Harbour Trust & Investment Management Co Purchases 734 Shares of Duke Energy Corporation $DUK

Harbour Trust & Investment Management Co boosted its position in Duke Energy Corporation (NYSE:DUK) by 10.5% in the second quarter, HoldingsChannel reports. The firm owned 7,721 shares of the utilities provider’s stock after buying an additional 734 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Duke Energy were worth $911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Duke Energy by 11.6% during the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after purchasing an additional 700 shares during the last quarter. GAMMA Investing LLC increased its holdings in Duke Energy by 17.8% during the first quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock worth $1,663,000 after buying an additional 2,061 shares during the last quarter. Tritonpoint Wealth LLC bought a new stake in Duke Energy in the first quarter worth about $233,000. Dynamic Advisor Solutions LLC boosted its stake in Duke Energy by 3.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 25,588 shares of the utilities provider’s stock valued at $3,121,000 after acquiring an additional 866 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Duke Energy by 45.5% during the 1st quarter. Ritholtz Wealth Management now owns 10,488 shares of the utilities provider’s stock valued at $1,279,000 after acquiring an additional 3,280 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Down 0.7%

DUK stock opened at $126.11 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $98.06 billion, a PE ratio of 20.50, a PEG ratio of 3.06 and a beta of 0.44. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85. The stock has a 50-day simple moving average of $123.10 and a two-hundred day simple moving average of $119.93.

Duke Energy (NYSE:DUK) last posted its 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 company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on DUK shares. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a report on Tuesday, July 1st. Scotiabank set a $137.00 target price on Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. raised their target price on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Evercore ISI assumed coverage on Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective for the company. Finally, Barclays lifted their price objective on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.08.

Duke Energy 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.