Ballentine Partners LLC acquired a new position in shares of Duke Energy Corp (NYSE:DUK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,459 shares of the utilities provider’s stock, valued at approximately $207,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of DUK. Edgemoor Investment Advisors Inc. lifted its holdings in shares of Duke Energy by 17.1% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 75,742 shares of the utilities provider’s stock worth $6,331,000 after acquiring an additional 11,036 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Duke Energy during the 2nd quarter worth $2,499,000. Alethea Capital Management LLC lifted its stake in Duke Energy by 100.0% in the second quarter. Alethea Capital Management LLC now owns 10,000 shares of the utilities provider’s stock worth $836,000 after purchasing an additional 5,000 shares during the last quarter. First Houston Capital Inc. lifted its stake in Duke Energy by 0.4% in the second quarter. First Houston Capital Inc. now owns 26,280 shares of the utilities provider’s stock worth $2,197,000 after purchasing an additional 100 shares during the last quarter. Finally, Virginia Retirement Systems ET AL lifted its stake in Duke Energy by 119.8% in the second quarter. Virginia Retirement Systems ET AL now owns 263,600 shares of the utilities provider’s stock worth $22,034,000 after purchasing an additional 143,700 shares during the last quarter. 57.13% of the stock is owned by institutional investors.
Several analysts have weighed in on the stock. Citigroup boosted their price target on shares of Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. SunTrust Banks set a $80.00 price target on shares of Duke Energy and gave the stock a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Bank of America reissued a “neutral” rating and issued a $92.00 price target on shares of Duke Energy in a research note on Tuesday, October 24th. Finally, UBS Group assumed coverage on shares of Duke Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $91.00 price target for the company. Two 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 company’s stock. Duke Energy currently has a consensus rating of “Hold” and an average price target of $87.18.
Duke Energy Corp (DUK) opened at $77.08 on Wednesday. The company has a market cap of $53,950.00, a PE ratio of 20.23, a PEG ratio of 3.98 and a beta of 0.12. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. Duke Energy Corp has a one year low of $72.93 and a one year high of $91.80.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is 93.44%.
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Duke Energy 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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