Duke Energy Corporation $DUK Shares Purchased by Oak Grove Capital LLC

Oak Grove Capital LLC increased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 60.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 128,150 shares of the utilities provider’s stock after purchasing an additional 48,160 shares during the period. Duke Energy makes up 2.5% of Oak Grove Capital LLC’s investment portfolio, making the stock its 13th biggest position. Oak Grove Capital LLC’s holdings in Duke Energy were worth $15,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Activest Wealth Management grew its stake in Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Duke Energy during the 1st quarter worth about $27,000. Wayfinding Financial LLC acquired a new position in shares of Duke Energy during the 1st quarter worth about $27,000. Mascoma Wealth Management LLC boosted its position in shares of Duke Energy by 53.7% during the 2nd 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 boosted its position in shares of Duke Energy by 360.0% during the 1st 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. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Up 0.1%

Duke Energy stock opened at $127.41 on Monday. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $130.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The company has a market capitalization of $99.07 billion, a P/E ratio of 20.72, a PEG ratio of 3.13 and a beta of 0.44. The stock has a 50-day simple moving average of $123.71 and a 200-day simple moving average of $120.50.

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 the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the firm posted $1.18 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BTIG Research raised Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. UBS Group upped their price objective on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Morgan Stanley upped their price objective on Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays upped their price objective on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Scotiabank set a $137.00 price objective on Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $138.36.

Insider Activity at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’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 transaction of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the sale, the executive vice president directly 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 disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

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.