Wagner Wealth Management LLC Has $1.83 Million Stake in Duke Energy Corporation $DUK

Wagner Wealth Management LLC boosted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,531 shares of the utilities provider’s stock after acquiring an additional 546 shares during the quarter. Wagner Wealth Management LLC’s holdings in Duke Energy were worth $1,833,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Activest Wealth Management raised 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 worth $26,000 after buying an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Duke Energy during the 1st quarter valued at about $27,000. Wayfinding Financial LLC bought a new stake in shares of Duke Energy in the 1st quarter worth approximately $27,000. Financial Network Wealth Advisors LLC lifted its holdings 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 valued at $31,000 after buying an additional 198 shares during the period. Finally, American National Bank & Trust purchased a new stake in Duke Energy in the 1st quarter worth $36,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

Shares of DUK stock opened at $122.99 on Friday. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The firm has a market cap of $95.64 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 2.97 and a beta of 0.39. The stock has a 50-day moving average price of $122.29 and a 200 day moving average price of $119.52.

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). The business 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 company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.5%. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, August 15th. Duke Energy’s payout ratio is presently 69.27%.

Wall Street Analysts Forecast Growth

DUK has been the topic of several analyst reports. Scotiabank lifted their price target on shares of Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 6th. Barclays increased their price target on shares of Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Raymond James Financial initiated coverage on shares of Duke Energy in a research note on Friday, June 13th. They issued a “market perform” rating for the company. UBS Group reissued a “neutral” rating and issued a $127.00 target price (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Finally, Jefferies Financial Group lowered shares of Duke Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $141.00 to $134.00 in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

Insider Activity at Duke Energy

In related 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 transaction of $248,760.00. Following the completion of the sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

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.