Mascoma Wealth Management LLC Purchases 87 Shares of Duke Energy Corporation $DUK

Mascoma Wealth Management LLC grew its position in Duke Energy Corporation (NYSE:DUK) by 53.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 249 shares of the utilities provider’s stock after purchasing an additional 87 shares during the period. Mascoma Wealth Management LLC’s holdings in Duke Energy were worth $29,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management lifted its holdings in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 105 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Duke Energy in the first quarter valued at about $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy in the first quarter valued at about $27,000. Financial Network Wealth Advisors LLC raised its holdings in Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 198 shares in the last quarter. Finally, Saudi Central Bank bought a new stake in Duke Energy during the first quarter worth about $37,000. 65.31% of the stock is currently owned by institutional investors.

Insider Activity at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the transaction, the executive vice president owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Price Performance

Shares of NYSE DUK opened at $123.58 on Friday. The business’s 50 day moving average price is $122.58 and its two-hundred day moving average price is $119.62. The company has a market cap of $96.10 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.98 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.Duke Energy’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were given a $1.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DUK. UBS Group reiterated a “neutral” rating and set a $127.00 target price (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a report on Saturday, September 27th. Scotiabank set a $137.00 target price on Duke Energy and gave the stock a “sector outperform” rating in a report on Friday. Raymond James Financial began coverage on Duke Energy in a report on Friday, June 13th. They set a “market perform” rating on the stock. Finally, The Goldman Sachs Group set a $132.00 target price on Duke Energy in a report on Tuesday, July 1st. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.25.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.