Accel Wealth Management Increases Stock Holdings in Duke Energy Corporation $DUK

Accel Wealth Management boosted its position in shares of Duke Energy Corporation (NYSE:DUK) by 15.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,242 shares of the utilities provider’s stock after acquiring an additional 445 shares during the quarter. Accel Wealth Management’s holdings in Duke Energy were worth $383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in Duke Energy by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider’s stock worth $35,575,000 after acquiring an additional 20,942 shares during the period. Pinnacle Financial Partners Inc lifted its position in Duke Energy by 9.9% during the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock worth $14,451,000 after acquiring an additional 11,445 shares during the period. Beacon Investment Advisory Services Inc. lifted its holdings in shares of Duke Energy by 8.1% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock valued at $6,264,000 after buying an additional 3,837 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Duke Energy by 1.1% in the 1st 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 during the period. Finally, Resolution Capital Ltd lifted its holdings in shares of Duke Energy by 7.6% in the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock valued at $7,318,000 after buying an additional 4,255 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction that occurred 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 directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $832,542.00. Following the sale, the executive vice president 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 ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Duke Energy Stock Performance

NYSE DUK opened at $123.58 on Friday. The stock has a market capitalization of $96.10 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.98 and a beta of 0.44. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The stock has a 50-day moving average of $122.58 and a 200 day moving average of $119.62.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share 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 analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business’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 company posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a report on Tuesday, July 1st. Scotiabank set a $137.00 price objective on Duke Energy and gave the company a “sector outperform” rating in a report on Friday. UBS Group reissued a “neutral” rating and issued a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Jefferies Financial Group cut Duke Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from $141.00 to $134.00 in a report on Friday, September 26th. Finally, BMO Capital Markets upped their price target on Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $132.25.

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.