Greatmark Investment Partners Inc. Has $446,000 Holdings in Duke Energy Co. (NYSE:DUK)

Greatmark Investment Partners Inc. boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,599 shares of the utilities provider’s stock after buying an additional 182 shares during the period. Greatmark Investment Partners Inc.’s holdings in Duke Energy were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DUK. FSC Wealth Advisors LLC purchased a new position in Duke Energy during the 3rd quarter valued at about $29,000. Legacy Financial Group LLC purchased a new position in Duke Energy during the 3rd quarter valued at about $45,000. Fortis Group Advisors LLC bought a new stake in shares of Duke Energy in the 3rd quarter valued at approximately $50,000. Bruce G. Allen Investments LLC bought a new stake in shares of Duke Energy in the 4th quarter valued at approximately $71,000. Finally, PFS Partners LLC grew its stake in shares of Duke Energy by 145.0% in the 4th quarter. PFS Partners LLC now owns 735 shares of the utilities provider’s stock valued at $71,000 after buying an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of DUK stock traded up $0.86 during trading hours on Monday, hitting $98.57. 750,245 shares of the company’s stock were exchanged, compared to its average volume of 2,956,118. The stock’s 50-day moving average is $94.84 and its 200-day moving average is $93.80. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The stock has a market cap of $76.04 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $100.13.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. Duke Energy’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 EPS. As a group, research analysts forecast that Duke Energy Co. will post 5.98 EPS for the current year.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, the executive vice president now owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DUK shares. KeyCorp upped their price target on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Scotiabank cut their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. Wells Fargo & Company cut their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Finally, Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.62.

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.