Cornerstone Wealth Group LLC Purchases 1,574 Shares of Duke Energy Corporation $DUK

Cornerstone Wealth Group LLC increased its holdings in Duke Energy Corporation (NYSE:DUK) by 7.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,620 shares of the utilities provider’s stock after buying an additional 1,574 shares during the period. Cornerstone Wealth Group LLC’s holdings in Duke Energy were worth $2,669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DUK. Brighton Jones LLC raised its position in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after buying an additional 700 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Duke Energy by 17.8% in the first quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock worth $1,663,000 after buying an additional 2,061 shares in the last quarter. Tritonpoint Wealth LLC purchased a new stake in shares of Duke Energy in the first quarter worth $233,000. Dynamic Advisor Solutions LLC raised its position in shares of Duke Energy by 3.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 25,588 shares of the utilities provider’s stock worth $3,121,000 after buying an additional 866 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of Duke Energy by 45.5% in the first quarter. Ritholtz Wealth Management now owns 10,488 shares of the utilities provider’s stock worth $1,279,000 after buying an additional 3,280 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.7%

DUK opened at $126.11 on Tuesday. The company has a market cap of $98.06 billion, a P/E ratio of 20.50, a P/E/G ratio of 3.06 and a beta of 0.44. The business’s 50-day moving average price is $123.10 and its 200-day moving average price is $119.93. 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 Corporation has a 12 month low of $105.20 and a 12 month high of $127.85.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The company had revenue of $7.51 billion during 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 firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Analysts Set New Price Targets

DUK has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded Duke Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. Morgan Stanley lowered their price target on 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. The Goldman Sachs Group set a $132.00 price target 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. Finally, UBS Group raised their price target on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.08.

Insider Activity

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was 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 $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s 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 completion of the sale, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

About Duke Energy

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.