Jennison Associates LLC Has $30.52 Million Position in Duke Energy Corporation $DUK

Jennison Associates LLC lowered its stake in Duke Energy Corporation (NYSE:DUK) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 260,403 shares of the utilities provider’s stock after selling 5,439 shares during the period. Jennison Associates LLC’s holdings in Duke Energy were worth $30,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DUK. Wagner Wealth Management LLC grew its holdings in Duke Energy by 3.2% during the 4th quarter. Wagner Wealth Management LLC now owns 17,407 shares of the utilities provider’s stock worth $2,040,000 after acquiring an additional 540 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in Duke Energy during the 4th quarter worth $227,000. Bogart Wealth LLC grew its holdings in Duke Energy by 2.0% during the 4th quarter. Bogart Wealth LLC now owns 101,665 shares of the utilities provider’s stock worth $11,916,000 after acquiring an additional 2,002 shares during the period. Joel Isaacson & Co. LLC grew its holdings in Duke Energy by 19.6% during the 4th quarter. Joel Isaacson & Co. LLC now owns 5,669 shares of the utilities provider’s stock worth $664,000 after acquiring an additional 930 shares during the period. Finally, Interchange Capital Partners LLC grew its holdings in Duke Energy by 17.3% during the 4th quarter. Interchange Capital Partners LLC now owns 4,525 shares of the utilities provider’s stock worth $530,000 after acquiring an additional 667 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DUK shares. UBS Group lifted their target price on shares of Duke Energy from $136.00 to $140.00 in a report on Monday, March 9th. Jefferies Financial Group lifted their target price on shares of Duke Energy from $125.00 to $141.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. The Goldman Sachs Group lifted 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. Truist Financial assumed coverage on shares of Duke Energy in a report on Monday, April 20th. They issued a “buy” rating and a $142.00 price target for the company. Finally, Mizuho set a $130.00 price target on shares of Duke Energy in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.25.

Insider Buying and Selling at Duke Energy

In related news, SVP Regis T. Repko sold 962 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. The trade was a 19.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 22,007 shares in the company, valued at $2,809,633.69. This represents a 23.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.

Key Stories Impacting Duke Energy

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

• Positive Sentiment: South Carolina regulators approved a settlement to combine Duke Energy Carolinas and Duke Energy Progress, an agreement that the company says includes guaranteed, trackable long?term customer savings backed by shareholder commitments — a regulatory win that reduces execution risk and may improve future rate outcomes. South Carolina customers projected to benefit from billions in long-term savings from approved combination of Duke Energy utilities
• Positive Sentiment: Local goodwill/ESG: The Duke Energy Foundation awarded $275,000 for South Carolina green-space projects, a modest reputational positive that supports community relations amid rate debates. Duke Energy Foundation awards $275,000 for SC green spaces
• Neutral Sentiment: Security/operations: Extra security measures are being implemented after a threat related to Duke’s CEO speaking at an NC State commencement — operational/PR risk but not directly financial. A look at graduation security measures after threat against Duke Energy CEO set to speak at NC State commencement
• Neutral Sentiment: Operational risk: Duke continues to monitor extreme drought conditions that could force water restrictions — something to watch for potential operational impacts in affected service areas. Duke Energy continues to monitor extreme drought conditions, mandatory water restrictions possible
• Negative Sentiment: Regulatory/political pressure: Multiple hearings and public rallies show strong customer opposition to a proposed rate hike (reports cite possible increases as high as ~18% and emotional testimony about affordability), creating regulatory and reputational headwinds that can pressure near?term shares. Duke customers speak against rate hike in hearing
• Negative Sentiment: Public protests and critical coverage amplify downside risk from the rate fight — stories highlight customer hardship and label the hike a “nightmare,” increasing political scrutiny and potential for tougher regulatory outcomes. Protestors push back against ‘fossil fuels from hell’ during Duke Energy rate hike hearing
• Negative Sentiment: Market reaction: Recent coverage notes the stock has dipped more than the broader market amid these developments, suggesting investor sensitivity to the regulatory/rate narratives. Duke Energy (DUK) Dips More Than Broader Market: What You Should Know

Duke Energy Price Performance

Shares of DUK stock opened at $128.78 on Friday. Duke Energy Corporation has a 12-month low of $111.22 and a 12-month high of $134.49. The firm has a market capitalization of $100.20 billion, a price-to-earnings ratio of 20.38 and a beta of 0.41. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54. The firm has a fifty day moving average of $129.82 and a 200-day moving average of $124.30.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.49 by $0.01. The business had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.57 billion. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. During the same period in the previous year, the firm posted $1.66 EPS. On average, equities research analysts forecast that Duke Energy Corporation will post 6.7 earnings per share for the current year.

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.