Stanley Laman Group Ltd. Has $335,000 Stock Holdings in Duke Energy Corporation $DUK

Stanley Laman Group Ltd. increased its position in Duke Energy Corporation (NYSE:DUK) by 15.7% in the second quarter, Holdings Channel.com reports. The firm owned 2,840 shares of the utilities provider’s stock after acquiring an additional 386 shares during the period. Stanley Laman Group Ltd.’s holdings in Duke Energy were worth $335,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in 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 buying an additional 105 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy during the 1st quarter valued at $27,000. Wayfinding Financial LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at $27,000. Mascoma Wealth Management LLC boosted its position in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 198 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Duke Energy Stock Performance

Shares of DUK stock opened at $128.55 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $129.51. The company’s 50 day moving average price is $123.34 and its two-hundred day moving average price is $120.13. The company has a market capitalization of $99.96 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 3.16 and a beta of 0.44.

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

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio is currently 69.27%.

Analysts Set New Price Targets

Several research firms have weighed in on DUK. Cowen initiated coverage on Duke Energy in a research note on Wednesday. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. BMO Capital Markets upped their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, Morgan Stanley reduced their price target on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $136.77.

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.