Duke Energy Shares Bought by Assetmark Inc.

Institutional investor increases stake in utility company

Apr. 17, 2026 at 7:28am

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A dramatic close-up view of the intricate machinery and equipment inside a Duke Energy power substation, conveying the scale and complexity of the utility's critical infrastructure.Duke Energy's vast network of power substations and grid infrastructure is the backbone of its operations, delivering reliable electricity to millions of customers across the Southeast.Charlotte Today

Assetmark Inc., an investment management firm, increased its position in Duke Energy Corporation (NYSE: DUK) by 14.6% during the fourth quarter, according to a recent SEC filing. The fund now owns 123,669 shares of the utilities provider's stock, valued at $14.5 million.

Why it matters

Duke Energy is one of the largest electric power holding companies in the United States, serving millions of customers across the Carolinas, Florida, Indiana, Ohio, and Kentucky. Institutional investor activity in the stock can signal broader market sentiment and outlook for the utility sector.

The details

Assetmark Inc. added 15,775 shares of Duke Energy to its portfolio in the fourth quarter, bringing its total stake to 123,669 shares. This represents a 14.6% increase in the firm's position in the company. Duke Energy's stock has seen steady growth over the past year, driven by investments in renewable energy and grid modernization projects.

  • Assetmark Inc. reported the increased stake in its 13F filing for the fourth quarter of 2025.

The players

Assetmark Inc.

An investment management firm that provides wealth management and financial planning services.

Duke Energy Corporation

A large electric power holding company that generates, transmits, and distributes electricity to customers in the Carolinas, Florida, Indiana, Ohio, and Kentucky.

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The takeaway

The increased stake by Assetmark Inc. in Duke Energy suggests continued institutional investor confidence in the utility's long-term growth prospects, particularly as it invests in renewable energy and grid modernization initiatives.