Pinnacle Wealth Management Group Inc. Cuts Stock Position in Duke Energy Corporation $DUK

Pinnacle Wealth Management Group Inc. cut its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,048 shares of the utilities provider’s stock after selling 200 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in Duke Energy were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its stake in Duke Energy by 2.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,917,951 shares of the utilities provider’s stock worth $226,318,000 after purchasing an additional 44,982 shares during the period. West Michigan Advisors LLC grew its position in shares of Duke Energy by 13.8% during the second quarter. West Michigan Advisors LLC now owns 7,446 shares of the utilities provider’s stock worth $879,000 after buying an additional 903 shares in the last quarter. Moloney Securities Asset Management LLC grew its position in shares of Duke Energy by 2.2% during the second quarter. Moloney Securities Asset Management LLC now owns 18,291 shares of the utilities provider’s stock worth $2,158,000 after buying an additional 392 shares in the last quarter. Jackson Hole Capital Partners LLC grew its position in shares of Duke Energy by 3.4% during the second quarter. Jackson Hole Capital Partners LLC now owns 46,052 shares of the utilities provider’s stock worth $5,434,000 after buying an additional 1,535 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Duke Energy by 0.7% during the second quarter. Asset Management One Co. Ltd. now owns 380,420 shares of the utilities provider’s stock worth $44,890,000 after buying an additional 2,515 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Duke Energy

In other 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 completion of the sale, the senior vice president directly owned 19,608 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the sale, the executive vice president directly 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. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Price Performance

DUK stock opened at $127.41 on Friday. The company has a market capitalization of $99.07 billion, a P/E ratio of 20.72, a PEG ratio of 3.13 and a beta of 0.44. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The business has a 50 day simple moving average of $123.71 and a 200-day simple moving average of $120.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data 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). The firm had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous 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, equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio is presently 69.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DUK. Cowen began coverage on Duke Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Scotiabank set a $137.00 price objective on Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. Barclays boosted their price objective on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Finally, BTIG Research raised Duke Energy to a “strong-buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $138.36.

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.