Pinnacle Wealth Management Group Inc. Cuts Stock Position in Duke Energy Corporation $DUK

Pinnacle Wealth Management Group Inc. lessened its stake in shares of Duke Energy Corporation (NYSE:DUK) by 4.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,048 shares of the utilities provider’s stock after selling 200 shares during the quarter. Pinnacle Wealth Management Group Inc.’s holdings in Duke Energy were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Activest Wealth Management raised its position in Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Duke Energy in the first quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new position in Duke Energy in the first quarter worth $27,000. Mascoma Wealth Management LLC raised its position in Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC raised its position in Duke Energy by 360.0% in 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. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 0.1%

Duke Energy stock opened at $127.41 on Friday. The stock has a market cap of $99.07 billion, a PE ratio of 20.72, a P/E/G ratio of 3.13 and a beta of 0.44. The stock has a 50-day moving average price of $123.71 and a 200 day moving average price of $120.44. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $130.03. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS 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 return on equity of 9.85% and a net margin of 15.51%.The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

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

Insider Transactions at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy 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 sale, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy 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 sale, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BMO Capital Markets increased their price objective on Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research report on Tuesday, July 1st. Scotiabank set a $137.00 price target on Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. BTIG Research upgraded Duke Energy to a “strong-buy” rating in a research report on Wednesday. Finally, TD Cowen started coverage on Duke Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $143.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.36.

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.