Mascoma Wealth Management LLC Has $29,000 Stake in Duke Energy Corporation $DUK

Mascoma Wealth Management LLC increased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 53.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249 shares of the utilities provider’s stock after buying an additional 87 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Duke Energy were worth $29,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DUK. Activest Wealth Management grew its position in Duke Energy by 98.1% during the first 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 acquired a new stake in Duke Energy during the first quarter worth approximately $27,000. N.E.W. Advisory Services LLC acquired a new stake in Duke Energy during the first quarter worth approximately $27,000. Financial Network Wealth Advisors LLC grew its position in Duke Energy by 360.0% during the first 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 in the last quarter. Finally, Saudi Central Bank acquired a new stake in Duke Energy during the first quarter worth approximately $37,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on DUK shares. Raymond James Financial started coverage on Duke Energy in a research note on Friday, June 13th. They set a “market perform” rating for the company. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a research note on Tuesday, July 1st. Jefferies Financial Group cut Duke Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from $141.00 to $134.00 in a research note on Friday, September 26th. JPMorgan Chase & Co. upped their target price on Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Finally, Morgan Stanley cut their target price on 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. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.25.

Duke Energy Stock Up 1.7%

Shares of DUK opened at $123.58 on Friday. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85. The stock has a market capitalization of $96.10 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.98 and a beta of 0.44. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The stock has a fifty day moving average of $122.58 and a 200-day moving average of $119.62.

Duke Energy (NYSE:DUK) last announced its quarterly 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 firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio is currently 69.27%.

Insider Buying and Selling at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was 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 directly owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

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.