Focused Wealth Management Inc Has $219,000 Stock Holdings in Duke Energy Corporation $DUK

Focused Wealth Management Inc trimmed its stake in shares of Duke Energy Corporation (NYSE:DUK) by 33.2% in the second quarter, HoldingsChannel reports. The firm owned 1,854 shares of the utilities provider’s stock after selling 920 shares during the quarter. Focused Wealth Management Inc’s holdings in Duke Energy were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Revisor Wealth Management LLC lifted its stake in shares of Duke Energy by 93.8% during the 2nd quarter. Revisor Wealth Management LLC now owns 7,161 shares of the utilities provider’s stock worth $846,000 after buying an additional 3,466 shares during the last quarter. Bfsg LLC raised its holdings in Duke Energy by 4.9% in the 2nd quarter. Bfsg LLC now owns 12,154 shares of the utilities provider’s stock valued at $1,434,000 after acquiring an additional 565 shares during the period. Occidental Asset Management LLC boosted its holdings in shares of Duke Energy by 0.7% during the second quarter. Occidental Asset Management LLC now owns 39,931 shares of the utilities provider’s stock worth $4,712,000 after acquiring an additional 291 shares during the period. CHICAGO TRUST Co NA grew its position in shares of Duke Energy by 69.6% in the second quarter. CHICAGO TRUST Co NA now owns 10,221 shares of the utilities provider’s stock valued at $1,206,000 after purchasing an additional 4,193 shares during the last quarter. Finally, Opal Wealth Advisors LLC increased its stake in shares of Duke Energy by 28.3% during the second quarter. Opal Wealth Advisors LLC now owns 3,308 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 730 shares during the period. 65.31% of the stock is owned by institutional investors.

Insider Transactions at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the sale, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was 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 of the company’s stock, valued at $5,768,397.72. This trade 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 Stock Up 0.5%

NYSE:DUK opened at $121.71 on Tuesday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $127.85. 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 $94.65 billion, a PE ratio of 19.79, a P/E/G ratio of 2.92 and a beta of 0.39. The firm’s 50 day simple moving average is $121.87 and its 200 day simple moving average is $119.38.

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

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is presently 69.27%.

Analyst Ratings Changes

Several analysts recently issued reports on DUK shares. Morgan Stanley restated an “outperform” rating on shares of Duke Energy in a research note on Thursday, August 21st. Barclays boosted their target price on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Scotiabank raised their price target on shares of Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 6th. 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 report on Friday, July 11th. Finally, JPMorgan Chase & Co. increased 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. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.62.

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.