Duke Energy Corporation $DUK Shares Acquired by Vest Financial LLC

Vest Financial LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 39.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,350 shares of the utilities provider's stock after purchasing an additional 7,428 shares during the quarter. Vest Financial LLC's holdings in Duke Energy were worth $3,109,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management boosted its holdings in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock worth $26,000 after purchasing an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy during the first quarter worth $27,000. Wayfinding Financial LLC acquired a new position in Duke Energy in the first quarter valued at $27,000. Mascoma Wealth Management LLC boosted its holdings in Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its holdings 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 valued at $31,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on DUK shares. Morgan Stanley reduced their target price on Duke Energy from $129.00 to $127.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their target price on Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Duke Energy in a report on Wednesday, October 8th. Finally, Jefferies Financial Group cut Duke Energy from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $141.00 to $134.00 in a research note on Friday, September 26th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Duke Energy presently has a consensus rating of "Moderate Buy" and an average price target of $135.50.

Insider Activity at Duke Energy

In other 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 transaction, the senior vice president directly owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction, the executive vice president directly owned 46,422 shares of the company's stock, valued at $5,768,397.72. This trade 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 currently owned by corporate insiders.

Duke Energy Stock Up 1.4%

Shares of Duke Energy stock opened at $127.81 on Wednesday. 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 cap of $99.39 billion, a P/E ratio of 20.78, a P/E/G ratio of 3.04 and a beta of 0.44. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $128.49. The business has a 50-day moving average price of $123.17 and a 200 day moving average price of $119.98.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, sell-side analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

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.

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