Brightworth lowered its position in shares of Duke Energy Corp (NYSE:DUK) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,903 shares of the utilities provider’s stock after selling 725 shares during the quarter. Brightworth’s holdings in Duke Energy were worth $337,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Morgan Stanley increased its holdings in shares of Duke Energy by 13.8% in the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock valued at $303,498,000 after purchasing an additional 460,092 shares during the last quarter. Union Bankshares Corp increased its holdings in shares of Duke Energy by 43.4% in the fourth quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock valued at $724,000 after purchasing an additional 2,536 shares during the last quarter. Putnam Investments LLC increased its holdings in shares of Duke Energy by 0.9% in the third quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock valued at $20,737,000 after purchasing an additional 2,344 shares during the last quarter. First National Bank of Omaha increased its holdings in shares of Duke Energy by 0.8% in the fourth quarter. First National Bank of Omaha now owns 54,166 shares of the utilities provider’s stock valued at $4,675,000 after purchasing an additional 430 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Duke Energy by 207.9% in the third quarter. Thrivent Financial for Lutherans now owns 109,460 shares of the utilities provider’s stock valued at $8,759,000 after purchasing an additional 73,915 shares during the last quarter. 60.33% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on DUK shares. Wells Fargo & Co cut their price target on Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a report on Monday, November 5th. Barclays increased their price target on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a report on Monday, November 19th. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Wednesday, December 12th. Finally, Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Duke Energy currently has a consensus rating of “Hold” and an average target price of $85.00.
Shares of Duke Energy stock opened at $90.17 on Tuesday. The company has a market capitalization of $64.37 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 3.65 and a beta of 0.06. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.35. The company has a quick ratio of 0.46, a current ratio of 0.68 and a debt-to-equity ratio of 1.17.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 15th will be given a $0.9275 dividend. The ex-dividend date is Thursday, February 14th. This represents a $3.71 annualized dividend and a yield of 4.11%. Duke Energy’s payout ratio is 81.18%.
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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