New Hampshire Trust Raises Position in Duke Energy Corporation $DUK

New Hampshire Trust raised its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,126 shares of the utilities provider’s stock after acquiring an additional 102 shares during the quarter. New Hampshire Trust’s holdings in Duke Energy were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DUK. Activest Wealth Management raised 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 purchasing an additional 105 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Duke Energy during the 1st quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy during the 1st quarter valued at $27,000. 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 purchasing an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC raised 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 valued at $31,000 after purchasing an additional 198 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Insider Transactions at Duke Energy

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction dated 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 in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $248,760.00. Following 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 disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Duke Energy Stock Performance

Duke Energy stock opened at $127.41 on Friday. The company’s 50-day moving average price is $123.71 and its 200-day moving average price is $120.47. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. 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 company has a market cap of $99.07 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 3.13 and a beta of 0.44.

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

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a $1.065 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. Duke Energy’s payout ratio is 69.27%.

Wall Street Analysts Forecast Growth

DUK has been the topic of several recent analyst reports. TD Cowen initiated coverage on shares of Duke Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $143.00 price objective on the stock. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the company a “sector outperform” rating in a report on Friday, October 3rd. Cowen initiated coverage on shares of Duke Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. UBS Group lifted their price target on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.36.

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.