Sagespring Wealth Partners LLC Buys 3,023 Shares of Duke Energy Corporation $DUK

Sagespring Wealth Partners LLC grew its stake in shares of Duke Energy Corporation (NYSE:DUK) by 9.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 33,557 shares of the utilities provider’s stock after purchasing an additional 3,023 shares during the period. Sagespring Wealth Partners LLC’s holdings in Duke Energy were worth $3,960,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC lifted its stake in Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after purchasing an additional 700 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Duke Energy by 17.8% during the first quarter. GAMMA Investing LLC now owns 13,636 shares of the utilities provider’s stock worth $1,663,000 after acquiring an additional 2,061 shares in the last quarter. Tritonpoint Wealth LLC purchased a new stake in shares of Duke Energy during the first quarter worth $233,000. Dynamic Advisor Solutions LLC lifted its position in shares of Duke Energy by 3.5% during the first quarter. Dynamic Advisor Solutions LLC now owns 25,588 shares of the utilities provider’s stock worth $3,121,000 after acquiring an additional 866 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Duke Energy by 45.5% during the first quarter. Ritholtz Wealth Management now owns 10,488 shares of the utilities provider’s stock worth $1,279,000 after acquiring an additional 3,280 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Transactions at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the firm’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 transaction, the senior vice president directly owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’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 directly owned 46,422 shares in the company, valued at $5,768,397.72. This trade 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 company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group increased their target price on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a research report on Tuesday, July 1st. Barclays set a $135.00 price target on shares of Duke Energy and gave the stock an “overweight” rating in a report on Tuesday. BMO Capital Markets upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Scotiabank set a $137.00 price target on shares of Duke Energy and gave the stock a “sector outperform” rating in a report on Friday, October 3rd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $134.38.

Duke Energy Stock Down 0.7%

DUK opened at $126.11 on Tuesday. The stock has a market cap of $98.06 billion, a PE ratio of 20.50, a P/E/G ratio of 3.06 and a beta of 0.44. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $127.85. The business’s fifty day simple moving average is $123.10 and its 200 day simple moving average is $119.93.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company earned $1.18 EPS. The firm’s 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. As a group, research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

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.