Spire Wealth Management Sells 1,699 Shares of Duke Energy Corporation $DUK

Spire Wealth Management trimmed its holdings in Duke Energy Corporation (NYSE:DUK) by 23.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,468 shares of the utilities provider’s stock after selling 1,699 shares during the period. Spire Wealth Management’s holdings in Duke Energy were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of DUK. Activest Wealth Management raised its holdings in Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after buying an additional 105 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy during the first quarter worth $27,000. Wayfinding Financial LLC acquired a new stake in shares of Duke Energy during the first quarter worth $27,000. Mascoma Wealth Management LLC lifted its position 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 boosted 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 worth $31,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated 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 approximately $5,768,397.72. This represents a 12.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’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 sale, the senior vice president owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Trading Down 0.6%

Duke Energy stock opened at $124.49 on Friday. The stock has a 50-day simple moving average of $123.89 and a 200 day simple moving average of $120.74. The stock has a market capitalization of $96.81 billion, a P/E ratio of 20.24, a PEG ratio of 3.05 and a beta of 0.44. 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 $130.03.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The business had revenue of $7.51 billion for 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%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be issued a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s payout ratio is presently 69.27%.

Analyst Ratings Changes

Several equities research analysts have commented on DUK shares. Evercore ISI started coverage on Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 target price on the stock. Mizuho boosted their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Cowen initiated coverage on shares of Duke Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a report on Tuesday, October 28th. Finally, Jefferies Financial Group raised their price target on Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

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.