Duke Energy Corporation $DUK Position Decreased by Constitution Capital LLC

Constitution Capital LLC lowered its holdings in Duke Energy Corporation (NYSE:DUK) by 31.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 34,713 shares of the utilities provider’s stock after selling 16,000 shares during the quarter. Duke Energy makes up about 2.3% of Constitution Capital LLC’s portfolio, making the stock its 17th biggest holding. Constitution Capital LLC’s holdings in Duke Energy were worth $4,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DUK. Janus Henderson Group PLC lifted its stake in Duke Energy by 5,254.4% during the first quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock valued at $358,227,000 after purchasing an additional 2,684,721 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock valued at $9,172,709,000 after buying an additional 1,957,592 shares in the last quarter. Amundi increased its holdings in shares of Duke Energy by 56.9% in the fourth quarter. Amundi now owns 2,662,460 shares of the utilities provider’s stock valued at $312,067,000 after buying an additional 965,808 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Duke Energy by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock valued at $965,446,000 after acquiring an additional 954,907 shares during the last quarter. Finally, Milford Funds Ltd. bought a new stake in shares of Duke Energy during the 4th quarter worth $97,905,000. 65.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DUK. UBS Group cut their target price on Duke Energy from $137.00 to $135.00 in a research report on Monday, May 11th. Morgan Stanley set a $138.00 price target on Duke Energy in a research report on Wednesday, July 22nd. BTIG Research reissued a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. Barclays cut their price objective on Duke Energy from $140.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, BMO Capital Markets reduced their price objective on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.44.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $120.98 on Tuesday. The company’s fifty day moving average is $125.64 and its two-hundred day moving average is $126.44. The company has a market cap of $94.33 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 2.75 and a beta of 0.38. Duke Energy Corporation has a 12-month low of $113.89 and a 12-month high of $134.49. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 1.47.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.30 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.The business had revenue of $7.59 billion during the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter last year, the firm posted $1.25 earnings per share. Duke Energy’s revenue was up 1.1% compared to the same quarter last year. Duke Energy has set its FY 2026 guidance at 6.550-6.800 EPS. Equities analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently disclosed 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 represents a $4.34 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 14th. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio is 63.96%.

Key Headlines Impacting Duke Energy

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

• Positive Sentiment: Extreme heat in North Carolina pushed cooling demand 43% above normal, while Duke Energy urged customers to reduce usage during demand spikes. Elevated consumption could support near-term electricity sales, although the requests also highlight grid and affordability pressures. North Carolina heat sends cooling demand 43% above normal
• Positive Sentiment: Duke lowered its requested rate increase for Eastern North Carolina and the Asheville area before regulators. A smaller request may improve the chances of approval and reduce political resistance, while still allowing recovery of infrastructure and operating costs. Duke Energy lowers rate increase ask
• Neutral Sentiment: Another proposed Duke rate hike is returning to regulators as hot weather increases demand. Regulatory approval could support revenue, but customer-bill increases remain politically sensitive and could be reduced or delayed. Duke Energy rate hike heads back before regulators
• Neutral Sentiment: Clearwater abandoned a proposed Duke Energy buyout, and Florida TaxWatch urged St. Petersburg to take a similar approach. The developments reduce near-term transaction uncertainty but could complicate Duke’s municipal-relationship and growth outlook in Florida. Florida TaxWatch applauds Clearwater buyout decision
• Negative Sentiment: Duke announced a $1.75 billion equity-units offering, consisting of contracts to purchase common stock and interests in senior notes. The financing supports capital investment but increases financing costs and introduces potential future share dilution, making it the clearest near-term headwind for DUK. Duke Energy announces equity units offering
• Negative Sentiment: Industry discussion about retreating from wind in favor of natural gas raises longer-term fuel-price, regulatory and transition risks for utilities. Greater dependence on gas could expose Duke and its customers to commodity-price volatility. America’s wind retreat and natural gas dependence

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.