Stanley Laman Group Ltd. Has $335,000 Stock Position in Duke Energy Corporation $DUK

Stanley Laman Group Ltd. increased its holdings in Duke Energy Corporation (NYSE:DUK) by 15.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,840 shares of the utilities provider’s stock after purchasing an additional 386 shares during the period. Stanley Laman Group Ltd.’s holdings in Duke Energy were worth $335,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Duke Energy by 11.6% during the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 700 shares during the last quarter. GAMMA Investing LLC boosted its position in Duke Energy by 17.8% during the first quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock worth $1,663,000 after purchasing an additional 2,061 shares during the period. ORG Wealth Partners LLC acquired a new position in Duke Energy during the first quarter valued at approximately $54,000. Advisor Resource Council bought a new position in shares of Duke Energy in the first quarter valued at approximately $354,000. Finally, Jamison Private Wealth Management Inc. lifted its stake in shares of Duke Energy by 1.2% in the first quarter. Jamison Private Wealth Management Inc. now owns 49,941 shares of the utilities provider’s stock worth $6,091,000 after buying an additional 589 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 0.9%

NYSE DUK opened at $128.55 on Friday. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $129.51. The company has a market capitalization of $99.96 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 3.16 and a beta of 0.44. The stock’s 50 day moving average is $123.34 and its two-hundred day moving average is $120.13. 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 issued its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company’s quarterly revenue was up 4.7% on a year-over-year basis. 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. Equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. 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 dividend payout ratio is presently 69.27%.

Insiders Place Their Bets

In related news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated 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 of the company’s stock, valued at $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the sale, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of research analyst reports. UBS Group raised their target price on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Cowen began coverage on Duke Energy in a research note on Wednesday. They set a “buy” rating for the company. Barclays upped their price target on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research note on Tuesday, July 1st. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average price target of $136.77.

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.