apricus wealth LLC Buys 1,060 Shares of Duke Energy Corporation $DUK

apricus wealth LLC boosted its stake in Duke Energy Corporation (NYSE:DUK) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,711 shares of the utilities provider’s stock after acquiring an additional 1,060 shares during the period. apricus wealth LLC’s holdings in Duke Energy were worth $2,562,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of DUK. Reyes Financial Architecture Inc. lifted its stake in Duke Energy by 4.8% in the first 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 during the last quarter. Lokken Investment Group LLC lifted its position 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 valued at $321,000 after buying an additional 84 shares during the last quarter. Sheets Smith Wealth Management grew its stake 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 acquiring an additional 85 shares during the period. Private Wealth Asset Management LLC increased its holdings in Duke Energy by 6.4% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock worth $166,000 after acquiring an additional 85 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in Duke Energy by 3.7% in the 1st quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock valued at $298,000 after acquiring an additional 86 shares during the period. 65.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value 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 $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. UBS Group boosted their target price on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a report on Friday, October 10th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. Evercore ISI initiated coverage on Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective on the stock. Finally, Cowen started coverage on Duke Energy in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.77.

Duke Energy Trading Up 0.4%

Shares of DUK stock opened at $129.00 on Tuesday. The company has a market capitalization of $100.31 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 3.16 and a beta of 0.44. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $129.51. The business’s fifty day moving average is $123.41 and its 200 day moving average is $120.17. 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 (NYSE:DUK) last announced its 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 the consensus estimate 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 was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, November 14th. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

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.