Forvis Mazars Wealth Advisors LLC Decreases Stake in Duke Energy Corporation $DUK

Forvis Mazars Wealth Advisors LLC reduced its stake in Duke Energy Corporation (NYSE:DUK) by 1.0% during the second quarter, Holdings Channel.com reports. The firm owned 19,136 shares of the utilities provider’s stock after selling 189 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Duke Energy were worth $2,258,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DUK. Activest Wealth Management increased its stake in shares of 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 buying an additional 105 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Duke Energy during the first quarter valued at approximately $27,000. Wayfinding Financial LLC purchased a new position in shares of Duke Energy during the first quarter valued at approximately $27,000. Mascoma Wealth Management LLC increased its stake in shares of Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after buying an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of 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 buying an additional 198 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DUK has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Cowen initiated coverage on Duke Energy in a research note on Wednesday. They set a “buy” rating on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday, October 8th. Morgan Stanley lowered their price objective on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, Evercore ISI began coverage on shares of Duke Energy in a report on Monday, October 6th. They set an “outperform” rating and a $143.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.77.

Duke Energy Stock Up 0.9%

Shares of Duke Energy stock opened at $128.55 on Monday. 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 50-day moving average of $123.34 and a 200 day moving average of $120.10. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $129.51. The firm has a market cap of $99.96 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 3.16 and a beta of 0.44.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the firm posted $1.18 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s payout ratio is 69.27%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the business’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 sale, the senior vice president directly owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was 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 directly 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 disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

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.