Moss Adams Wealth Advisors LLC Raises Stock Holdings in Duke Energy Corporation $DUK

Moss Adams Wealth Advisors LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 5.3% in the second quarter, HoldingsChannel.com reports. The fund owned 3,011 shares of the utilities provider’s stock after acquiring an additional 152 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Duke Energy were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Activest Wealth Management grew its holdings in Duke Energy by 98.1% during the first 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 period. Wayfinding Financial LLC bought a new position in Duke Energy during the first quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new position in Duke Energy during the first quarter valued at $27,000. Financial Network Wealth Advisors LLC grew its holdings in Duke Energy by 360.0% during the first 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 period. Finally, American National Bank & Trust bought a new position in Duke Energy during the first quarter valued at $36,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Duke Energy

In other Duke Energy news, 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 transaction of $832,542.00. Following the sale, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the sale, the senior vice president owned 19,608 shares in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $122.71 on Tuesday. The firm has a market capitalization of $95.42 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.97 and a beta of 0.39. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The stock has a fifty day moving average of $122.35 and a 200 day moving average of $119.54. 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 (NYSE:DUK) last posted 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 business had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

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

Analyst Ratings Changes

DUK has been the subject of several research reports. Jefferies Financial Group lowered 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 report on Friday. Scotiabank raised their price target on Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 6th. BMO Capital Markets raised their price target on Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Raymond James Financial initiated coverage on Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating for the company. Finally, Barclays raised their price target on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.50.

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.