Brevan Howard Capital Management LP Buys 22,885 Shares of Duke Energy Corporation $DUK

Brevan Howard Capital Management LP grew its position in Duke Energy Corporation (NYSE:DUK) by 309.2% during the third quarter, HoldingsChannel reports. The firm owned 30,286 shares of the utilities provider’s stock after buying an additional 22,885 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Duke Energy were worth $3,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DUK. Bare Financial Services Inc boosted its holdings in shares of Duke Energy by 211.1% during the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider’s stock worth $35,000 after buying an additional 190 shares during the period. Anfield Capital Management LLC raised its holdings in Duke Energy by 2,608.3% in the 2nd quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 313 shares during the period. Meeder Asset Management Inc. acquired a new position in Duke Energy during the 3rd quarter worth $39,000. Imprint Wealth LLC acquired a new position in Duke Energy during the 3rd quarter worth $39,000. Finally, Total Investment Management Inc. bought a new stake in Duke Energy during the second quarter valued at about $46,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Up 0.3%

Shares of DUK opened at $133.54 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.33 and a current ratio of 0.55. The company has a 50-day simple moving average of $124.28 and a 200-day simple moving average of $122.70. Duke Energy Corporation has a 52 week low of $111.22 and a 52 week high of $134.27. The firm has a market capitalization of $103.85 billion, a P/E ratio of 21.13 and a beta of 0.50.

Duke Energy (NYSE:DUK) last released its earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same period last year, the business earned $1.66 earnings per share. On average, equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 13th were issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, February 13th. Duke Energy’s dividend payout ratio (DPR) is presently 67.41%.

Key Duke Energy News

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

• Positive Sentiment: Settlement reached to combine Duke Energy Carolinas and Duke Energy Progress operations in South Carolina — the deal is pitched to deliver customer savings and operational efficiencies, which could boost regulated earnings if approved by state regulators. Duke Energy Carolinas Deal Tests Regulatory Support For Efficiency And Growth
• Neutral Sentiment: Flowserve board appointment item included in feeds but is unrelated to Duke Energy operations or near-term fundamentals. Flowserve Appoints Brian Savoy to Board of Directors
• Neutral Sentiment: Duke issued multiple advisories urging customers in the Carolinas to prepare for damaging high winds and possible tornadic activity — this is a preparedness effort that helps limit safety issues and reputational risk but does not itself indicate damage. Duke Energy urges customers to prepare for damaging high winds and possible tornadic activities across the Carolinas
• Negative Sentiment: Active outages: Duke has called in extra crews to respond to power outages in Bartholomew County — this indicates on-the-ground restoration costs and short-term service disruptions. Duke Energy calls in extra help for power outages in Bartholomew County
• Negative Sentiment: Severe-weather impacts in Charlotte and across the Carolinas — on-camera updates and local reports show outages and restoration activity, underscoring potential repair and vegetation-management costs. Duke Energy updates power outages in Charlotte after severe weather
• Negative Sentiment: Multiple local outlets (WRAL, MSN, CBS17) highlight preparations for wind damage and tornado risk — elevated outage risk this week could pressure near-term operations and increase O&M spending. Duke Energy preparing for power outages, wind damage

Insider Buying and Selling

In other Duke Energy news, SVP Regis T. Repko sold 962 shares of Duke Energy stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total transaction of $123,001.32. Following the sale, the senior vice president owned 3,896 shares in the company, valued at $498,142.56. The trade was a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 trade represents a 23.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DUK. JPMorgan Chase & Co. dropped their price objective on Duke Energy from $136.00 to $126.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Wells Fargo & Company increased their target price on Duke Energy from $115.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Barclays lowered their target price on Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Evercore reaffirmed an “in-line” rating and issued a $139.00 price target on shares of Duke Energy in a research report on Thursday, March 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $136.00 price objective on shares of Duke Energy in a research report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Duke Energy presently has an average rating of “Hold” and a consensus price target of $137.80.

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.