Sequoia Financial Advisors LLC Has $4.38 Million Stake in Duke Energy Corporation $DUK

Sequoia Financial Advisors LLC grew its stake in Duke Energy Corporation (NYSE:DUK) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 37,108 shares of the utilities provider’s stock after purchasing an additional 1,280 shares during the period. Sequoia Financial Advisors LLC’s holdings in Duke Energy were worth $4,379,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Activest Wealth Management lifted its position in shares of Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after buying an additional 105 shares in the last quarter. Wayfinding Financial LLC bought a new position in Duke Energy in the 1st quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new position in Duke Energy in the 1st quarter valued at $27,000. Mascoma Wealth Management LLC boosted its holdings in shares of 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 buying an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 198 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Duke Energy stock opened at $127.81 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $99.39 billion, a PE ratio of 20.78, a P/E/G ratio of 3.04 and a beta of 0.44. The firm has a fifty day simple moving average of $123.17 and a two-hundred day simple moving average of $119.98. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $128.49.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DUK. Morgan Stanley decreased their price target on shares of 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. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Evercore ISI initiated coverage on Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price target on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.50.

Insider Buying and Selling

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. The trade was 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.

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.