Schwab Charles Investment Management Inc. increased its position in shares of Duke Energy Corp (NYSE:DUK) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,544,036 shares of the utilities provider’s stock after buying an additional 103,095 shares during the period. Schwab Charles Investment Management Inc. owned about 0.36% of Duke Energy worth $213,979,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DUK. UMB Bank N A MO increased its stake in Duke Energy by 5.9% in the second quarter. UMB Bank N A MO now owns 260,761 shares of the utilities provider’s stock valued at $21,797,000 after purchasing an additional 14,553 shares during the last quarter. Convergence Investment Partners LLC increased its stake in Duke Energy by 5.5% in the second quarter. Convergence Investment Partners LLC now owns 15,673 shares of the utilities provider’s stock valued at $1,310,000 after purchasing an additional 813 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Duke Energy by 37.5% in the second quarter. Advisors Asset Management Inc. now owns 113,688 shares of the utilities provider’s stock valued at $9,503,000 after purchasing an additional 31,025 shares during the last quarter. United Asset Strategies Inc. grew its position in shares of Duke Energy by 2.6% during the second quarter. United Asset Strategies Inc. now owns 19,843 shares of the utilities provider’s stock worth $1,659,000 after acquiring an additional 510 shares during the last quarter. Finally, Accredited Investors Inc. grew its position in shares of Duke Energy by 0.7% during the second quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.
DUK has been the topic of a number of research reports. Citigroup raised their target price on shares of Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a research report on Tuesday, October 17th. ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Goldman Sachs Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $80.11 to $88.00 in a research report on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating and set a $91.00 target price on shares of Duke Energy in a research report on Thursday, February 1st. Finally, UBS Group began coverage on Duke Energy in a report on Friday, February 2nd. They set a “buy” rating and a $91.00 price target for the company. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $87.91.
Shares of Duke Energy Corp (NYSE DUK) opened at $76.81 on Tuesday. The company has a market capitalization of $53,760.00, a PE ratio of 20.16, a P/E/G ratio of 3.94 and a beta of 0.12. Duke Energy Corp has a 52-week low of $72.93 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71.
The business also recently disclosed 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. This represents a $3.56 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s dividend payout ratio is presently 93.44%.
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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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