RWA Wealth Partners LLC Sells 52,034 Shares of Duke Energy Corporation $DUK

RWA Wealth Partners LLC trimmed its position in shares of Duke Energy Corporation (NYSE:DUK) by 51.5% during the 2nd quarter, Holdings Channel reports. The fund owned 49,100 shares of the utilities provider’s stock after selling 52,034 shares during the period. RWA Wealth Partners LLC’s holdings in Duke Energy were worth $5,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after purchasing an additional 1,676,061 shares during the last quarter. GQG Partners LLC raised its position in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after buying an additional 10,192,503 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Duke Energy by 4.9% in the 1st quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after acquiring an additional 418,014 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Duke Energy by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after acquiring an additional 93,699 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Duke Energy by 1.9% during the first quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock worth $994,496,000 after acquiring an additional 152,542 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’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 in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the 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 transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on DUK. BMO Capital Markets raised their price objective on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Jefferies Financial Group raised their price target on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada upgraded shares of Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. 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, October 3rd. Finally, Cowen started coverage on shares of Duke Energy in a report on Wednesday, October 15th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Duke Energy Stock Performance

DUK stock opened at $123.64 on Friday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The firm has a market cap of $96.15 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 3.05 and a beta of 0.45. The business’s fifty day simple moving average is $123.97 and its two-hundred day simple moving average is $120.83. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.51 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. Analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s payout ratio is currently 69.27%.

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.