Triad Wealth Partners LLC Sells 241 Shares of Duke Energy Corporation $DUK

Triad Wealth Partners LLC decreased its position in shares of Duke Energy Corporation (NYSE:DUK) by 9.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,190 shares of the utilities provider’s stock after selling 241 shares during the quarter. Triad Wealth Partners LLC’s holdings in Duke Energy were worth $258,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp boosted its position in shares of Duke Energy by 31.6% during the 1st quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 83 shares in the last quarter. Reyes Financial Architecture Inc. boosted its holdings in shares of 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 purchasing an additional 83 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Duke Energy by 2.8% in the 1st quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider’s stock valued at $370,000 after purchasing an additional 84 shares during the last quarter. Lokken Investment Group LLC raised its holdings in shares of Duke Energy by 3.3% during the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock worth $321,000 after buying an additional 84 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its position in shares of Duke Energy by 0.3% during the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock worth $3,356,000 after buying an additional 85 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’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 transaction, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the sale, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DUK has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research note on Saturday, September 27th. Morgan Stanley lowered their price objective on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Barclays raised their target price on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. BMO Capital Markets upped their price target on shares of Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Finally, UBS Group reissued a “neutral” rating and set a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $132.25.

Duke Energy Price Performance

DUK stock opened at $123.58 on Friday. The company has a market capitalization of $96.10 billion, a P/E ratio of 20.09, a PEG ratio of 2.93 and a beta of 0.44. The company has a fifty day moving average price of $122.58 and a 200-day moving average price of $119.61. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85.

Duke Energy (NYSE:DUK) last announced its 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). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the business earned $1.18 earnings per share. The firm’s revenue for the quarter 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, equities analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a dividend of $1.065 per share. 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 a boost from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s payout ratio is currently 69.27%.

Duke Energy Company 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.