Apollon Wealth Management LLC Has $5.02 Million Position in Duke Energy Corporation $DUK

Apollon Wealth Management LLC reduced its holdings in Duke Energy Corporation (NYSE:DUK) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,541 shares of the utilities provider’s stock after selling 326 shares during the period. Apollon Wealth Management LLC’s holdings in Duke Energy were worth $5,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Reyes Financial Architecture Inc. increased its stake in Duke Energy by 4.8% in the 1st quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock valued at $223,000 after buying an additional 83 shares during the last quarter. Lokken Investment Group LLC increased its stake in Duke Energy by 3.3% in the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after buying an additional 84 shares during the last quarter. Sheets Smith Wealth Management increased its stake in Duke Energy by 0.3% in the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock valued at $3,356,000 after buying an additional 85 shares during the last quarter. Grandview Asset Management LLC increased its stake in shares of Duke Energy by 0.6% during the 1st quarter. Grandview Asset Management LLC now owns 14,135 shares of the utilities provider’s stock worth $1,724,000 after purchasing an additional 86 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in shares of Duke Energy by 3.7% during the 1st quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 86 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 of the company’s stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $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 Stock Performance

NYSE DUK opened at $126.88 on Friday. 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 company has a market capitalization of $98.66 billion, a P/E ratio of 20.63, a P/E/G ratio of 3.06 and a beta of 0.44. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $127.85. The firm has a 50-day moving average price of $123.06 and a two-hundred day moving average price of $119.87.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

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

Analysts Set New Price Targets

DUK has been the topic of several recent analyst reports. Barclays boosted their price objective 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. Jefferies Financial Group lowered shares of Duke Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $141.00 to $134.00 in a research note on Friday, September 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday. Morgan Stanley lowered their price objective on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the stock a “sector outperform” rating in a research note on Friday, October 3rd. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.08.

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.