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

RWA Wealth Partners LLC trimmed its stake in shares of Duke Energy Corporation (NYSE:DUK) by 51.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Reyes Financial Architecture Inc. lifted its holdings in shares of Duke Energy by 4.8% during 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 during the period. Lokken Investment Group LLC increased its position in Duke Energy by 3.3% during the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 84 shares during the last quarter. Private Wealth Asset Management LLC lifted its holdings in Duke Energy by 6.4% in the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock valued at $166,000 after acquiring an additional 85 shares during the period. Souders Financial Advisors lifted its holdings in Duke Energy by 0.7% in the first quarter. Souders Financial Advisors now owns 12,443 shares of the utilities provider’s stock valued at $1,518,000 after acquiring an additional 86 shares during the period. Finally, Orca Wealth Management LLC grew its stake in shares of Duke Energy by 0.7% during the 1st quarter. Orca Wealth Management LLC now owns 12,620 shares of the utilities provider’s stock valued at $1,539,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the topic of several recent research reports. Barclays increased their price objective on shares of Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. Mizuho lifted their price target on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Scotiabank set a $137.00 price objective on Duke Energy and gave the stock a “sector outperform” rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their target price on Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Insider Buying and Selling

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $248,760.00. Following the transaction, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by insiders.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $123.64 on Friday. The stock has a market cap of $96.15 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 3.05 and a beta of 0.45. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03. The firm has a fifty day moving average price of $123.97 and a 200-day moving average price of $120.83. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

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

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors 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 yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Duke Energy 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.