SpringVest Wealth Management LLC Has $317,000 Stock Holdings in Duke Energy Corporation $DUK

SpringVest Wealth Management LLC lessened its holdings in Duke Energy Corporation (NYSE:DUK) by 7.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,689 shares of the utilities provider’s stock after selling 225 shares during the quarter. SpringVest Wealth Management LLC’s holdings in Duke Energy were worth $317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DUK. Activest Wealth Management boosted its position in 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 purchasing an additional 105 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Duke Energy during the first quarter valued at $27,000. N.E.W. Advisory Services LLC acquired a new stake in Duke Energy during the first quarter valued at $27,000. Mascoma Wealth Management LLC boosted its position in 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 purchasing an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its position in 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 purchasing an additional 198 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, the senior vice president 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction dated 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 in the company, valued at $5,768,397.72. This represents 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 insiders.

Duke Energy Price Performance

NYSE DUK opened at $125.30 on Thursday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The stock has a market capitalization of $97.44 billion, a PE ratio of 20.37, a P/E/G ratio of 3.03 and a beta of 0.44. The stock has a 50-day simple moving average of $122.93 and a 200 day simple moving average of $119.73.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share 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 business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the firm posted $1.18 EPS. Duke Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were given a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. This is a boost from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s payout ratio is presently 69.27%.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of research reports. Scotiabank set a $137.00 price objective on Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday. Jefferies Financial Group cut Duke Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $141.00 to $134.00 in a research report on Friday, September 26th. JPMorgan Chase & Co. raised their target price on Duke Energy from $127.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Finally, UBS Group restated a “neutral” rating and set a $127.00 target price (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $133.08.

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.