Oak Grove Capital LLC Sells 13,400 Shares of Duke Energy Corporation $DUK

Oak Grove Capital LLC trimmed its position in shares of Duke Energy Corporation (NYSE:DUK) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,750 shares of the utilities provider’s stock after selling 13,400 shares during the period. Duke Energy accounts for 2.0% of Oak Grove Capital LLC’s portfolio, making the stock its 15th largest holding. Oak Grove Capital LLC’s holdings in Duke Energy were worth $14,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Duke Energy during the second quarter worth about $28,000. Access Investment Management LLC bought a new position in Duke Energy in the 2nd quarter worth approximately $31,000. Bare Financial Services Inc grew its holdings in Duke Energy by 211.1% during the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider’s stock valued at $35,000 after buying an additional 190 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Duke Energy during the third quarter valued at approximately $39,000. Finally, Anfield Capital Management LLC lifted its holdings in shares of Duke Energy by 2,608.3% in the second quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock worth $38,000 after buying an additional 313 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Duke Energy

In other news, SVP Regis T. Repko sold 962 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total transaction of $123,001.32. Following the completion of the sale, the senior vice president directly owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. The trade was a 19.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Louis E. Renjel sold 6,800 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the completion of the transaction, the chief executive officer owned 22,007 shares in the company, valued at approximately $2,809,633.69. The trade was a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

Duke Energy Stock Performance

Shares of NYSE:DUK opened at $131.76 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.33 and a debt-to-equity ratio of 1.54. Duke Energy Corporation has a 12 month low of $111.22 and a 12 month high of $132.20. The company has a market capitalization of $102.47 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.84 and a beta of 0.50. The firm’s 50-day moving average is $121.41 and its 200 day moving average is $122.11.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.01. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.57 billion. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. During the same quarter last year, the firm earned $1.66 earnings per share. Research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be paid a $1.065 dividend. The ex-dividend date is Friday, February 13th. This represents a $4.26 dividend on an annualized basis and a yield of 3.2%. Duke Energy’s dividend payout ratio (DPR) is presently 67.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DUK shares. Wells Fargo & Company decreased their target price on Duke Energy from $126.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating and issued a $136.00 target price on shares of Duke Energy in a report on Wednesday, February 11th. Morgan Stanley set a $139.00 price target on shares of Duke Energy in a research report on Friday, February 20th. Finally, Royal Bank Of Canada lowered their price objective on shares of Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, January 23rd. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.75.

Duke Energy Company Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.