Genesis Private Wealth LLC Invests $405,000 in Duke Energy Co. (NYSE:DUK)

Genesis Private Wealth LLC purchased a new position in Duke Energy Co. (NYSE:DUK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,759 shares of the utilities provider’s stock, valued at approximately $405,000.

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

Wall Street Analyst Weigh In

DUK has been the subject of several research analyst reports. Morgan Stanley reduced 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. Barclays upped their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Scotiabank upped their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Stock Up 1.3 %

Shares of NYSE DUK opened at $110.73 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $85.54 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.72 and a beta of 0.49. The firm’s 50-day moving average is $110.41 and its 200-day moving average is $112.12. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous 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 expect 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 issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

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.