Several investment firms have been adjusting their stance on Duke Energy Co.
CHURCHILL MANAGEMENT Corp and Compass Wealth Management LLC have reduced their position, whereas Fisher Asset Management LLC, Massmutual Trust Co. FSB ADV, Kapitalo Investimentos Ltda, Banque Cantonale Vaudoise, and HighPoint Advisor Group LLC have bolstered their stakes. It appears that
Duke Energy is planning to
sell its stake in the Pioneer Transmission joint venture to John Laing while also exploring innovative methods such as
reusing coal ash in concrete products. Their stock has been signaling some attention, experiencing
large volume increases as well as positive and negative fluctuations, which hint at a
mixed market reaction. The company's Q1 2024 earnings call transcript indicates
strong financial performance despite
revenues falling short of estimates. The firm has found favor with tech giants like Amazon, Google, and Microsoft, who along with Nucor have signed a power supply agreement with them. However, the company has also seen
insider selling of shares by Director E Mckee. While heavily dominated by institutional ownership, some
concerns over company's use of debt have been raised as well. Despite the challenges, Duke Energy remains focused on a cleaner future as emphasized in its annual Impact Report.
Duke Energy Corporation DUK News Analytics from Wed, 04 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 13:40:32 GMT -
Rating 2
- Innovation -3
- Information 8
- Rumor 1
