BB&T Securities LLC increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,326 shares of the utilities provider’s stock after purchasing an additional 40,412 shares during the period. BB&T Securities LLC owned approximately 0.06% of Duke Energy worth $35,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of DUK. FMR LLC grew its stake in Duke Energy by 28.5% in the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock valued at $365,201,000 after purchasing an additional 1,023,646 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Duke Energy by 69.3% in the second quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock valued at $16,994,000 after purchasing an additional 87,950 shares in the last quarter. Atria Investments LLC grew its stake in Duke Energy by 16.3% in the third quarter. Atria Investments LLC now owns 4,475 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 626 shares in the last quarter. First Hawaiian Bank bought a new position in Duke Energy in the third quarter valued at approximately $371,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in Duke Energy in the third quarter valued at approximately $4,163,000. 60.33% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE DUK opened at $89.59 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.35. The company has a market cap of $64.09 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 3.65 and a beta of 0.06.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be paid a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 annualized dividend and a dividend yield of 4.14%. Duke Energy’s dividend payout ratio is currently 81.18%.
DUK has been the subject of a number of analyst reports. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Barclays raised their price target on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Wells Fargo & Co decreased their price target on Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a research note on Monday, November 5th. Finally, ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Duke Energy has an average rating of “Hold” and an average price target of $85.21.
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Duke Energy 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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