Blake Schutter Theil Wealth Advisors LLC Has $742,000 Stock Holdings in Duke Energy Corporation $DUK

Blake Schutter Theil Wealth Advisors LLC cut its holdings in Duke Energy Corporation (NYSE:DUK) by 32.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,292 shares of the utilities provider’s stock after selling 3,033 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in Duke Energy were worth $742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DUK. Activest Wealth Management grew its position in shares of Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 105 shares during the period. Wayfinding Financial LLC bought a new stake in Duke Energy in the 1st quarter valued at approximately $27,000. N.E.W. Advisory Services LLC bought a new stake in Duke Energy in the 1st quarter valued at approximately $27,000. Mascoma Wealth Management LLC lifted its stake in Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its stake in Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 198 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $127.41 on Friday. The firm has a market cap of $99.07 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 3.13 and a beta of 0.44. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The stock’s fifty day moving average price is $123.71 and its two-hundred day moving average price is $120.47.

Duke Energy (NYSE:DUK) last released 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 business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, equities analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

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

Analysts Set New Price Targets

DUK has been the topic of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a research note on Friday. Scotiabank set a $137.00 price objective on Duke Energy and gave the stock a “sector outperform” rating in a research note on Friday, October 3rd. BMO Capital Markets upped their price objective on Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Cowen assumed coverage on Duke Energy in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, BTIG Research upgraded Duke Energy to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.36.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Company 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.