Drucker Wealth 3.0 LLC Sells 10,496 Shares of Duke Energy Corporation $DUK

Drucker Wealth 3.0 LLC lowered its stake in shares of Duke Energy Corporation (NYSE:DUK) by 43.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,584 shares of the utilities provider’s stock after selling 10,496 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Duke Energy were worth $1,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Beirne Wealth Consulting Services LLC raised its position in shares of Duke Energy by 16.3% in the 3rd quarter. Beirne Wealth Consulting Services LLC now owns 2,953 shares of the utilities provider’s stock valued at $366,000 after acquiring an additional 414 shares during the period. Crestwood Advisors Group LLC raised its holdings in Duke Energy by 40.9% in the third quarter. Crestwood Advisors Group LLC now owns 9,028 shares of the utilities provider’s stock worth $1,117,000 after purchasing an additional 2,622 shares during the period. NEOS Investment Management LLC boosted its position in shares of Duke Energy by 44.9% during the third quarter. NEOS Investment Management LLC now owns 103,402 shares of the utilities provider’s stock worth $12,796,000 after purchasing an additional 32,059 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Duke Energy by 1.3% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 16,011 shares of the utilities provider’s stock valued at $1,981,000 after buying an additional 201 shares during the period. Finally, Merit Financial Group LLC increased its position in shares of Duke Energy by 1.7% in the 3rd quarter. Merit Financial Group LLC now owns 51,662 shares of the utilities provider’s stock valued at $6,393,000 after buying an additional 861 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

Shares of DUK stock opened at $126.75 on Wednesday. Duke Energy Corporation has a 12 month low of $110.51 and a 12 month high of $130.03. The company’s fifty day simple moving average is $119.16 and its 200-day simple moving average is $121.90. The firm has a market cap of $98.57 billion, a PE ratio of 20.06, a P/E/G ratio of 2.78 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same period in the previous year, the business earned $1.66 EPS. Duke Energy has set its FY 2026 guidance at 6.550-6.800 EPS. Equities research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, February 13th. Duke Energy’s dividend payout ratio is presently 67.41%.

Insider Buying and Selling

In other Duke Energy news, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the transaction, the chief executive officer owned 22,007 shares of the company’s stock, valued at $2,809,633.69. The trade was a 23.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BMO Capital Markets reiterated an “outperform” rating and set a $136.00 target price on shares of Duke Energy in a report on Wednesday, February 11th. Morgan Stanley reiterated an “underperform” rating and set a $130.00 price objective on shares of Duke Energy in a report on Wednesday, January 21st. UBS Group lowered their target price on Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Barclays cut their price target on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Finally, Mizuho set a $130.00 price target on shares of Duke Energy in a report on Tuesday, February 10th. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $135.19.

Duke Energy Company Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.