Oak Thistle 13F: New $5.8M Stake in Duke Energy (DUK)
Key Points
- Oak Thistle purchased 50,737 shares of Duke Energy Corporation DUK, valued at approximately $5.78 million, in a filing on October 21, 2026.
- The utility company reported trailing twelve month revenue of $32.80 billion alongside earnings of $6.64 per share ahead of its November 5 earnings report.
- Major financial institutions adjusted their holdings in the regulated electric utility, with firms like Massachusetts Financial Services Co. and Franklin Resources reporting changes.
Since the filing, $DUK is up 1.4% to date (from the $120.67 close on Oct 21, 2026).
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Oak Thistle disclosed a brand-new position in Duke Energy Corporation DUK, picking up 50,737 shares worth about $5.78 million. The move was revealed in a Form 13F regulatory filing submitted to the Securities and Exchange Commission on October 21, 2026.
DUK
Duke Energy Corporation
Oak Thistle vs. the S&P 500
Hypothetical returns from Oak Thistle's disclosed trades, not real profit or advice. How we model this.
What Changed in Oak Thistle's Duke Energy Position
Oak Thistle initiated its stake by acquiring 50,737 shares of the regulated electric utility. Because this is a brand-new holding for the firm, there were no previous shares recorded in the prior period. The newly established position carried a reported market value of $5,784,524 based on the filing details.
Other Institutional Activity in Duke Energy
Other large investment firms also adjusted their positions in the utility provider around recent reporting periods. Massachusetts Financial Services Co. trimmed its holdings by 1,649,299 shares to end with 12,742,489 shares worth $1,558,979,832. Franklin Resources, Inc. grew its holdings by 166,959 shares, ending with 10,537,072 shares worth about $1,289,158,086. Mitsubishi Ufj Asset Management added 114,001 shares for a total of 1,767,941 shares valued at about $227,003,613. Waverly Advisors added 4,333 shares, finishing with 109,980 shares worth about $13,921,268. Meanwhile, Caisse de Depot Et Placement Du Quebec reduced its stake by 423,315 shares to hold 1584,716 shares valued at about $200,593,354.
Duke Energy Corporation Stock Holds Steady
Duke Energy shares closed at $120.67 on October 21, 2026, and recently traded around that same level at $120.67 as of October 22, 2026. The stock sits below its 200-day moving average and about 10.3% off its 52-week high of $134.49.
Recent Earnings
Duke Energy reported trailing twelve month revenue of $32,803,000,320 and earnings of $6.64 per share. The regulated electric utility posted a net profit margin of 16.0% and a return on equity of 9.9%. Investors are looking ahead to the company's next financial results scheduled for release on November 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 2.2%. Revenue beat estimates by 7.8%.
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Profit surprise
EBITDA beat by 10 percent. Operating income beat by 16 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 target raise, 2 target cuts.
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Earnings quality
Gross margin up 16.1 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Duke delivered $1.93 in adjusted earnings per share, beating the $1.79 target, driven by infrastructure spending and favorable weather. The company signed $2.7 billion in data center contracts this quarter, bringing total to $7.6 billion, with 15.4 billion in discussions. Major wins include $3.1 billion in clean energy tax credits for customers and approval to combine two Carolina utilities, saving customers $2.3 billion by 2040. The company closed over $5 billion in asset sales and is executing its largest regulated capital plan.
Guidance Duke reaffirmed its 2026 earnings target of $6.55 to $6.80 per share and 5 to 7 percent yearly growth through 2030, with confidence to hit the top half of the range starting in 2028. The company expects data center customers to begin taking power in late 2027 and into 2028, ramping through the early 2030s. Management will update load forecasts more frequently as deals accelerate.
Underwhelming report. Mixed results that may lead to slightly lower expectations.
Dividend
Duke Energy pays an annual dividend rate of $4.34 per share, offering a dividend yield of 3.6%. The company's dividend payout ratio stands at 64.2%.
Insider Buying and Selling at Duke Energy Corporation
Company insiders executed several stock transactions earlier in the year. Officer Kodwo Ghartey-Tagoe disposed of 18,246 shares valued at $2,400,653 on March 2, 2026. Officer Regis T Repko sold 663 shares at $131.00 per share for a total of $86,853 on March 2, 2026. Chief Executive Officer Harry K. Sideris parted with 20,000 shares at $124.37 per share, totaling $2,487,400 on May 8, 2026. Officer Louis E Renjel disposed of 3,500 shares at $125.15 per share for a total of $438,025 on May 11, 2026.
Analysts Set New Price Targets
Wall Street analysts updated their views on the utility provider ahead of the filing. On October 9, 2026, Barclays maintained its Overweight rating while lowering its price target to $124.00 from $132.00. Truist Securities maintained a Buy rating on October 12, 2026, adjusting its price target down to $130.00 from $135.00. JP Morgan maintained a Neutral rating on October 13, 2026, lowering its target to $130.00 from $137.00. Keybanc maintained an Overweight rating on October 13, 2026, moving its target to $128.00 from $139.00. Morgan Stanley maintained an Equal-Weight rating on October 21, 2026, setting a target of $128.00. Overall, the stock holds a consensus buy rating with a mean price target of $132.32 across 19 analyst opinions.
About Duke Energy
Duke Energy Corporation operates as a regulated electric and gas utility serving customers across the Southeast and Midwest regions of the United States. The utility generates power using a mix of coal, natural gas, nuclear fuel, hydroelectric sources, and renewables to supply homes and businesses.
Bottom Line
Oak Thistle's new position highlights ongoing institutional interest in the utility sector. Investors will be watching the upcoming earnings release on November 5, 2026, for updates on operational performance and financial guidance.
Related Filing Alerts
Source: Oak Thistle's 13F filing on $DUK (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts