Daymark Wealth Partners LLC Grows Position in Duke Energy Co. (NYSE:DUK)

Daymark Wealth Partners LLC increased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,948 shares of the utilities provider’s stock after purchasing an additional 188 shares during the period. Daymark Wealth Partners LLC’s holdings in Duke Energy were worth $4,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DUK. Legacy Investment Solutions LLC acquired a new position in shares of Duke Energy during the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy in the 3rd quarter valued at about $30,000. Winch Advisory Services LLC lifted its position in Duke Energy by 332.9% during the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after buying an additional 243 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Duke Energy during the 3rd quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC grew its position in Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 167 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on DUK shares. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Barclays increased their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley lowered their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Scotiabank lifted their price target on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $122.23.

Duke Energy Stock Up 1.3 %

DUK stock opened at $110.73 on Wednesday. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The company has a 50 day moving average price of $110.38 and a two-hundred day moving average price of $112.19. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The stock has a market capitalization of $85.54 billion, a P/E ratio of 20.35, a PEG ratio of 2.72 and a beta of 0.49.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 EPS. As a group, sell-side analysts expect that Duke Energy Co. will post 5.92 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.77%. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Duke Energy 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.