Acorn Financial Advisory Services Inc. ADV Sells 695 Shares of Duke Energy Corporation $DUK

Acorn Financial Advisory Services Inc. ADV decreased its position in Duke Energy Corporation (NYSE:DUK) by 18.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,040 shares of the utilities provider’s stock after selling 695 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in Duke Energy were worth $359,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management raised its stake 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 worth $26,000 after purchasing an additional 105 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Duke Energy during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy during the 1st quarter worth approximately $27,000. Mascoma Wealth Management LLC raised its stake 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 worth $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.7%

DUK opened at $126.11 on Tuesday. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85. The stock’s fifty day simple moving average is $123.10 and its 200 day simple moving average is $119.93. 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 stock has a market cap of $98.06 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 3.06 and a beta of 0.44.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share 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 business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last 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. As a group, research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Insiders Place Their Bets

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’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 $2,438,843.04. This represents a 9.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 value of $832,542.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of analyst reports. Evercore ISI initiated coverage on Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective on the stock. BMO Capital Markets upped their price objective on Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research note on Tuesday, July 1st. Scotiabank set a $137.00 price objective on Duke Energy and gave the stock a “sector outperform” rating in a research note on Friday, October 3rd. Finally, Jefferies Financial Group cut Duke Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $141.00 to $134.00 in a research note on Friday, September 26th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.08.

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.