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

Daymark Wealth Partners LLC boosted its position in Duke Energy Co. (NYSE:DUK) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,760 shares of the utilities provider’s stock after purchasing an additional 918 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Duke Energy were worth $4,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Duke Energy by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 435,157 shares of the utilities provider’s stock worth $42,084,000 after acquiring an additional 13,406 shares during the period. Duality Advisers LP increased its holdings in Duke Energy by 57.8% in the first quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock valued at $2,618,000 after buying an additional 9,917 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Duke Energy by 63.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock worth $4,324,000 after buying an additional 17,420 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Duke Energy by 9.4% during the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after buying an additional 9,334 shares during the last quarter. Finally, Goodman Advisory Group LLC acquired a new position in Duke Energy in the second quarter valued at approximately $2,888,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of NYSE DUK traded up $0.15 during mid-day trading on Wednesday, reaching $110.82. The company had a trading volume of 914,762 shares, compared to its average volume of 3,006,030. The business’s 50-day simple moving average is $114.32 and its 200 day simple moving average is $105.65. The firm has a market cap of $85.53 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 3.22 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. Duke Energy Co. has a one year low of $85.79 and a one year high of $118.31.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. Duke Energy’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 105.03%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Scotiabank increased their price objective on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays upped their price target 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. KeyCorp raised their price target on shares of Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Bank of America boosted their price target on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Morgan Stanley increased their price objective on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus target price of $118.21.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

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.