Oak Grove Capital LLC Grows Stock Position in Duke Energy Corporation $DUK

Oak Grove Capital LLC grew its position in Duke Energy Corporation (NYSE:DUK) by 60.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,150 shares of the utilities provider’s stock after acquiring an additional 48,160 shares during the quarter. Duke Energy comprises 2.5% of Oak Grove Capital LLC’s holdings, making the stock its 13th largest position. Oak Grove Capital LLC’s holdings in Duke Energy were worth $15,122,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Reyes Financial Architecture Inc. lifted its position in shares of Duke Energy by 4.8% in the first quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 83 shares in the last quarter. Lokken Investment Group LLC lifted its position in shares of Duke Energy by 3.3% in the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 84 shares in the last quarter. Private Wealth Asset Management LLC lifted its position in shares of Duke Energy by 6.4% in the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock valued at $166,000 after acquiring an additional 85 shares in the last quarter. Clear Creek Financial Management LLC lifted its position in Duke Energy by 3.7% during the first quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock worth $298,000 after buying an additional 86 shares in the last quarter. Finally, Souders Financial Advisors lifted its position in Duke Energy by 0.7% during the first quarter. Souders Financial Advisors now owns 12,443 shares of the utilities provider’s stock worth $1,518,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $127.41 on Monday. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $130.03. 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 $99.07 billion, a P/E ratio of 20.72, a P/E/G ratio of 3.13 and a beta of 0.44. The stock’s fifty day moving average is $123.71 and its two-hundred day moving average is $120.50.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data 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 analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s quarterly revenue was up 4.7% compared to the same quarter last year. 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. Equities analysts expect 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. Investors 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 is Friday, November 14th. Duke Energy’s payout ratio is currently 69.27%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research report on Tuesday, July 1st. TD Cowen assumed coverage on Duke Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $143.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research report on Friday. Jefferies Financial Group lifted their price objective on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Barclays lifted 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $138.36.

Insider Buying and Selling at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction 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. The trade was a 12.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were 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 owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Duke Energy Company 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.