Harbour Trust & Investment Management Co Has $911,000 Stock Position in Duke Energy Corporation $DUK

Harbour Trust & Investment Management Co boosted its position in Duke Energy Corporation (NYSE:DUK) by 10.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,721 shares of the utilities provider’s stock after purchasing an additional 734 shares during the period. Harbour Trust & Investment Management Co’s holdings in Duke Energy were worth $911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DUK. Activest Wealth Management increased its holdings in Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Duke Energy in the 1st quarter worth about $27,000. N.E.W. Advisory Services LLC acquired a new position in Duke Energy in the 1st quarter worth about $27,000. Mascoma Wealth Management LLC increased its holdings in Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC increased its holdings in Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value 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. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the 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 completion of the transaction, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DUK has been the subject of several recent research reports. UBS Group increased their price target on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley decreased their price target on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday, October 8th. Evercore ISI initiated coverage on Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target for the company. Finally, Scotiabank set a $137.00 price target on Duke Energy and gave the company a “sector outperform” rating in a research note on Friday, October 3rd. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.08.

Duke Energy Stock Down 0.7%

Shares of Duke Energy stock opened at $126.11 on Tuesday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $127.85. 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 stock’s 50-day moving average is $123.10 and its 200 day moving average is $119.93. The firm has a market cap of $98.06 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 3.06 and a beta of 0.44.

Duke Energy (NYSE:DUK) last announced its quarterly 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 firm had revenue of $7.51 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

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.