Triad Wealth Partners LLC Has $258,000 Stock Holdings in Duke Energy Corporation $DUK

Triad Wealth Partners LLC reduced its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 9.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,190 shares of the utilities provider’s stock after selling 241 shares during the quarter. Triad Wealth Partners LLC’s holdings in Duke Energy were worth $258,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in Duke Energy by 11.6% during the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after buying an additional 700 shares in the last quarter. Lake Street Private Wealth LLC raised its holdings in Duke Energy by 8.0% during the first quarter. Lake Street Private Wealth LLC now owns 3,717 shares of the utilities provider’s stock worth $453,000 after acquiring an additional 275 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Duke Energy by 5.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,278 shares of the utilities provider’s stock valued at $278,000 after purchasing an additional 112 shares during the last quarter. Charles Schwab Trust Co grew its stake in Duke Energy by 6.7% in the first quarter. Charles Schwab Trust Co now owns 3,207 shares of the utilities provider’s stock valued at $391,000 after purchasing an additional 200 shares in the last quarter. Finally, Breakwater Capital Group increased its position in shares of Duke Energy by 30.2% during the 1st quarter. Breakwater Capital Group now owns 3,882 shares of the utilities provider’s stock worth $473,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 1.7%

Shares of DUK opened at $123.58 on Friday. The firm has a market cap of $96.10 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. 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 52 week low of $105.20 and a 52 week high of $127.85. The firm’s 50-day simple moving average is $122.58 and its 200 day simple moving average is $119.61.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The firm had revenue of $7.51 billion for 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 company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. 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 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 given a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Analysts Set New Price Targets

DUK has been the subject of several recent analyst reports. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a report on Tuesday, July 1st. 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 research note on Thursday, August 21st. BMO Capital Markets boosted their price objective on shares of Duke Energy from $131.00 to $132.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Scotiabank set a $137.00 target price on shares of Duke Energy and gave the company a “sector outperform” rating in a research note on Friday. Finally, Barclays lifted 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. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.25.

Insiders Place Their Bets

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the sale, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were 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 of the company’s stock, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

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.