Elevation Point Wealth Partners LLC Purchases 9,896 Shares of Duke Energy Corporation $DUK

Elevation Point Wealth Partners LLC boosted its position in Duke Energy Corporation (NYSE:DUK) by 130.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,465 shares of the utilities provider’s stock after buying an additional 9,896 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Duke Energy were worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in DUK. Basso Capital Management L.P. bought a new stake in shares of Duke Energy in the fourth quarter valued at approximately $25,000. Dorato Capital Management purchased a new stake in shares of Duke Energy in the fourth quarter worth $26,000. Evolution Wealth Management Inc. raised 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 valued at $26,000 after acquiring an additional 200 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in Duke Energy in the third quarter valued at approximately $27,000. Finally, Triumph Capital Management lifted its holdings 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 acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of the firm’s 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 transaction, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 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 approximately $11,952,205.74. The trade was a 17.23% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by corporate insiders.

Duke Energy Trading Down 0.1%

Shares of NYSE:DUK opened at $129.44 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. Duke Energy Corporation has a 1 year low of $113.89 and a 1 year high of $134.49. The company has a market cap of $100.91 billion, a P/E ratio of 19.82 and a beta of 0.38. The stock’s fifty day moving average price is $125.06 and its 200-day moving average price is $124.78.

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

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th were issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, May 15th. Duke Energy’s payout ratio is presently 65.24%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. BMO Capital Markets dropped their target price on Duke Energy from $139.00 to $138.00 in a research report on Wednesday, May 6th. Wells Fargo & Company increased their target price on shares of Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Evercore lifted their price objective on Duke Energy from $139.00 to $140.00 in a research report on Monday, May 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.33.

Duke Energy 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.