Diversify Wealth Management LLC Acquires 7,225 Shares of Duke Energy Corporation $DUK

Diversify Wealth Management LLC raised its holdings in Duke Energy Corporation (NYSE:DUK) by 173.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,395 shares of the utilities provider’s stock after acquiring an additional 7,225 shares during the period. Diversify Wealth Management LLC’s holdings in Duke Energy were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Basso Capital Management L.P. bought a new position in shares of Duke Energy during the 4th quarter valued at about $25,000. Dorato Capital Management bought a new stake in Duke Energy during the 4th quarter worth approximately $26,000. Evolution Wealth Management Inc. increased its stake in Duke Energy by 1,111.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Duke Energy during the 3rd quarter worth approximately $27,000. Finally, Triumph Capital Management raised its holdings in Duke Energy by 68.6% during the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after buying an additional 94 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Insider Transactions at Duke Energy

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. This trade represents a 17.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Louis E. Renjel sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $125.15, for a total value of $438,025.00. Following the sale, the chief executive officer owned 21,415 shares of the company’s stock, valued at approximately $2,680,087.25. This represents a 14.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.

More Duke Energy News

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke Energy declared a quarterly dividend of $1.085 per share, up $0.02, reinforcing its appeal as a income-focused utility stock. Duke Energy announces dividend payments to shareholders
• Positive Sentiment: Reports that Duke Energy and North Carolina officials reached a settlement over proposed rate hikes could reduce regulatory uncertainty and support future earnings. Duke Energy, state officials reach settlement in NC electric rate hike case
• Positive Sentiment: The company’s push toward nuclear power as offshore wind becomes less attractive may be viewed as a long-term strategic move to meet rising power demand from data centers and industrial customers. Duke Energy (DUK) Is Betting On Nuclear As Offshore Wind Loses Favor
• Neutral Sentiment: Clearwater is considering a 30-year agreement with Duke Energy to maintain the local power grid, which signals ongoing infrastructure relationships but does not appear to be a near-term earnings catalyst. Clearwater set to vote on 30-year agreement to maintain Duke Energy power grid
• Negative Sentiment: Media reports that vulnerable customers may lose monthly bill credits and that utility companies sought record rate increases could keep public and regulatory scrutiny on Duke Energy’s pricing practices. Vulnerable Duke Energy customers set to lose monthly bill credit many don’t know they receive Utilities sought record rate increases this spring as Duke’s request remains before NC regulators

Duke Energy Price Performance

Shares of NYSE:DUK opened at $126.48 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. Duke Energy Corporation has a 52 week low of $113.89 and a 52 week high of $134.49. The firm has a market cap of $98.60 billion, a PE ratio of 19.37 and a beta of 0.38. The firm’s fifty day moving average is $124.87 and its 200-day moving average is $125.31.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. Sell-side analysts predict that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Friday, May 15th were given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, May 15th. Duke Energy’s payout ratio is presently 65.24%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DUK. Morgan Stanley upped their price target on shares of Duke Energy from $132.00 to $136.00 in a report on Wednesday, June 24th. UBS Group dropped their price objective on shares of Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. JPMorgan Chase & Co. cut their price objective on shares of Duke Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Barclays reduced their target price on shares of Duke Energy from $143.00 to $134.00 and set an “overweight” rating for the company in a research note on Thursday, June 18th. Finally, Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.33.

About Duke Energy

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.