NorthRock Partners LLC Has $1.09 Million Stock Position in Duke Energy Corporation $DUK

by · The Cerbat Gem

NorthRock Partners LLC raised its holdings in Duke Energy Corporation (NYSE:DUK – Free Report) by 25.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 9,277 shares of the utilities provider’s stock after acquiring an additional 1,910 shares during the period. NorthRock Partners LLC’s holdings in Duke Energy were worth $1,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. Brighton Jones LLC increased its position in Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC increased its position in Duke Energy by 17.8% in the 1st quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock valued at $1,663,000 after acquiring an additional 2,061 shares during the period. Tritonpoint Wealth LLC bought a new stake in shares of Duke Energy in the 1st quarter valued at $233,000. Dynamic Advisor Solutions LLC boosted its stake in shares of Duke Energy by 3.5% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 25,588 shares of the utilities provider’s stock valued at $3,121,000 after purchasing an additional 866 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of Duke Energy by 45.5% in the 1st quarter. Ritholtz Wealth Management now owns 10,488 shares of the utilities provider’s stock valued at $1,279,000 after purchasing an additional 3,280 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.7%

Shares of NYSE DUK opened at $126.11 on Tuesday. The firm has a market cap of $98.06 billion, a PE ratio of 20.50, a P/E/G ratio of 3.06 and a beta of 0.44. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $127.85. The company’s fifty day simple moving average is $123.10 and its 200 day simple moving average is $119.93. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK – Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, sell-side analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the transaction, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DUK shares. Morgan Stanley reduced their price objective on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. UBS Group upped their price objective on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday. BMO Capital Markets upped their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday. Evercore ISI started coverage on shares of Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective on the stock. Finally, Barclays upped their price objective on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.08.

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About Duke Energy

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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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