Total Clarity Wealth Management Inc. Invests $270,000 in Duke Energy Corporation $DUK

Total Clarity Wealth Management Inc. purchased a new position in shares of Duke Energy Corporation (NYSE:DUK) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,291 shares of the utilities provider’s stock, valued at approximately $270,000.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management grew its position in shares of 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. Wayfinding Financial LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth approximately $27,000. Mascoma Wealth Management LLC grew its position in shares of Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after buying an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its position in shares of Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of DUK opened at $126.11 on Tuesday. 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 twelve month low of $105.20 and a twelve month high of $127.85. The firm’s 50 day moving average price is $123.10 and its two-hundred day moving average price is $119.93. The firm has a market cap of $98.06 billion, a P/E ratio of 20.50, a PEG ratio of 3.06 and a beta of 0.44.

Duke Energy (NYSE:DUK) last announced its quarterly 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). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the firm posted $1.18 EPS. The business’s quarterly 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 forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DUK shares. Jefferies Financial Group cut shares of Duke Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from $141.00 to $134.00 in a report on Friday, September 26th. Evercore ISI started coverage on shares of Duke Energy in a report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a report on Friday. Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the company a “sector outperform” rating in a report on Friday, October 3rd. Finally, Morgan Stanley decreased their price objective on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.08.

Insider Buying and Selling

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the sale, the executive vice president owned 46,422 shares of the company’s stock, valued at $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction 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 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 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.