Drucker Wealth 3.0 LLC Cuts Stock Position in Duke Energy Corporation $DUK

Drucker Wealth 3.0 LLC lessened its stake in shares of Duke Energy Corporation (NYSE:DUK) by 22.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,080 shares of the utilities provider’s stock after selling 6,891 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Duke Energy were worth $2,821,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management boosted its holdings 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 valued at $26,000 after purchasing an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy during the 1st quarter valued at about $27,000. Wayfinding Financial LLC bought a new position in shares of Duke Energy during the 1st quarter valued at about $27,000. Mascoma Wealth Management LLC boosted its holdings 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 valued at $29,000 after purchasing an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its holdings 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 valued at $31,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DUK shares. JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday. Barclays increased their price target on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a report on Tuesday, July 1st. Finally, Morgan Stanley lowered their price target 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 investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company 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 firm’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 transaction, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. This trade represents a 9.26% 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.

Duke Energy Stock Up 1.7%

Shares of NYSE DUK opened at $126.88 on Friday. 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 company has a market cap of $98.66 billion, a P/E ratio of 20.63, a PEG ratio of 3.01 and a beta of 0.44. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85. The firm has a 50-day simple moving average of $123.06 and a two-hundred day simple moving average of $119.85.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The firm had revenue of $7.51 billion during 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 firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a $1.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s payout ratio is 69.27%.

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.