Revolve Wealth Partners LLC Sells 198 Shares of Duke Energy Corporation $DUK

Revolve Wealth Partners LLC decreased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,836 shares of the utilities provider’s stock after selling 198 shares during the period. Revolve Wealth Partners LLC’s holdings in Duke Energy were worth $335,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DUK. Activest Wealth Management boosted its holdings 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 buying an additional 105 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Duke Energy during the 1st quarter worth about $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy during the 1st quarter worth about $27,000. Mascoma Wealth Management LLC boosted its holdings in shares of Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after buying an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC boosted its holdings in shares of Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after buying an additional 198 shares during the period. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of Duke Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from $141.00 to $134.00 in a report on Friday, September 26th. Morgan Stanley cut their price objective on shares of Duke Energy from $129.00 to $127.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday, October 8th. Barclays boosted their price objective on shares of Duke Energy from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Finally, BMO Capital Markets boosted their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a report on Friday. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $134.08.

Insider Buying and Selling

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

Duke Energy Stock Performance

Shares of Duke Energy stock 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. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $127.85. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The company has a market cap of $98.06 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 3.06 and a beta of 0.44.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the company posted $1.18 EPS. The business’s 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. As a group, equities research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

About Duke Energy

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.