Keudell Morrison Wealth Management Has $797,000 Position in Duke Energy Corporation $DUK

Keudell Morrison Wealth Management trimmed its stake in Duke Energy Corporation (NYSE:DUK) by 9.1% in the second quarter, HoldingsChannel reports. The firm owned 6,758 shares of the utilities provider’s stock after selling 673 shares during the period. Keudell Morrison Wealth Management’s holdings in Duke Energy were worth $797,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Toth Financial Advisory Corp grew its stake in Duke Energy by 31.6% in the first quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 83 shares during the period. Reyes Financial Architecture Inc. grew its position in Duke Energy by 4.8% in the 1st quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock valued at $223,000 after purchasing an additional 83 shares during the period. Revolve Wealth Partners LLC increased its stake in Duke Energy by 2.8% during the 1st quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider’s stock valued at $370,000 after purchasing an additional 84 shares in the last quarter. Lokken Investment Group LLC raised its holdings in Duke Energy by 3.3% during the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock worth $321,000 after buying an additional 84 shares during the last quarter. Finally, Sheets Smith Wealth Management raised its holdings in Duke Energy by 0.3% during the first quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock worth $3,356,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DUK shares. JPMorgan Chase & Co. boosted 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. Barclays boosted their price objective on Duke Energy from $122.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Jefferies Financial Group lowered Duke Energy from a “buy” rating to a “hold” rating and dropped their target price for the company from $141.00 to $134.00 in a report on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research report on Saturday, September 27th. Finally, BMO Capital Markets increased their price target on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.25.

Insider Activity at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction on 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 directly owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the sale, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% 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 $123.58 on Friday. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85. The company has a market capitalization of $96.10 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.98 and a beta of 0.44. The business has a fifty day moving average price of $122.58 and a two-hundred day moving average price of $119.62. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 9.85% and a net margin of 15.51%.The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Analysts forecast 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. Stockholders of record on Friday, August 15th were given a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s payout ratio is currently 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.