Stephens Inc. AR reduced its stake in shares of Duke Energy Corp (NYSE:DUK) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 155,075 shares of the utilities provider’s stock after selling 6,666 shares during the quarter. Stephens Inc. AR’s holdings in Duke Energy were worth $13,043,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Pinebridge Investments L.P. acquired a new position in Duke Energy in the 2nd quarter valued at $500,000. Trust Co. of Virginia VA raised its holdings in Duke Energy by 11.5% in the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock valued at $1,129,000 after acquiring an additional 1,392 shares during the last quarter. BB&T Investment Services Inc. raised its holdings in Duke Energy by 12.8% in the 3rd quarter. BB&T Investment Services Inc. now owns 16,991 shares of the utilities provider’s stock valued at $1,424,000 after acquiring an additional 1,923 shares during the last quarter. Sei Investments Co. raised its holdings in Duke Energy by 26.4% in the 3rd quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock valued at $12,790,000 after acquiring an additional 31,789 shares during the last quarter. Finally, Iberiabank Corp raised its holdings in Duke Energy by 3.6% in the 3rd quarter. Iberiabank Corp now owns 65,328 shares of the utilities provider’s stock valued at $5,487,000 after acquiring an additional 2,297 shares during the last quarter. Hedge funds and other institutional investors own 57.24% of the company’s stock.
Shares of Duke Energy Corp (NYSE DUK) opened at $75.81 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 12-month low of $75.73 and a 12-month high of $91.80. The firm has a market cap of $53,569.13, a price-to-earnings ratio of 25.02, a P/E/G ratio of 3.97 and a beta of 0.12.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a yield of 4.70%. Duke Energy’s dividend payout ratio (DPR) is 117.49%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is currently owned by corporate insiders.
DUK has been the subject of several analyst reports. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. JPMorgan Chase & Co. boosted their price target on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. SunTrust Banks reiterated a “hold” rating and issued a $88.00 price target on shares of Duke Energy in a report on Thursday, October 12th. Citigroup boosted their price objective on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. Finally, Bank of America reissued a “neutral” rating and set a $92.00 price objective on shares of Duke Energy in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.98.
Duke Energy Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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