Sage Mountain Advisors LLC Sells 196 Shares of Duke Energy Corporation $DUK

Sage Mountain Advisors LLC decreased its holdings 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 & Exchange Commission. The fund owned 3,648 shares of the utilities provider’s stock after selling 196 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Duke Energy were worth $430,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Pinnacle Financial Partners Inc increased its stake in shares of Duke Energy by 9.9% in the first quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock valued at $14,451,000 after buying an additional 11,445 shares during the period. Beacon Investment Advisory Services Inc. boosted its holdings in Duke Energy by 8.1% in the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock valued at $6,264,000 after acquiring an additional 3,837 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Duke Energy by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after purchasing an additional 93,699 shares during the period. Resolution Capital Ltd raised its holdings in Duke Energy by 7.6% during the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock worth $7,318,000 after purchasing an additional 4,255 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Duke Energy by 2.2% in the 1st quarter. D.A. Davidson & CO. now owns 234,464 shares of the utilities provider’s stock worth $28,598,000 after purchasing an additional 4,948 shares during the period. 65.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the transaction, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the sale, the senior vice president directly owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DUK. TD Cowen initiated coverage on shares of Duke Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $143.00 price objective for the company. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. Cowen assumed coverage on Duke Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised their target price on Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Finally, BTIG Research upgraded Duke Energy to a “strong-buy” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $138.36.

Duke Energy Stock Performance

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

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) 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 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 EPS. 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. On average, equities research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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

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.