LS Investment Advisors LLC cut its position in Duke Energy Corp (NYSE:DUK) by 9.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,948 shares of the utilities provider’s stock after selling 4,287 shares during the quarter. LS Investment Advisors LLC’s holdings in Duke Energy were worth $3,448,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of DUK. Vigilant Capital Management LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at approximately $43,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at approximately $57,000. Massey Quick Simon & CO. LLC grew its holdings in shares of Duke Energy by 1,681.8% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 784 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 740 shares during the last quarter. First Mercantile Trust Co. grew its holdings in shares of Duke Energy by 69.4% during the 4th quarter. First Mercantile Trust Co. now owns 1,050 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 430 shares during the last quarter. Finally, Mondrian Investment Partners LTD grew its holdings in shares of Duke Energy by 90.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 1,091 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 518 shares during the last quarter. Institutional investors own 60.33% of the company’s stock.
A number of equities research analysts have weighed in on DUK shares. Wells Fargo & Co reduced their target price on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. Barclays boosted their target price on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, November 19th. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Zacks Investment Research raised shares of Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Wednesday, December 12th. Finally, Bank of America lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $88.00 to $87.00 in a report on Wednesday, January 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $85.00.
Shares of NYSE DUK opened at $90.17 on Tuesday. The company has a market capitalization of $64.28 billion, a PE ratio of 19.73, a PEG ratio of 3.65 and a beta of 0.06. Duke Energy Corp has a 52-week low of $71.96 and a 52-week high of $91.35. 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be given a $0.9275 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.11%. Duke Energy’s dividend payout ratio (DPR) is currently 81.18%.
About Duke Energy
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.
Further Reading: Current Ratio
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