OneAscent Wealth Management LLC Has $523,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

OneAscent Wealth Management LLC increased its stake in shares of Duke Energy Co. (NYSE:DUK) by 13.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,412 shares of the utilities provider’s stock after buying an additional 650 shares during the period. OneAscent Wealth Management LLC’s holdings in Duke Energy were worth $523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC lifted its holdings in Duke Energy by 13.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after buying an additional 344 shares in the last quarter. Howard Wealth Management LLC acquired a new stake in Duke Energy in the fourth quarter worth about $219,000. Dynamic Advisor Solutions LLC lifted its position in Duke Energy by 4.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after purchasing an additional 1,122 shares during the period. Western Pacific Wealth Management LP boosted its stake in shares of Duke Energy by 39.4% in the 4th quarter. Western Pacific Wealth Management LP now owns 2,326 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 657 shares during the last quarter. Finally, Wagner Wealth Management LLC grew its position in shares of Duke Energy by 3.4% during the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock worth $1,691,000 after buying an additional 576 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley reduced their target price on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Scotiabank cut their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. BMO Capital Markets boosted their price objective on shares of Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. KeyCorp lifted their price target on shares of Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Bank of America increased their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $102.33.

Insider Buying and Selling

In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the sale, the executive vice president now directly owns 68,657 shares in the company, valued at $7,057,253.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the sale, the executive vice president now owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,695 shares of company stock worth $2,750,815. Company insiders own 0.10% of the company’s stock.

Duke Energy Stock Performance

Shares of NYSE DUK traded down $0.36 during mid-day trading on Friday, reaching $100.23. 3,898,744 shares of the company were exchanged, compared to its average volume of 2,576,126. The stock has a market capitalization of $77.35 billion, a P/E ratio of 25.18, a P/E/G ratio of 2.76 and a beta of 0.45. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. The company’s 50-day simple moving average is $101.37 and its 200-day simple moving average is $97.43. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $104.87.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. The firm had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS. As a group, research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were paid a $1.025 dividend. This represents a $4.10 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s dividend payout ratio (DPR) is currently 103.02%.

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.