Mitchell Sinkler & Starr PA Has $714,000 Stake in Duke Energy Corporation $DUK

Mitchell Sinkler & Starr PA decreased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 3.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,051 shares of the utilities provider’s stock after selling 241 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Duke Energy were worth $714,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management increased its holdings in shares of Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 105 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Duke Energy during the 1st quarter valued at about $27,000. N.E.W. Advisory Services LLC acquired a new position in shares of Duke Energy during the 1st quarter valued at about $27,000. Mascoma Wealth Management LLC increased its holdings in shares of Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its stake in Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $126.88 on Friday. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85. The firm has a market capitalization of $98.66 billion, a PE ratio of 20.63, a PEG ratio of 3.06 and a beta of 0.44. The business’s 50 day moving average is $123.06 and its 200-day moving average is $119.87. 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 announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the business posted $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. Sell-side analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DUK shares. Scotiabank set a $137.00 target price on Duke Energy and gave the company a “sector outperform” rating in a report on Friday, October 3rd. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a report on Tuesday, July 1st. Barclays raised their target price on Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday. Finally, UBS Group raised their target price on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a report on Friday. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.08.

Insider Buying and Selling at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of the business’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 sale, the senior vice president owned 19,608 shares of the company’s stock, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of 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. 0.14% of the stock is 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.