Jones Financial Companies Lllp lifted its position in shares of Duke Energy Corp (NYSE:DUK) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,958 shares of the utilities provider’s stock after purchasing an additional 987 shares during the period. Jones Financial Companies Lllp’s holdings in Duke Energy were worth $3,613,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. BB&T Investment Services Inc. increased its stake in shares of Duke Energy by 12.8% during the 3rd quarter. BB&T Investment Services Inc. now owns 16,991 shares of the utilities provider’s stock worth $1,424,000 after purchasing an additional 1,923 shares during the last quarter. Sei Investments Co. increased its stake in shares of Duke Energy by 26.4% during the 3rd quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock worth $12,790,000 after purchasing an additional 31,789 shares during the last quarter. Iberiabank Corp increased its stake in shares of Duke Energy by 3.6% during the 3rd quarter. Iberiabank Corp now owns 65,328 shares of the utilities provider’s stock worth $5,487,000 after purchasing an additional 2,297 shares during the last quarter. Atlantic Trust Group LLC increased its stake in shares of Duke Energy by 52.5% during the 3rd quarter. Atlantic Trust Group LLC now owns 26,754 shares of the utilities provider’s stock worth $2,244,000 after purchasing an additional 9,213 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Duke Energy by 0.9% during the 3rd quarter. Swiss National Bank now owns 3,239,991 shares of the utilities provider’s stock worth $271,900,000 after purchasing an additional 28,500 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.
Shares of Duke Energy Corp (NYSE DUK) opened at $76.13 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The stock has a market cap of $53,298.05, a PE ratio of 17.46, a price-to-earnings-growth ratio of 4.38 and a beta of 0.15. Duke Energy Corp has a twelve month low of $72.93 and a twelve month high of $91.80.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio is currently 81.65%.
Several research analysts have recently weighed in on DUK shares. Guggenheim restated a “buy” rating and set a $96.00 price objective on shares of Duke Energy in a research note on Wednesday, January 3rd. Goldman Sachs Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $80.11 to $88.00 in a research note on Wednesday, January 10th. Credit Suisse Group upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $91.00 to $83.00 in a research note on Tuesday, January 23rd. SunTrust Banks set a $82.00 target price on shares of Duke Energy and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $82.00 target price (down previously from $92.00) on shares of Duke Energy in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $86.33.
In other Duke Energy news, COO Dhiaa M. Jamil sold 500 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total value of $44,540.00. Following the completion of the sale, the chief operating officer now owns 34,115 shares of the company’s stock, valued at approximately $3,038,964.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.
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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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