Kiley Juergens Wealth Management LLC Invests $1.03 Million in Duke Energy Corporation $DUK

Kiley Juergens Wealth Management LLC acquired a new position in shares of Duke Energy Corporation (NYSE:DUK) during the first quarter, Holdings Channel.com reports. The fund acquired 7,869 shares of the utilities provider’s stock, valued at approximately $1,030,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sharp Wealth Advisory LLC grew its stake in Duke Energy by 4.5% during the first quarter. Sharp Wealth Advisory LLC now owns 1,876 shares of the utilities provider’s stock valued at $246,000 after acquiring an additional 81 shares in the last quarter. A4 Wealth Advisors LLC grew its position in shares of Duke Energy by 3.3% during the 4th quarter. A4 Wealth Advisors LLC now owns 2,597 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 82 shares in the last quarter. Elm Partners Management LLC increased its holdings in shares of Duke Energy by 0.9% in the fourth quarter. Elm Partners Management LLC now owns 9,254 shares of the utilities provider’s stock worth $1,085,000 after purchasing an additional 83 shares during the period. CYBER HORNET ETFs LLC raised its position in shares of Duke Energy by 4.1% in the third quarter. CYBER HORNET ETFs LLC now owns 2,113 shares of the utilities provider’s stock worth $261,000 after buying an additional 83 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID raised its position in shares of Duke Energy by 35.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 324 shares of the utilities provider’s stock worth $38,000 after buying an additional 84 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the sale, the chief executive officer directly owned 21,415 shares in the company, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the transaction, the chief executive officer directly owned 96,102 shares in the company, valued at $11,952,205.74. This trade represents a 17.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by company insiders.

Duke Energy Trading Up 2.8%

Shares of NYSE:DUK traded up $3.55 during trading on Tuesday, reaching $129.52. 581,958 shares of the company traded hands, compared to its average volume of 3,953,059. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. Duke Energy Corporation has a 52-week low of $113.89 and a 52-week high of $134.49. The firm has a market capitalization of $100.98 billion, a price-to-earnings ratio of 19.84 and a beta of 0.38. The business’s fifty day moving average is $125.06 and its 200-day moving average is $124.84.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. The company had revenue of $9.18 billion during the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 EPS. As a group, analysts forecast that Duke Energy Corporation will post 6.71 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th were issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, May 15th. Duke Energy’s dividend payout ratio is currently 65.24%.

Analysts Set New Price Targets

DUK has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on Duke Energy from $132.00 to $136.00 in a research report on Wednesday, June 24th. Barclays dropped their price target on Duke Energy from $143.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday, June 18th. Capitol Sec Mgt lowered Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Truist Financial lowered their target price on shares of Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Mizuho dropped their target price on shares of Duke Energy from $139.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.33.

About Duke Energy

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.