Signal Advisors Wealth LLC Has $1.99 Million Stock Holdings in Duke Energy Corporation $DUK

Signal Advisors Wealth LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 390.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 15,186 shares of the utilities provider’s stock after buying an additional 12,092 shares during the period. Signal Advisors Wealth LLC’s holdings in Duke Energy were worth $1,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 700 shares in the last quarter. Empowered Funds LLC grew its holdings in Duke Energy by 19.6% during the first quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock valued at $2,825,000 after purchasing an additional 3,797 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Duke Energy by 1.0% in the second quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock worth $3,686,000 after buying an additional 315 shares during the last quarter. AXA S.A. boosted its holdings in shares of Duke Energy by 523.4% during the 2nd quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock worth $4,983,000 after buying an additional 35,458 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in Duke Energy in the 2nd quarter valued at $954,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.2%

DUK opened at $123.57 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. The firm’s fifty day moving average price is $125.24 and its two-hundred day moving average price is $124.11. Duke Energy Corporation has a fifty-two week low of $113.89 and a fifty-two week high of $134.49. The company has a market capitalization of $96.33 billion, a P/E ratio of 18.92 and a beta of 0.39.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm had revenue of $9.18 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the prior year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Duke Energy Corporation will post 6.71 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Friday, May 15th were given a dividend of $1.065 per share. The ex-dividend date was Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. Duke Energy’s dividend payout ratio is 65.24%.

Insiders Place Their Bets

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the transaction, the chief executive officer directly owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Louis E. Renjel sold 3,500 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $125.15, for a total transaction of $438,025.00. Following the sale, the chief executive officer directly owned 21,415 shares in the company, valued at $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of Duke Energy from $143.00 to $134.00 and set an “overweight” rating for the company in a report on Thursday. Truist Financial lowered their target price on Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a report on Monday, May 4th. Mizuho lowered their price objective on shares of Duke Energy from $139.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Finally, Evercore upped their target price on shares of Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $138.07.

About Duke Energy

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.