarter. Finally, National Pension Service lifted its stake in Duke Energy by 1.8% in the second quarter. National Pension Service now owns 2,124,004 shares of the utilities provider’s stock valued at $268,856,000 after buying an additional 36,835 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $123.60 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43. The stock has a market cap of $96.37 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.92 and a beta of 0.36. The stock’s 50 day moving average price is $118.97 and its 200 day moving average price is $124.16. Duke Energy Corporation has a 12 month low of $112.40 and a 12 month high of $134.49.

Duke Energy (NYSE:DUK) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. The firm had revenue of $7.59 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. Equities research analysts anticipate that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be given 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 payout ratio is 65.17%.

Analyst Ratings Changes

DUK has been the subject of several recent research reports. BTIG Research restated a “buy” rating on shares of Duke Energy in a research report on Thursday, July 23rd. Barclays dropped their price objective on shares of Duke Energy from $132.00 to $124.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. KeyCorp cut their price objective on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Truist Financial reduced their target price on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.19.

Key Duke Energy News

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

About Duke Energy

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.