Sage Mountain Advisors LLC Has $430,000 Stock Holdings in Duke Energy Corporation $DUK

Sage Mountain Advisors LLC reduced its stake in Duke Energy Corporation (NYSE:DUK) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,648 shares of the utilities provider’s stock after selling 196 shares during the period. Sage Mountain Advisors LLC’s holdings in Duke Energy were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. GQG Partners LLC raised its holdings in Duke Energy by 17,880.0% in the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after acquiring an additional 10,192,503 shares during the period. Nuveen LLC acquired a new position in shares of Duke Energy in the first quarter valued at approximately $702,351,000. Raymond James Financial Inc. increased its stake in shares of Duke Energy by 88.1% during the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after purchasing an additional 2,276,948 shares during the period. Vanguard Group Inc. boosted its stake in Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after purchasing an additional 1,676,061 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in Duke Energy by 359.1% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock valued at $138,145,000 after buying an additional 885,900 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling

In other news, SVP Bonnie B. Titone sold 2,000 shares of the 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 completion of the transaction, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 $5,768,397.72. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DUK has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a report on Friday. TD Cowen initiated coverage on shares of Duke Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $143.00 price objective for the company. Scotiabank set a $137.00 target price on shares of Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. Cowen assumed coverage on shares of Duke Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, Barclays increased their price target 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 equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.36.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $127.41 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The company has a market cap of $99.07 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 3.13 and a beta of 0.44. The company has a 50 day moving average of $123.71 and a 200-day moving average of $120.47. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The firm had revenue of $7.51 billion for 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%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

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

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.