Total Clarity Wealth Management Inc. Invests $270,000 in Duke Energy Corporation $DUK

Key Points

• Total Clarity Wealth Management Inc. invested $270,000 in Duke Energy, acquiring 2,291 shares during the 2nd quarter as reported in their recent 13F filing.
• Institutional investors now hold about 65.31% of Duke Energy's stock, with multiple hedge funds increasing their stakes recently.
• Duke Energy reported EPS of $1.25 for the last quarter, below analyst expectations, while its revenue grew 4.7% year-over-year, reaching $7.51 billion.

Total Clarity Wealth Management Inc. purchased a new position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,291 shares of the utilities provider's stock, valued at approximately $270,000.

Several other hedge funds also recently modified their holdings of DUK. Activest Wealth Management increased its stake in shares of 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 during the last quarter. Wayfinding Financial LLC acquired a new position in Duke Energy in the 1st quarter valued at $27,000. N.E.W. Advisory Services LLC acquired a new position in Duke Energy in the 1st quarter valued at $27,000. Mascoma Wealth Management LLC grew its stake in Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider's stock valued at $29,000 after buying an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC grew its stake in Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock valued at $31,000 after buying an additional 198 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

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 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 approximately $2,438,843.04. This trade represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $5,768,397.72. The trade was 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

A number of research firms recently issued reports on DUK. Scotiabank set a $137.00 target price on shares of Duke Energy and gave the company a "sector outperform" rating in a research note on Friday, October 3rd. Barclays raised their target price on shares of Duke Energy from $122.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Jefferies Financial Group lowered shares of Duke Energy from a "buy" rating to a "hold" rating and decreased their price target for the stock from $141.00 to $134.00 in a research report on Friday, September 26th. BMO Capital Markets raised their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Duke Energy in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $134.08.

Duke Energy Price Performance

NYSE:DUK opened at $126.11 on Tuesday. The company has a 50-day moving average of $123.10 and a 200-day moving average of $119.93. The company has a market capitalization of $98.06 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 3.06 and a beta of 0.44. Duke Energy Corporation has a 52 week low of $105.20 and a 52 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 released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 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 the consensus estimate of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.Duke Energy's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, equities research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Company 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.

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