Wolff Wiese Magana LLC Sells 137 Shares of Duke Energy Corporation $DUK

Wolff Wiese Magana LLC reduced its stake in shares of Duke Energy Corporation (NYSE:DUK) by 0.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 16,998 shares of the utilities provider’s stock after selling 137 shares during the period. Duke Energy comprises approximately 1.2% of Wolff Wiese Magana LLC’s portfolio, making the stock its 25th biggest position. Wolff Wiese Magana LLC’s holdings in Duke Energy were worth $2,006,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DUK. Cambridge Investment Research Advisors Inc. lifted its stake 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 valued at $35,575,000 after acquiring an additional 20,942 shares in the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of Duke Energy by 9.9% during the first quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock valued at $14,451,000 after purchasing an additional 11,445 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its position in shares of Duke Energy by 8.1% during the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock valued at $6,264,000 after purchasing an additional 3,837 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Duke Energy by 1.1% during the first 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 during the last quarter. Finally, Resolution Capital Ltd grew its position in Duke Energy by 7.6% in 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. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DUK. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $127.00 to $131.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research report on Tuesday, July 1st. 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 research report on Friday, July 11th. Jefferies Financial Group downgraded Duke Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $141.00 to $134.00 in a research note on Friday. Finally, Barclays lifted their target price on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.00.

Duke Energy Stock Performance

NYSE:DUK opened at $122.99 on Monday. The company has a market capitalization of $95.64 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.97 and a beta of 0.39. The business has a fifty day simple moving average of $122.29 and a two-hundred day simple moving average of $119.52. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results 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). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company posted $1.18 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were paid a $1.065 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. Duke Energy’s dividend payout ratio is 69.27%.

Insider Activity at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company’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 transaction of $248,760.00. Following the sale, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy 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 $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Duke Energy Company 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.