Tyche Wealth Partners LLC Sells 245 Shares of Duke Energy Corporation $DUK

Tyche Wealth Partners LLC lessened its stake in shares of Duke Energy Corporation (NYSE:DUK) by 4.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,888 shares of the utilities provider’s stock after selling 245 shares during the period. Tyche Wealth Partners LLC’s holdings in Duke Energy were worth $577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DUK. Toth Financial Advisory Corp raised its stake in shares of Duke Energy by 31.6% during the 1st quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider’s stock valued at $42,000 after buying an additional 83 shares during the last quarter. Reyes Financial Architecture Inc. raised its stake in shares of Duke Energy by 4.8% during the 1st quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock valued at $223,000 after buying an additional 83 shares during the last quarter. Lokken Investment Group LLC raised its stake in shares of Duke Energy by 3.3% during the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after buying an additional 84 shares during the last quarter. Sheets Smith Wealth Management raised its stake in shares of Duke Energy by 0.3% during the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock valued at $3,356,000 after buying an additional 85 shares during the last quarter. Finally, Grandview Asset Management LLC raised its stake in shares of Duke Energy by 0.6% during the 1st quarter. Grandview Asset Management LLC now owns 14,135 shares of the utilities provider’s stock valued at $1,724,000 after buying an additional 86 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DUK shares. BMO Capital Markets lifted their price objective on Duke Energy from $131.00 to $132.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a research note on Saturday, September 27th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research note on Tuesday, July 1st. Raymond James Financial started coverage on Duke Energy in a research note on Friday, June 13th. They issued a “market perform” rating for the company. Finally, Evercore ISI set a $143.00 price target on Duke Energy and gave the company an “outperform” rating in a research note on Monday. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.08.

Insider Activity

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the sale, the executive vice president directly owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $124.38 on Tuesday. 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 twelve month low of $105.20 and a twelve month high of $127.85. The firm has a market cap of $96.72 billion, a PE ratio of 20.22, a P/E/G ratio of 2.98 and a beta of 0.44. The business has a 50-day moving average price of $122.71 and a 200 day moving average price of $119.65.

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). 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 during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the firm posted $1.18 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Sell-side analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

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

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.