Cornerstone Wealth Group LLC Purchases 1,574 Shares of Duke Energy Corporation $DUK
by Scott Moore · The Cerbat GemCornerstone Wealth Group LLC raised its position in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 7.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 22,620 shares of the utilities provider’s stock after acquiring 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.
Several other large investors have also bought and sold shares of the company. NorthRock Partners LLC boosted its position in Duke Energy by 25.9% during the 2nd quarter. NorthRock Partners LLC now owns 9,277 shares of the utilities provider’s stock valued at $1,094,000 after acquiring an additional 1,910 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Duke Energy by 3.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 18,513 shares of the utilities provider’s stock valued at $2,185,000 after acquiring an additional 676 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Duke Energy by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 67,071 shares of the utilities provider’s stock valued at $7,914,000 after acquiring an additional 400 shares in the last quarter. Concord Asset Management LLC VA boosted its position in Duke Energy by 29.3% during the 2nd quarter. Concord Asset Management LLC VA now owns 22,609 shares of the utilities provider’s stock valued at $2,668,000 after acquiring an additional 5,124 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Duke Energy by 3.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 37,108 shares of the utilities provider’s stock valued at $4,379,000 after acquiring an additional 1,280 shares in the last quarter. 65.31% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
DUK has been the topic of several research reports. Evercore ISI assumed coverage on Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. UBS Group boosted their price target on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays boosted their price target on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group cut Duke Energy from a “buy” rating to a “hold” rating and dropped their price target for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.08.
Check Out Our Latest Research Report on Duke Energy
Duke Energy Stock Performance
DUK stock opened at $126.11 on Tuesday. The stock has a market capitalization of $98.06 billion, a PE ratio of 20.50, a price-to-earnings-growth 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 has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The stock’s 50 day simple moving average is $123.10 and its 200 day simple moving average is $119.93.
Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data 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 business 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 business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.
Insider Activity at Duke Energy
In related news, 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 value of $832,542.00. Following the transaction, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’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 value of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
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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