Olistico Wealth LLC Has $60,000 Position in Duke Energy Corporation $DUK

Olistico Wealth LLC lifted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 96.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 510 shares of the utilities provider’s stock after buying an additional 250 shares during the quarter. Olistico Wealth LLC’s holdings in Duke Energy were worth $60,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Toth Financial Advisory Corp grew its position in shares of 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 purchasing an additional 83 shares during the last quarter. Reyes Financial Architecture Inc. grew its holdings 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 buying an additional 83 shares in the last quarter. Revolve Wealth Partners LLC increased its position 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 worth $370,000 after buying an additional 84 shares during the period. Lokken Investment Group LLC lifted its holdings in shares of 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 in the last quarter. Finally, Sheets Smith Wealth Management boosted its position in shares of Duke Energy by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock valued at $3,356,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Up 1.7%

Shares of DUK stock opened at $123.58 on Friday. 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 fifty-two week low of $105.20 and a fifty-two week high of $127.85. The company has a market cap of $96.10 billion, a PE ratio of 20.09, a P/E/G ratio of 2.98 and a beta of 0.44. The stock’s fifty day moving average price is $122.58 and its two-hundred day moving average price is $119.62.

Duke Energy (NYSE:DUK) last released its earnings results 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 business had revenue of $7.51 billion during 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%. The business’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. Equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal 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 given a $1.065 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Insiders Place Their Bets

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction on 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. The trade was a 12.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the 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 completion of the transaction, the senior vice president owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This represents a 9.26% 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.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. UBS Group reissued a “neutral” rating and set a $127.00 price target (up previously from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Jefferies Financial Group cut Duke Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $141.00 to $134.00 in a report on Friday, September 26th. Finally, Morgan Stanley reduced their target price on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.25.

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.