Lbmc Investment Advisors LLC increased its stake in shares of Duke Energy Corp (NYSE:DUK) by 5.9% during the fourth quarter, HoldingsChannel reports. The firm owned 7,734 shares of the utilities provider’s stock after buying an additional 433 shares during the period. Lbmc Investment Advisors LLC’s holdings in Duke Energy were worth $667,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Schnieders Capital Management LLC increased its stake in Duke Energy by 1.0% in the 4th quarter. Schnieders Capital Management LLC now owns 26,379 shares of the utilities provider’s stock worth $2,276,000 after acquiring an additional 250 shares during the last quarter. Boys Arnold & Co. Inc. increased its stake in Duke Energy by 13.0% in the 4th quarter. Boys Arnold & Co. Inc. now owns 36,939 shares of the utilities provider’s stock worth $3,181,000 after acquiring an additional 4,237 shares during the last quarter. Hurlow Wealth Management Group Inc. bought a new position in Duke Energy in the 4th quarter worth about $237,000. Allred Capital Management LLC bought a new position in Duke Energy in the 4th quarter worth about $1,752,000. Finally, Rhumbline Advisers increased its stake in Duke Energy by 1.0% in the 4th quarter. Rhumbline Advisers now owns 1,240,660 shares of the utilities provider’s stock worth $107,069,000 after acquiring an additional 12,724 shares during the last quarter. 59.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Duke Energy stock opened at $90.30 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.68. The stock has a market cap of $63.79 billion, a PE ratio of 19.76, a PEG ratio of 3.62 and a beta of 0.06. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.35.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be given a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 annualized dividend and a dividend yield of 4.11%. Duke Energy’s dividend payout ratio (DPR) is presently 81.18%.
A number of brokerages have weighed in on DUK. Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Wednesday, December 12th. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Wells Fargo & Co decreased their target price on Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, November 5th. Barclays increased their price objective on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Finally, Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $85.00.
Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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