Oak Harvest Investment Services Purchases 42,731 Shares of Duke Energy Corporation $DUK

Oak Harvest Investment Services boosted its position in Duke Energy Corporation (NYSE:DUK) by 70.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,358 shares of the utilities provider’s stock after purchasing an additional 42,731 shares during the quarter. Duke Energy comprises 1.5% of Oak Harvest Investment Services’ investment portfolio, making the stock its 16th biggest position. Oak Harvest Investment Services’ holdings in Duke Energy were worth $12,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Duke Energy in the 1st quarter worth approximately $27,000. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the 2nd quarter worth $28,000. Mascoma Wealth Management LLC raised 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 valued at $29,000 after buying an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Activity

In other news, SVP Bonnie B. Titone sold 2,000 shares of the firm’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 completion of the transaction, the senior vice president owned 19,608 shares in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DUK. TD Cowen began coverage on Duke Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $143.00 price target on the stock. BTIG Research raised shares of Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Mizuho lifted their target price on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Evercore ISI began coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price target for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Duke Energy Price Performance

Shares of DUK stock opened at $123.57 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. The firm has a market cap of $96.10 billion, a P/E ratio of 20.09, a P/E/G ratio of 3.05 and a beta of 0.45. The business’s 50 day moving average price is $124.12 and its 200-day moving average price is $120.91. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $130.03.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.51 billion. During the same period in the previous year, the firm earned $1.62 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. The ex-dividend date is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio is 66.98%.

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.