Pines Wealth Management LLC Grows Holdings in Duke Energy Corporation $DUK

Pines Wealth Management LLC raised its stake in Duke Energy Corporation (NYSE:DUK) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,940 shares of the utilities provider’s stock after buying an additional 135 shares during the period. Pines Wealth Management LLC’s holdings in Duke Energy were worth $1,166,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management lifted its stake in 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 purchased a new position in shares of Duke Energy during the first quarter worth approximately $27,000. Wayfinding Financial LLC purchased a new position in Duke Energy in the 1st quarter worth $27,000. Mattson Financial Services LLC bought a new stake in shares of Duke Energy in the 4th quarter valued at about $28,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Duke Energy during the 4th quarter valued at about $27,000. 65.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. The trade was 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 company insiders.

Duke Energy Trading Down 1.7%

Shares of DUK stock opened at $120.31 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The company has a market cap of $93.56 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.95 and a beta of 0.39. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85. The firm has a fifty day moving average price of $121.60 and a 200-day moving average price of $119.23.

Duke Energy (NYSE:DUK) last released 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 company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the firm posted $1.18 earnings per share. Duke Energy’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. As a group, equities analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were issued a $1.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.26 annualized dividend and a yield of 3.5%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s payout ratio is currently 69.27%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Scotiabank lifted their target price on shares of Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 6th. Morgan Stanley reiterated an “outperform” rating on shares of Duke Energy in a report on Thursday, August 21st. Raymond James Financial assumed coverage on shares of Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. Finally, Barclays increased their target price on shares of Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.62.

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.