Apollon Wealth Management LLC Has $5.02 Million Stock Holdings in Duke Energy Corporation $DUK

Apollon Wealth Management LLC trimmed its stake in shares of Duke Energy Corporation (NYSE:DUK) by 0.8% in the second quarter, Holdings Channel.com reports. The firm owned 42,541 shares of the utilities provider’s stock after selling 326 shares during the quarter. Apollon Wealth Management LLC’s holdings in Duke Energy were worth $5,020,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its position in Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Duke Energy during the 1st quarter worth approximately $27,000. Wayfinding Financial LLC acquired a new position in Duke Energy during the 1st quarter worth approximately $27,000. Mascoma Wealth Management LLC increased its position in Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC increased its position in Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DUK. Evercore ISI began coverage on shares of Duke Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target for the company. Jefferies Financial Group cut shares of Duke Energy from a “buy” rating to a “hold” rating and decreased their price target for the company from $141.00 to $134.00 in a research report on Friday, September 26th. The Goldman Sachs Group set a $132.00 price target on shares of Duke Energy in a research report on Tuesday, July 1st. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley decreased their price target on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus price target of $134.08.

Insider Buying and Selling at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 46,422 shares in the company, valued at approximately $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 owned by corporate insiders.

Duke Energy Trading Up 1.7%

DUK opened at $126.88 on Friday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The company has a fifty day moving average of $123.06 and a 200-day moving average of $119.87. The stock has a market cap of $98.66 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 3.06 and a beta of 0.44.

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 firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the company earned $1.18 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. On average, sell-side analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were given a dividend of $1.065 per share. 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. The ex-dividend date was Friday, August 15th. Duke Energy’s dividend payout ratio is currently 69.27%.

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.