Duke Energy Corporation $DUK Shares Bought by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust raised its holdings in Duke Energy Corporation (NYSE:DUK) by 388.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,212 shares of the utilities provider’s stock after purchasing an additional 3,350 shares during the period. Bank of Jackson Hole Trust’s holdings in Duke Energy were worth $497,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares 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 worth $26,000 after acquiring an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy in the first quarter worth approximately $27,000. Wayfinding Financial LLC acquired a new stake in shares of Duke Energy in the first quarter worth approximately $27,000. Mascoma Wealth Management LLC boosted its stake in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its stake in shares of Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 198 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

NYSE:DUK opened at $125.70 on Wednesday. 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 $97.74 billion, a P/E ratio of 20.44, a P/E/G ratio of 3.13 and a beta of 0.44. The stock’s fifty day moving average is $123.87 and its two-hundred day moving average is $120.64.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. Duke Energy’s revenue for the quarter 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. Equities analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be given a $1.065 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. Duke Energy’s payout ratio is currently 69.27%.

Wall Street Analyst Weigh In

DUK has been the topic of a number of research analyst reports. BTIG Research raised Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Mizuho boosted their price objective on Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday. Morgan Stanley boosted their price objective on Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group boosted their price objective on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Finally, The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

Insiders Place Their Bets

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. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by insiders.

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.