Wagner Wealth Management LLC Purchases 546 Shares of Duke Energy Corporation $DUK

Wagner Wealth Management LLC raised its stake in shares of Duke Energy Corporation (NYSE:DUK) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,531 shares of the utilities provider’s stock after buying 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in DUK. Andrew Hill Investment Advisors Inc. lifted its holdings in shares of Duke Energy by 338.6% during the first quarter. Andrew Hill Investment Advisors Inc. now owns 37,763 shares of the utilities provider’s stock worth $4,606,000 after purchasing an additional 29,153 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Duke Energy by 7.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider’s stock worth $35,575,000 after purchasing an additional 20,942 shares during the last quarter. Pinnacle Financial Partners Inc grew its position in shares of Duke Energy by 9.9% in the first quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock valued at $14,451,000 after purchasing an additional 11,445 shares during the period. Beacon Investment Advisory Services Inc. lifted its stake in shares of Duke Energy by 8.1% during the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock worth $6,264,000 after purchasing an additional 3,837 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Duke Energy by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after buying an additional 93,699 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on DUK. Morgan Stanley decreased their target price on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research report on Thursday. 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. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Finally, Scotiabank increased their price objective on shares of Duke Energy from $120.00 to $128.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 6th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $131.00.

Duke Energy Price Performance

NYSE:DUK opened at $122.99 on Friday. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The firm has a market cap of $95.64 billion, a P/E ratio of 20.00, a PEG ratio of 2.97 and a beta of 0.39. 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 business’s 50-day moving average price is $122.29 and its 200 day moving average price is $119.52.

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

Duke Energy Increases Dividend

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

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction 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 sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’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 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. Corporate insiders own 0.14% of the company’s stock.

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.