Cyndeo Wealth Partners LLC Grows Stake in Duke Energy Corporation $DUK

Cyndeo Wealth Partners LLC increased its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,534 shares of the utilities provider’s stock after purchasing an additional 424 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Duke Energy were worth $653,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Commerzbank Aktiengesellschaft FI grew its position in shares of Duke Energy by 10.0% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 70,637 shares of the utilities provider’s stock worth $8,335,000 after purchasing an additional 6,415 shares in the last quarter. Stiles Financial Services Inc grew its position in shares of Duke Energy by 3.5% during the second quarter. Stiles Financial Services Inc now owns 23,463 shares of the utilities provider’s stock worth $2,769,000 after purchasing an additional 797 shares in the last quarter. IFP Advisors Inc grew its position in shares of Duke Energy by 2.3% during the second quarter. IFP Advisors Inc now owns 23,662 shares of the utilities provider’s stock worth $2,917,000 after purchasing an additional 531 shares in the last quarter. Callan Family Office LLC grew its holdings in Duke Energy by 110.0% during the 2nd quarter. Callan Family Office LLC now owns 17,216 shares of the utilities provider’s stock valued at $2,032,000 after buying an additional 9,017 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in Duke Energy by 2.5% during the 2nd quarter. Blair William & Co. IL now owns 93,445 shares of the utilities provider’s stock valued at $11,027,000 after buying an additional 2,257 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 19,608 shares of the company’s stock, valued at $2,438,843.04. This represents a 9.26% 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 company insiders.

Duke Energy Price Performance

NYSE:DUK opened at $126.88 on Friday. The firm has a market capitalization of $98.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 3.01 and a beta of 0.44. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $127.85. The business has a 50 day simple moving average of $123.06 and a 200-day simple moving average of $119.85. 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 posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on DUK. Morgan Stanley cut their price target on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. Evercore ISI began coverage on Duke Energy in a report on Monday. They set an “outperform” rating and a $143.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday. Finally, BMO Capital Markets raised their price target on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a report on Friday. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.08.

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.