Oak Harvest Investment Services Has $7.40 Million Position in Duke Energy Corporation $DUK

Oak Harvest Investment Services raised its stake in shares of Duke Energy Corporation (NYSE:DUK) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,627 shares of the utilities provider’s stock after buying an additional 281 shares during the quarter. Oak Harvest Investment Services’ holdings in Duke Energy were worth $7,395,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Duke Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after purchasing an additional 1,676,061 shares in the last quarter. GQG Partners LLC lifted its holdings in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after purchasing an additional 10,192,503 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Duke Energy by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after purchasing an additional 93,699 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Duke Energy by 4.4% during the 4th quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider’s stock valued at $916,168,000 after purchasing an additional 357,967 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Duke Energy by 1.9% during the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock valued at $994,496,000 after purchasing an additional 152,542 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

DUK opened at $124.2140 on Friday. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The firm has a market capitalization of $96.59 billion, a PE ratio of 20.20, a PEG ratio of 3.00 and a beta of 0.36. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The business’s 50-day simple moving average is $119.78 and its 200 day simple moving average is $118.38.

Duke Energy (NYSE:DUK) last posted its quarterly 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 return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, sell-side analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be paid a dividend of $1.065 per share. The ex-dividend date is Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is currently 69.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DUK shares. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a report on Tuesday, July 1st. Wells Fargo & Company lifted their price objective on Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Barclays lifted their price objective on Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Morgan Stanley reduced their price target on Duke Energy from $125.00 to $124.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. Finally, Raymond James Financial assumed coverage on shares of Duke Energy in a research note on Friday, June 13th. They set a “market perform” rating for the company. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.07.

Insider Buying and Selling

In other news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $832,542.00. Following the sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

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.