Daymark Wealth Partners LLC Purchases 188 Shares of Duke Energy Co. (NYSE:DUK)

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

Several other large investors have also recently modified their holdings of DUK. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the third quarter worth $29,000. Northwest Investment Counselors LLC bought a new stake in Duke Energy during the third quarter valued at approximately $30,000. Winch Advisory Services LLC increased its holdings in shares of Duke Energy by 332.9% in the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after buying an additional 243 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Duke Energy during the 3rd quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of 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 buying an additional 167 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $110.73 on Wednesday. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The firm has a market capitalization of $85.54 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.72 and a beta of 0.49. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The business has a 50 day simple moving average of $110.38 and a 200-day simple moving average of $112.19.

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

Duke Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About Duke Energy

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.