OneAscent Wealth Management LLC Has $242,000 Holdings in Duke Energy Corporation $DUK

OneAscent Wealth Management LLC lowered its position in Duke Energy Corporation (NYSE:DUK) by 26.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,051 shares of the utilities provider’s stock after selling 746 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Duke Energy were worth $242,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Simon Quick Advisors LLC grew its position in Duke Energy by 42.2% during the second quarter. Simon Quick Advisors LLC now owns 7,444 shares of the utilities provider’s stock worth $878,000 after buying an additional 2,210 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in 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 acquiring an additional 3,837 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Duke Energy by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after purchasing an additional 93,699 shares in the last quarter. Resolution Capital Ltd grew its holdings in shares of Duke Energy by 7.6% during the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock worth $7,318,000 after purchasing an additional 4,255 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Duke Energy by 88.1% in the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after purchasing an additional 2,276,948 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Trading Down 0.3%

NYSE:DUK opened at $123.64 on Friday. The company has a market cap of $96.15 billion, a P/E ratio of 20.10, a P/E/G ratio of 3.05 and a beta of 0.45. Duke Energy Corporation has a 1 year low of $105.20 and a 1 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 $123.97 and its two-hundred day moving average price is $120.84.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same period in the previous year, the company posted $1.62 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company 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 $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Wall Street Analysts Forecast Growth

DUK has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Evercore ISI began coverage on shares of Duke Energy in a report on Monday, October 6th. They set an “outperform” rating and a $143.00 price target for the company. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the stock a “sector outperform” rating in a research report on Friday, October 3rd. Jefferies Financial Group boosted their price objective on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Finally, Cowen began coverage on Duke Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. One research 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

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 that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the 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 owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by insiders.

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.