MGO One Seven LLC Boosts Stake in Duke Energy Corporation $DUK

MGO One Seven LLC lifted its holdings in Duke Energy Corporation (NYSE:DUK) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,541 shares of the utilities provider’s stock after buying an additional 508 shares during the quarter. MGO One Seven LLC’s holdings in Duke Energy were worth $3,014,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Activest Wealth Management boosted its stake in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after buying an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Duke Energy in the first quarter valued at approximately $27,000. Wayfinding Financial LLC purchased a new stake in Duke Energy during the first quarter worth $27,000. Mascoma Wealth Management LLC boosted its position in Duke Energy by 53.7% during the second 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 boosted its position in Duke Energy by 360.0% during the first 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. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on DUK. Morgan Stanley decreased their target price on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. UBS Group boosted their target price on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. Finally, Barclays boosted their target price on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.50.

Insider Buying and Selling at Duke Energy

In related news, 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 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 approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value 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 $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. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Stock Performance

NYSE DUK opened at $127.81 on Wednesday. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $128.49. The stock has a market cap of $99.39 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 3.04 and a beta of 0.44. The business has a fifty day moving average of $123.17 and a 200-day moving average of $119.98. 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) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the firm earned $1.18 earnings per share. The business’s revenue 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, analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

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.