Duke Energy Corporation (NYSE:DUK) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lessened its holdings in Duke Energy Corporation (NYSE:DUK) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,170 shares of the utilities provider’s stock after selling 778 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Duke Energy were worth $4,656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Duke Energy by 14,268.8% during the 1st quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider’s stock valued at $202,858,000 after purchasing an additional 1,651,608 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in shares of Duke Energy during the 4th quarter valued at approximately $163,819,000. Capital Wealth Planning LLC increased its holdings in shares of Duke Energy by 116.5% during the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider’s stock valued at $222,520,000 after purchasing an additional 1,111,581 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock valued at $7,852,731,000 after purchasing an additional 779,054 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Duke Energy by 14.8% during the 4th quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider’s stock valued at $521,322,000 after purchasing an additional 625,008 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Up 0.0%

Shares of DUK opened at $116.98 on Wednesday. Duke Energy Corporation has a 52-week low of $99.21 and a 52-week high of $125.27. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The firm’s fifty day moving average is $117.81 and its two-hundred day moving average is $114.97. The stock has a market cap of $90.92 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.92 and a beta of 0.37.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.59 by $0.17. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The business had revenue of $8.25 billion for the quarter, compared to analyst estimates of $7.70 billion. During the same quarter in the previous year, the firm earned $1.44 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were issued a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.57%. Duke Energy’s dividend payout ratio is presently 69.32%.

Wall Street Analysts Forecast Growth

DUK has been the subject of several recent research reports. Guggenheim lifted their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. BMO Capital Markets cut their target price on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. UBS Group reissued a “neutral” rating and issued a $127.00 price target (up previously from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. Finally, Barclays lifted their price target on shares of Duke Energy from $111.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.75.

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.