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RWA Wealth Partners LLC Cuts Holdings in Duke Energy Corporation $DUK

Duke Energy logo with Utilities background

Key Points

  • RWA Wealth Partners LLC reduced its stake in Duke Energy Corporation by 4.7%, owning 101,134 shares valued at approximately $12.34 million after selling 5,002 shares.
  • Institutional investments increased significantly, with GQG Partners LLC boosting its position by 17,880% and now holding over 10 million shares valued at approximately $1.25 billion.
  • Duke Energy announced a quarterly dividend increase to $1.065 per share, with an annualized yield of 3.5% and a dividend payout ratio of 69.27%.
  • Looking to export and analyze Duke Energy data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

RWA Wealth Partners LLC trimmed its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,134 shares of the utilities provider's stock after selling 5,002 shares during the period. RWA Wealth Partners LLC's holdings in Duke Energy were worth $12,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DUK. Brighton Jones LLC boosted 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 acquiring an additional 700 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Duke Energy during the fourth quarter worth $309,000. Forum Financial Management LP acquired a new stake in shares of Duke Energy during the fourth quarter worth $222,000. First Trust Advisors LP lifted its stake in shares of Duke Energy by 11.6% during the fourth quarter. First Trust Advisors LP now owns 1,666,892 shares of the utilities provider's stock worth $179,591,000 after buying an additional 173,681 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Duke Energy by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,891,730 shares of the utilities provider's stock worth $203,815,000 after buying an additional 49,150 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares of the company's stock, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy 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 completion of the transaction, the senior vice president directly owned 19,608 shares of the company's stock, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Duke Energy Stock Performance

NYSE DUK traded up $0.0740 on Friday, reaching $124.2140. 2,182,812 shares of the company's stock traded hands, compared to its average volume of 3,497,655. The firm has a market cap of $96.59 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 3.00 and a beta of 0.36. The stock has a 50 day moving average price of $119.78 and a 200-day moving average price of $118.35. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Raymond James Financial assumed coverage on shares of Duke Energy in a research note on Friday, June 13th. They set a "market perform" rating for the company. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research note on Tuesday, July 1st. Scotiabank lifted their price objective on shares of Duke Energy from $120.00 to $128.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 6th. UBS Group reiterated a "neutral" rating and set a $127.00 price objective (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Duke Energy has an average rating of "Moderate Buy" and an average target price of $130.07.

Get Our Latest Report on Duke Energy

Duke Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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