Brevan Howard Capital Management LP Has $3.75 Million Stock Position in Duke Energy Corporation $DUK

Brevan Howard Capital Management LP increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 309.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,286 shares of the utilities provider’s stock after acquiring 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 SEC filing.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Duke Energy by 37.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 41,642 shares of the utilities provider’s stock worth $5,153,000 after acquiring an additional 11,409 shares in the last quarter. Applied Finance Capital Management LLC purchased a new position in Duke Energy during the 3rd quarter valued at about $1,046,000. Lockheed Martin Investment Management Co. increased its holdings in shares of Duke Energy by 11.3% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 274,630 shares of the utilities provider’s stock valued at $33,985,000 after purchasing an additional 27,820 shares during the period. Alley Investment Management Company LLC increased its holdings in shares of Duke Energy by 13.0% in the 3rd quarter. Alley Investment Management Company LLC now owns 88,018 shares of the utilities provider’s stock valued at $10,892,000 after purchasing an additional 10,108 shares during the period. Finally, Greystone Financial Group LLC lifted its position in shares of Duke Energy by 12.7% in the third quarter. Greystone Financial Group LLC now owns 93,766 shares of the utilities provider’s stock worth $11,604,000 after purchasing an additional 10,580 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

More 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 at Duke Energy

In other Duke Energy news, SVP Regis T. Repko sold 962 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the transaction, the senior vice president directly owned 3,896 shares in the company, valued at $498,142.56. This trade represents 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 the SEC website. Also, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $127.67, for a total value of $868,156.00. Following the completion of the sale, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at $2,809,633.69. This represents a 23.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by insiders.

Duke Energy Trading Up 0.3%

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

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The firm had revenue of $7.94 billion during 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 company earned $1.66 earnings per share. On average, research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 13th were paid a $1.065 dividend. 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 payout ratio is presently 67.41%.

Analysts Set New Price Targets

Several analysts recently commented on DUK shares. The Goldman Sachs Group raised their price target 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. JPMorgan Chase & Co. cut their target price on shares of Duke Energy from $136.00 to $126.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. BMO Capital Markets reissued an “outperform” rating and set a $136.00 target price on shares of Duke Energy in a research note on Wednesday, February 11th. Jefferies Financial Group boosted their price target on shares of Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $137.80.

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.