Duke Energy Corporation $DUK Shares Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC raised its stake in Duke Energy Corporation (NYSE:DUK) by 305.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,635 shares of the utilities provider’s stock after buying an additional 10,276 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Duke Energy were worth $1,785,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Cypress Capital Group grew its position in Duke Energy by 6.3% in the 1st quarter. Cypress Capital Group now owns 33,899 shares of the utilities provider’s stock worth $4,439,000 after purchasing an additional 1,997 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of Duke Energy by 0.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 1,215,832 shares of the utilities provider’s stock valued at $159,201,000 after buying an additional 8,329 shares during the last quarter. Themes Management Co LLC boosted its position in shares of Duke Energy by 18.7% during the first quarter. Themes Management Co LLC now owns 7,699 shares of the utilities provider’s stock worth $1,008,000 after buying an additional 1,211 shares during the period. Lombard Odier Asset Management Switzerland SA boosted its position in shares of Duke Energy by 12.4% during the first quarter. Lombard Odier Asset Management Switzerland SA now owns 14,500 shares of the utilities provider’s stock worth $1,899,000 after buying an additional 1,600 shares during the period. Finally, Matrix Private Capital Group LLC bought a new position in Duke Energy in the 1st quarter worth approximately $288,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Key Stories Impacting Duke Energy

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

• Positive Sentiment: Analysts expect Duke Energy’s upcoming earnings to grow and identify factors that could support an earnings beat. A favorable report could reinforce investor confidence in the company’s regulated growth outlook. Duke Energy Earnings Expected to Grow
• Positive Sentiment: Duke says expanding data-center demand should create long-term customer savings, suggesting a potential source of load growth and infrastructure investment. The company also promised not to raise rates to cover data-center costs, which may reduce near-term political and customer backlash. Duke Energy Says Data Center Growth Will Deliver Long-Term Customer Savings Duke Energy Promises No Rate Hikes
• Neutral Sentiment: Comparable utility results were encouraging: DTE Energy beat second-quarter estimates despite a year-over-year earnings decline, while CenterPoint Energy reported an adjusted earnings beat and 10.7% revenue growth. The reports provide sector context but do not directly change Duke’s earnings outlook. DTE Energy Q2 Earnings CenterPoint Energy Q2 Earnings
• Neutral Sentiment: The Duke Energy Foundation announced another $1 million for North Carolina nonprofits, taking total customer-assistance and community support above $65 million since 2016. The initiative may strengthen community relations but has limited direct earnings impact. Duke Energy North Carolina Customer Assistance
• Negative Sentiment: North Carolina officials and an attorney general are pressing Duke to protect ratepayers from data-center-related costs. Although Duke reduced its proposed rate increase and says data centers will not drive customer rate hikes, continued political and regulatory opposition could delay approvals or constrain returns. Attorney General Calls for Data Center Protections Duke Energy Rate Increase Opposition
• Negative Sentiment: Storm-related outages left thousands of Duke customers without power, creating potential near-term restoration costs and reputational pressure. Duke Energy Power Outages

Duke Energy Price Performance

Shares of NYSE DUK opened at $129.36 on Wednesday. Duke Energy Corporation has a twelve month low of $113.89 and a twelve month high of $134.49. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average of $125.51 and a two-hundred day moving average of $126.02. The company has a market capitalization of $100.85 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.84 and a beta of 0.38.

Duke Energy (NYSE:DUK) last released its earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.06. The business had revenue of $9.18 billion for 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 business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.76 EPS. As a group, analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be issued a $1.085 dividend. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, August 14th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s payout ratio is presently 65.24%.

Insiders Place Their Bets

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of the business’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 sale, the chief executive officer owned 21,415 shares in the company, valued at approximately $2,680,087.25. The trade was a 14.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the completion of the transaction, the chief executive officer owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on DUK shares. Morgan Stanley set a $138.00 target price on Duke Energy in a research note on Wednesday, July 22nd. Evercore upped their price objective on shares of Duke Energy from $139.00 to $140.00 in a report on Monday, May 11th. BMO Capital Markets decreased their target price on shares of Duke Energy from $138.00 to $134.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Capitol Sec Mgt downgraded shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, BTIG Research reiterated a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.62.

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.