Zinnia Wealth Advisory LLC Acquires Shares of 7,193 Duke Energy Corporation $DUK

Zinnia Wealth Advisory LLC acquired a new stake in Duke Energy Corporation (NYSE:DUK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,193 shares of the utilities provider’s stock, valued at approximately $843,000. Duke Energy comprises approximately 0.9% of Zinnia Wealth Advisory LLC’s investment portfolio, making the stock its 24th largest position.

Several other large investors have also recently modified their holdings of the stock. Dorato Capital Management bought a new position in Duke Energy during the fourth quarter valued at $26,000. Evolution Wealth Management Inc. lifted its holdings in shares of Duke Energy by 1,111.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Duke Energy in the 3rd quarter worth about $27,000. Triumph Capital Management boosted its stake in shares of 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 purchasing an additional 94 shares during the period. Finally, Cornerstone Financial Management LLC bought a new position in Duke Energy during the 4th quarter valued at about $28,000. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DUK. Mizuho increased their price objective on shares of Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Barclays increased their price target on Duke Energy from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Morgan Stanley cut their price objective on Duke Energy from $141.00 to $132.00 in a research report on Thursday, May 21st. Finally, BMO Capital Markets lowered their price objective on shares of Duke Energy from $139.00 to $138.00 in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $138.93.

Duke Energy Stock Down 0.0%

NYSE:DUK opened at $124.91 on Monday. The company’s 50-day simple moving average is $126.16 and its 200-day simple moving average is $124.02. 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 fifty-two week low of $113.66 and a fifty-two week high of $134.49. The stock has a market capitalization of $97.38 billion, a P/E ratio of 19.13 and a beta of 0.39.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.76 earnings per share. On average, equities analysts anticipate that Duke Energy Corporation will post 6.71 earnings per share for the current fiscal 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 issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, May 15th. Duke Energy’s dividend payout ratio is currently 65.24%.

Trending Headlines about Duke Energy

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

Insiders Place Their Bets

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the completion of the sale, the chief executive officer directly owned 21,415 shares in the company, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction dated 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 directly owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. This represents a 17.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by company insiders.

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.