Alchemi Wealth LLC Purchases New Shares in Duke Energy Corporation $DUK

Alchemi Wealth LLC purchased a new stake in shares of Duke Energy Corporation (NYSE:DUK) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 15,607 shares of the utilities provider’s stock, valued at approximately $1,829,000. Duke Energy makes up 1.0% of Alchemi Wealth LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other large investors have also added to or reduced their stakes in the company. Mill Creek Capital Advisors LLC grew its holdings in Duke Energy by 4.6% during the 3rd quarter. Mill Creek Capital Advisors LLC now owns 1,854 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 82 shares in the last quarter. Elm Partners Management LLC raised its position in shares of Duke Energy by 0.9% in the 4th quarter. Elm Partners Management LLC now owns 9,254 shares of the utilities provider’s stock valued at $1,085,000 after purchasing an additional 83 shares in the last quarter. CYBER HORNET ETFs LLC raised its position in shares of Duke Energy by 4.1% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 2,113 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 83 shares in the last quarter. Legacy Wealth Managment LLC ID raised its position in shares of Duke Energy by 35.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 324 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 84 shares in the last quarter. Finally, MidWestOne Financial Group Inc. raised its position in shares of Duke Energy by 1.1% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 7,858 shares of the utilities provider’s stock valued at $972,000 after purchasing an additional 87 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Trading Up 0.6%

Shares of NYSE:DUK opened at $124.91 on Friday. Duke Energy Corporation has a fifty-two week low of $113.66 and a fifty-two week high of $134.49. The company has a market cap of $97.38 billion, a PE ratio of 19.13 and a beta of 0.39. The company’s 50-day moving average price is $126.16 and its 200 day moving average price is $124.01. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45.

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

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be paid a $1.065 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s payout ratio is currently 65.24%.

Wall Street Analyst Weigh In

DUK has been the subject of several recent analyst reports. Mizuho raised their price objective on shares of Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. BMO Capital Markets decreased their price objective on shares of Duke Energy from $139.00 to $138.00 in a report on Wednesday, May 6th. Truist Financial decreased their price objective on shares of Duke Energy from $142.00 to $137.00 and set a “buy” rating for the company in a report on Monday, May 18th. JPMorgan Chase & Co. decreased their price objective on shares of Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Barclays raised their price objective on shares of Duke Energy from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.93.

Duke Energy News Summary

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

• Positive Sentiment: Analysts and market commentary are highlighting Duke Energy as a defensive, low-volatility utility pick as inflation jumps and oil prices surge, which can draw investors toward stable dividend names like DUK. 3 Low-Beta Utility Stocks to Buy as Inflation Jumps to Three-Year High
• Positive Sentiment: A Seeking Alpha piece argues Duke Energy could keep rising, reinforcing bullish sentiment around the company’s earnings outlook, utility stability, and rate-driven growth profile. Duke Energy: Why This Utility Could Keep Rising
• Positive Sentiment: Duke Energy received up to $96 million in federal coal plant grants, which could help offset refurbishment costs and support grid reliability without passing as much expense to customers. How Investors Are Reacting To Duke Energy (DUK) Winning US$96 Million In Federal Coal Plant Grants
• Positive Sentiment: Brokerage coverage remains constructive, with Duke Energy carrying an average “Moderate Buy” recommendation. Duke Energy Corporation (NYSE:DUK) Given Average Recommendation of “Moderate Buy” by Brokerages

Insider Activity at Duke Energy

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

Duke Energy Company Profile

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.