Liberty Wealth Management LLC Sells 97 Shares of Duke Energy Corporation $DUK

Liberty Wealth Management LLC lessened its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,836 shares of the utilities provider’s stock after selling 97 shares during the quarter. Liberty Wealth Management LLC’s holdings in Duke Energy were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DUK. Activest Wealth Management lifted its position in Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after buying an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Duke Energy in the 1st quarter worth approximately $27,000. Wayfinding Financial LLC bought a new stake in shares of Duke Energy in the 1st quarter worth approximately $27,000. Mascoma Wealth Management LLC lifted its holdings in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its holdings in shares of Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 198 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 0.1%

Shares of NYSE DUK opened at $127.48 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03. The firm has a market capitalization of $99.13 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 3.13 and a beta of 0.44. The firm has a fifty day simple moving average of $123.83 and a two-hundred day simple moving average of $120.58.

Duke Energy (NYSE:DUK) last released its quarterly 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). 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 in the previous year, the company earned $1.18 earnings per share. Duke Energy’s quarterly revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays boosted their price objective on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Jefferies Financial Group upped their price target on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Cowen began coverage on shares of Duke Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. Morgan Stanley upped their price objective on shares of Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company began coverage on shares of Duke Energy in a research note on Monday. They set an “overweight” rating and a $126.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

Insider Activity at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the 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 transaction, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares of the company’s stock, 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. 0.14% of the stock is currently owned by corporate 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.